India: Contact Lense Market 2024

Contact Lense Market Size in India

The Indian contact lense market was estimated at $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption saw a strong increase. Over the period under review, the market attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Contact Lense Production in India

In value terms, contact lense production reached $X in 2022 estimated in export price. In general, production enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Contact Lense Exports

Exports from India

In 2022, the amount of contact lenses exported from India declined markedly to X units, shrinking by X% on the previous year. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, contact lense exports surged to $X in 2022. In general, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Singapore (X units), the UK (X units) and the United States (X units) were the main destinations of contact lense exports from India, together comprising X% of total exports. Hong Kong SAR, Nepal, the United Arab Emirates and the Czech Republic lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for contact lense exported from India were the United States ($X), Singapore ($X) and the UK ($X), together comprising X% of total exports. Hong Kong SAR, the Czech Republic, the United Arab Emirates and Nepal lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the Czech Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average contact lense export price stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the export price posted a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Nepal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Contact Lense Imports

Imports into India

Contact lense imports into India skyrocketed to X units in 2022, growing by X% on 2021. In general, imports saw a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, contact lense imports soared to $X in 2022. Overall, imports showed buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, South Korea (X units) constituted the largest supplier of contact lense to India, accounting for a X% share of total imports. Moreover, contact lense imports from South Korea exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the largest contact lense suppliers to India were the United States ($X), Hong Kong SAR ($X) and the UK ($X), with a combined X% share of total imports. South Korea, Germany, Ireland, the Netherlands, Brazil, Indonesia, Taiwan (Chinese) and China lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average contact lense import price stood at $X per unit in 2022, growing by X% against the previous year. In general, the import price, however, saw a mild contraction. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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