United Kingdom: Contact Lense Market 2024

Contact Lense Market Size in the UK

In 2022, the UK contact lense market decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, continues to indicate a pronounced slump. Contact lense consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Contact Lense Production in the UK

In value terms, contact lense production fell modestly to $X in 2022 estimated in export price. In general, production showed a mild curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Contact lense production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Contact Lense Exports

Exports from the UK

In 2022, overseas shipments of contact lenses decreased by X% to X units, falling for the fourth year in a row after two years of growth. Over the period under review, total exports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, contact lense exports fell notably to $X in 2022. In general, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2013 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X units), the United States (X units) and Spain (X units) were the main destinations of contact lense exports from the UK, together comprising X% of total exports. Japan, Australia, Taiwan (Chinese), Denmark, China, Russia, Hungary, Ireland, South Korea and Germany 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 Australia (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 the UK were Spain ($X), the United States ($X) and Belgium ($X), together accounting for X% of total exports. Japan, Germany, Denmark, Australia, Russia, Hungary, Ireland, Taiwan (Chinese), China and South Korea lagged somewhat behind, together comprising a further X%.

China, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average contact lense export price amounted to $X per unit, falling by X% against the previous year. Overall, the export price recorded a deep setback. The pace of growth appeared the most rapid in 2016 when the average export price increased by X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Belgium ($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 Hungary (X%), while the prices for the other major destinations experienced more modest paces of growth.

Contact Lense Imports

Imports into the UK

In 2022, purchases abroad of contact lenses decreased by X% to X units, falling for the third year in a row after two years of growth. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, contact lense imports reduced markedly to $X in 2022. Over the period under review, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Hungary (X units), the United States (X units) and Malaysia (X units) were the main suppliers of contact lense imports to the UK, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Hungary ($X) and Malaysia ($X) appeared to be the largest contact lense suppliers to the UK, with a combined X% share of total imports.

Among the main suppliers, Malaysia, 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, which is down by X% against the previous year. In general, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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