Estonia: Contact Lens Market Overview 2020

Contact Lens Market Size in Estonia

The revenue of the contact lens market in Estonia amounted to $X in 2018, going up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, contact lens consumption continues to indicate outstanding growth. The pace of growth appeared the most rapid in 2009 when the market value increased by X% y-o-y. Over the period under review, the contact lens market attained its peak figure level in 2018 and is expected to retain its growth in the near future.

Contact Lens Exports

Exports from Estonia

Contact lens exports from Estonia totaled X units in 2018, remaining constant against the previous year. In general, contact lens exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. In that year, contact lens exports reached their peak of X units. From 2010 to 2018, the growth of contact lens exports remained at a somewhat lower figure.

In value terms, contact lens exports amounted to $X in 2018. Overall, contact lens exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2018 when exports increased by X% year-to-year. In that year, contact lens exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

Ireland was the major exporter of contact lenses in the world, with the volume of exports reaching X units, which was near X% of total exports in 2018. Germany (X units) held a X% share (based on tonnes) of total exports, which put it in second place, followed by the UK (X%), Taiwan, Chinese (X%), the U.S. (X%), Singapore (X%) and Hungary (X%). Malaysia (X units) occupied a relatively small share of total exports.

From 2007 to 2018, average annual rates of growth with regard to contact lens exports from Ireland stood at +X%. At the same time, Hungary (+X%), Germany (+X%), Taiwan, Chinese (+X%), Singapore (+X%), Malaysia (+X%), the UK (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. From 2007 to 2018, the share of Ireland, Germany, Taiwan, Chinese, the UK, Hungary, Singapore, the U.S. and Malaysia increased by +X%, +X%, +X%, +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ireland ($X), the UK ($X) and the U.S. ($X) were the countries with the highest levels of exports in 2018, together comprising X% of total exports. Germany, Singapore, Malaysia, Taiwan, Chinese, Hungary and Estonia lagged somewhat behind, together comprising a further X, Chinese experienced the highest rates of growth with regard to exports, in terms of the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the contact lens export price in Estonia amounted to $X per unit, growing by X% against the previous year. Over the period under review, the contact lens export price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2018 when the export price increased by X% year-to-year. In that year, the export prices for contact lenses attained their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Malaysia ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Malaysia, while the other leaders experienced a decline in the export price figures.

Contact Lens Imports

Imports into Estonia

In 2018, approx. X units of contact lenses were imported into Estonia; jumping by X% against the previous year. Overall, contact lens imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Estonia imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, contact lens imports totaled $X in 2018. In general, contact lens imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2009 when imports increased by X% against the previous year. Over the period under review, contact lens imports reached their maximum in 2018 and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, Japan (X units), distantly followed by the U.S. (X units), the UK (X units), China (X units), Belgium (X units) and Singapore (X units) represented the major importers of contact lenses, together mixing up X% of total imports. The following importers - Italy (X units), South Korea (X units), Taiwan, Chinese (X units), Russia (X units) and France (X units) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Belgium, while the other leaders experienced more modest paces of growth.

In value terms, the largest contact lens importing markets into Estonia were Japan ($X), the U.S. ($X) and the UK ($X), together comprising X% of total imports. Singapore, China, Italy, France, South Korea, Belgium, Russia, Taiwan, Chinese and Estonia lagged somewhat behind, together comprising a further X terms of the main importing countries, China experienced the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The contact lens import price in Estonia stood at $X per unit in 2018, jumping by X% against the previous year. Overall, the contact lens import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the import prices for contact lenses attained their maximum at $X per unit in 2016; however, from 2017 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform