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World - Contact Lenses - Market Analysis, Forecast, Size, Trends and Insights
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Global Contact Lens Market Overview 2020

Contact Lens Market Size

For the fourth consecutive year, the global contact lens market recorded growth in sales value, which increased by X% to $X in 2019. In general, the total consumption indicated measured growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2015 indices. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Global consumption peaked in 2019 and is likely to see gradual growth in the near future.

Contact Lens Production

In value terms, contact lens production expanded to $X in 2019 estimated in export prices. Over the period under review, the total production indicated a prominent increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2015 indices. The growth pace was the most rapid in 2013 when the production volume increased by X% year-to-year. Global production peaked in 2019 and is likely to continue growth in the near future.

Production By Country

Ireland (X units) remains the largest contact lens producing country worldwide, accounting for X% of total volume. Moreover, contact lens production in Ireland exceeded the figures recorded by the second-largest producer, the UK (X units), fivefold. The third position in this ranking was occupied by Indonesia (X units), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume in Ireland amounted to +X%. In the other countries, the average annual rates were as follows: the UK (-X% per year) and Indonesia (+X% per year).

Contact Lens Exports

Exports

In 2019, global contact lens exports expanded notably to X units, with an increase of X% on 2018. In general, exports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. Over the period under review, global exports reached the peak figure in 2019 and are expected to retain growth in the immediate term.

In value terms, contact lens exports expanded to $X in 2019. Overall, total exports indicated moderate growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. Over the period under review, global exports hit record highs in 2019 and are likely to see steady growth in the immediate term.

Exports by Country

Ireland was the key exporter of contact lenses in the world, with the volume of exports reaching X units, which was approx. X% of total exports in 2019. The U.S. (X units) occupied a X% share (based on tonnes) of total exports, which put it in second place, followed by Belgium (X%). The following exporters - Indonesia (X units), Singapore (X units), Germany (X units), Taiwan, Chinese (X units), the UK (X units), South Korea (X units) and Malaysia (X units) - together made up X% of total exports.

From 2007 to 2019, average annual rates of growth with regard to contact lens exports from Ireland stood at +X%. At the same time, Taiwan, Chinese (+X%), Belgium (+X%), South Korea (+X%), Malaysia (+X%), Singapore (+X%), Germany (+X%), the U.S. (+X%), Indonesia (+X%) and the UK (+X%) displayed positive paces of growth. Moreover, Taiwan, Chinese emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2019. From 2007 to 2019, the share of Ireland, the U.S., Belgium, Singapore, Taiwan, Chinese, Indonesia, Germany and South Korea 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, the largest contact lens supplying countries worldwide were Ireland ($X), the U.S. ($X) and the UK ($X), together accounting for X% of global exports. Germany, Singapore, Taiwan, Chinese, Indonesia, Belgium, South Korea and Malaysia lagged somewhat behind, together comprising a further X the main exporting countries, South Korea saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average contact lens export price amounted to $X per unit, falling by -X% against the previous year. Overall, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2015 an increase of X% y-o-y. Over the period under review, average export prices reached the peak figure at $X per unit in 2007; however, from 2008 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was the UK ($X per unit), while Ireland ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the UK, while the other global leaders experienced a decline in the export price figures.

Contact Lens Imports

Imports

For the fourth consecutive year, the global market recorded growth in purchases abroad of contact lenses, which increased by X% to X units in 2019. Over the period under review, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Global imports peaked in 2019 and are likely to see gradual growth in years to come.

In value terms, contact lens imports stood at $X in 2019. In general, total imports indicated a notable increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2017 when imports increased by X% y-o-y. Over the period under review, global imports hit record highs in 2019 and are expected to retain growth in the near future.

Imports by Country

In 2019, Japan (X units), distantly followed by the U.S. (X units), the UK (X units), China (X units) and Belgium (X units) were the major importers of contact lenses, together generating X% of total imports. The following importers - Italy (X units), Singapore (X units), South Korea (X units), Russia (X units), Malaysia (X units), France (X units) and Sweden (X units) - together made up X% of total imports.

From 2007 to 2019, the biggest increases were in Malaysia, while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest contact lens importing markets worldwide were Japan ($X), the U.S. ($X) and the UK ($X), together accounting for X% of global imports. China, Singapore, Italy, South Korea, France, Russia, Belgium, Malaysia and Sweden lagged somewhat behind, together comprising a further X saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average contact lens import price stood at $X per unit in 2019, shrinking by -X% against the previous year. Over the period under review, the import price recorded a perceptible descent. The pace of growth was the most pronounced in 2015 an increase of X% y-o-y. As a result, import price attained the peak level of $X per unit. From 2016 to 2019, the growth in terms of the average import prices failed to regain the momentum.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for contact lenses in the world?
+
The countries with the highest volumes of contact lens consumption in 2019 were Japan (2.6B units), the UK (2B units) and the U.S. (637M units), together accounting for 57% of global consumption. China, Italy, Russia, France, South Korea, India, Sweden, Denmark and Singapore lagged somewhat behind, together accounting for a further 24%.
What are the largest producers of contact lenses in the world?
+
Ireland (3.7B units) remains the largest contact lens producing country worldwide, accounting for 68% of total volume. Moreover, contact lens production in Ireland exceeded the figures recorded by the second-largest producer, the UK (781M units), fivefold. The third position in this ranking was occupied by Indonesia (328M units), with a 6% share.
What are the leading exporters of contact lenses in the world?
+
In value terms, the largest contact lens supplying countries worldwide were Ireland ($1.4B), the U.S. ($1.1B) and the UK ($946M), with a combined 45% share of global exports. Germany, Singapore, Taiwan, Chinese, Indonesia, Belgium, South Korea and Malaysia lagged somewhat behind, together accounting for a further 42%.
What are the leading importers of contact lenses in the world?
+
In value terms, Japan ($1.4B), the U.S. ($1B) and the UK ($526M) appeared to be the countries with the highest levels of imports in 2019, with a combined 42% share of global imports. These countries were followed by China, Singapore, Italy, South Korea, France, Russia, Belgium, Malaysia and Sweden, which together accounted for a further 26%.
What is the average export price for contact lenses in the world?
+
The average contact lens export price stood at $1.1 per unit in 2019, dropping by -4.5% against the previous year.
What is the average import price for contact lenses in the world?
+
In 2019, the average contact lens import price amounted to $0.7 per unit, dropping by -6.2% against the previous year.

Product coverage:
• Prodcom 32504130 - Contact lenses

This report provides an in-depth analysis of the global contact lens market. 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 2025.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• 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
CONSUMPTION BY COUNTRY
3.3
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. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
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

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Physical Terms, By Country, 2007–2019
Table 7:
Imports, In Value Terms, By Country, 2007–2019
Table 8:
Import Prices, By Country Of Destination, 2007–2019
Table 9:
Exports, In Physical Terms, By Country, 2007–2019
Table 10:
Exports, In Value Terms, By Country, 2007–2019
Table 11:
Export Prices, By Country Of Origin, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2019
Figure 17:
Production, In Value Terms, 2007–2019
Figure 18:
Production, By Country, 2019
Figure 19:
Production, In Physical Terms, By Country, 2007–2019
Figure 20:
Imports, In Physical Terms, 2007–2019
Figure 21:
Imports, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, By Country, 2019
Figure 23:
Imports, In Physical Terms, By Country, 2007–2019
Figure 24:
Imports, In Value Terms, By Country, 2007–2019
Figure 25:
Import Prices, By Country, 2007–2019
Figure 26:
Exports, In Physical Terms, 2007–2019
Figure 27:
Exports, In Value Terms, 2007–2019
Figure 28:
Exports, In Physical Terms, By Country, 2019
Figure 29:
Exports, In Physical Terms, By Country, 2007–2019
Figure 30:
Exports, In Value Terms, By Country, 2007–2019
Figure 31:
Export Prices, 2007–2019

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