Latest Report Update: Dec 30, 2019

Singapore - Contact Lenses - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Contact Lens Market Overview 2020

Contact Lens Market Size in Singapore

The revenue of the contact lens market in Singapore amounted to $X in 2018, jumping by X% against the previous year. Overall, contact lens consumption, however, continues to indicate a sharp reduction. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. In that year, the contact lens market attained its peak level of $X. From 2011 to 2018, the growth of the contact lens market remained at a lower figure.

Contact Lens Production in Singapore

In value terms, contact lens production stood at $X in 2018 estimated in export prices. Over the period under review, contact lens production continues to indicate a skyrocketing increase. The most prominent rate of growth was recorded in 2016 when production volume increased by X% against the previous year. Contact lens production peaked at $X in 2017, and then declined slightly in the following year.

Contact Lens Exports

Exports from Singapore

Contact lens exports from Singapore totaled X units in 2018, surging by X% against the previous year. Over the period under review, contact lens exports continue to indicate skyrocketing growth. The pace of growth was the most pronounced in 2017 when exports increased by X% y-o-y. Exports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, contact lens exports stood at $X in 2018. In general, the total exports indicated strong growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by X% y-o-y. Over the period under review, contact lens exports reached their peak figure at $X in 2017, and then declined slightly in the following year.

Exports by Country

Japan (X units) was the main destination for contact lens exports from Singapore, with a X% share of total exports. Moreover, contact lens exports to Japan exceeded the volume sent to the second major destination, China (X units), more than tenfold. The third position in this ranking was occupied by Taiwan, Chinese (X units), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Japan stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Taiwan, Chinese (+X% per year).

In value terms, Japan ($X) remains the key foreign market for contact lens exports from Singapore, comprising X% of total contact lens exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports. It was followed by Taiwan, Chinese, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Japan totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Taiwan, Chinese (+X% per year).

Export Prices by Country

The average contact lens export price stood at $X per unit in 2018, falling by -X% against the previous year. Overall, the contact lens export price continues to indicate an abrupt slump. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2007; however, from 2008 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced a decline.

Contact Lens Imports

Imports into Singapore

In 2018, the amount of contact lenses imported into Singapore totaled X units, rising by X% against the previous year. In general, contact lens imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Imports peaked in 2018 and are likely to see steady growth in the near future.

In value terms, contact lens imports totaled $X in 2018. In general, contact lens imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 when imports increased by X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Malaysia (X units) constituted the largest supplier of contact lens to Singapore, with a X% share of total imports. Moreover, contact lens imports from Malaysia exceeded the figures recorded by the second-largest supplier, Indonesia (X units), more than tenfold. The UK (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Malaysia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+X% per year) and the UK (+X% per year).

In value terms, Malaysia ($X) constituted the largest supplier of contact lens to Singapore, comprising X% of total contact lens imports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total imports. It was followed by Ireland, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from Malaysia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-X% per year) and Ireland (+X% per year).

Import Prices by Country

In 2018, the average contact lens import price amounted to $X per unit, declining by -X% against the previous year. In general, the contact lens import price continues to indicate an abrupt downturn. The pace of growth appeared the most rapid in 2012 an increase of X% year-to-year. Over the period under review, the average import prices for contact lenses reached their peak figure at $X per unit in 2007; however, from 2008 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Indonesia ($X per unit), while the price for Taiwan, Chinese ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 32504130 - Contact lenses

This report provides an in-depth analysis of the contact lens market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Country coverage:
• Singapore

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Singapore
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007–2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2018
Figure 5:
Trade Balance, In Physical Terms, 2007–2018
Figure 6:
Trade Balance, In Value Terms, 2007–2018
Figure 7:
Per Capita Consumption, 2007–2018
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2018
Figure 21:
Production, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, 2007–2018
Figure 23:
Imports, In Value Terms, 2007–2018
Figure 24:
Imports, In Physical Terms, By Country, 2018
Figure 25:
Imports, In Physical Terms, By Country, 2007–2018
Figure 26:
Imports, In Value Terms, By Country, 2007–2018
Figure 27:
Import Prices, By Country Of Origin, 2007–2018
Figure 28:
Exports, In Physical Terms, 2007–2018
Figure 29:
Exports, In Value Terms, 2007–2018
Figure 30:
Exports, In Physical Terms, By Country, 2018
Figure 31:
Exports, In Physical Terms, By Country, 2007–2018
Figure 32:
Exports, In Value Terms, By Country, 2007–2018
Figure 33:
Export Prices, By Country Of Destination, 2007–2018

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