Report Update Nov 1, 2024

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

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Angola: Contact Lense Market 2024

Contact Lense Market Size in Angola

The Angolan contact lense market declined dramatically to $X in 2022, reducing by -42.5% 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). Over the period under review, consumption saw a deep contraction. Contact lense consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Contact Lense Exports

Exports from Angola

In 2020, overseas shipments of contact lenses decreased by 0% to X units, falling for the second year in a row after three years of decline. Overall, exports faced a significant decline. The smallest decline of -11.1% was in 2016. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2020, the exports failed to regain momentum.

In value terms, contact lense exports totaled $X in 2020. Over the period under review, exports continue to indicate a dramatic downturn. The smallest decline of -45.2% was in 2016. The exports peaked at $X in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for contact lense exports from Angola, accounting for a approx. 100% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to the United States was relatively modest.

From 2012 to 2020, the average annual rate of growth in terms of value to the United States amounted to -15.9%.

Export Prices by Country

In 2020, the average contact lense export price amounted to $X per unit, standing approx. at the previous year. In general, the export price continues to indicate a modest expansion. The pace of growth was the most pronounced in 2016 a decrease of -38.3%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2020, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2020, the rate of growth in terms of prices for the United States amounted to -15.9% per year.

Contact Lense Imports

Imports into Angola

Contact lense imports into Angola declined remarkably to X units in 2022, reducing by -50.4% compared with the previous year. Overall, imports saw a deep downturn. The pace of growth appeared the most rapid in 2018 with an increase of 326%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, contact lense imports fell notably to $X in 2022. Over the period under review, imports recorded a mild reduction. The pace of growth was the most pronounced in 2021 with an increase of 312% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Portugal (X units), China (X units) and the UK (X units) were the main suppliers of contact lense imports to Angola, together accounting for 95% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +16.9%), while imports for the other leaders experienced a decline.

In value terms, Portugal ($X) constituted the largest supplier of contact lenses to Angola, comprising 68% of total imports. The second position in the ranking was taken by the UK ($X), with an 8.7% share of total imports. It was followed by the United Arab Emirates, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value from Portugal totaled -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+29.5% per year) and the United Arab Emirates (+7.4% per year).

Import Prices by Country

The average contact lense import price stood at $X per unit in 2022, with an increase of 25% against the previous year. In general, the import price enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 171%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: 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 the UK (+30.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for contact lenses in the world?

The countries with the highest volumes of in 2021 were Japan, South Africa and the UK, with a combined 53% share of global consumption. These countries were followed by the United States, Ireland, Italy, Indonesia and Sweden, which together accounted for a further 21%.

What are the largest producers of contact lenses in the world?

South Africa constituted the country with the largest volume of contact lense production, comprising approx. 37% of total volume. Moreover, contact lense production in South Africa exceeded the figures recorded by the second-largest producer, Ireland, twofold. The third position in this ranking was occupied by Belgium, with a 9.4% share.

What are the leading suppliers of contact lenses to Angola?

In value terms, Portugal constituted the largest supplier of contact lense to Angola, comprising 74% of total imports. The second position in the ranking was occupied by China, with an 8.1% share of total imports. It was followed by France, with a 6.4% share.

What is the average export price for contact lenses in Angola?

The average contact lense export price stood at $5.5 per unit in 2018, remaining stable against the previous year.

What is the average import price for contact lenses in Angola?

In 2021, the average contact lense import price amounted to $9.2 per unit, which is down by -27.1% against the previous year.

This report provides an in-depth analysis of the contact lense market in Angola. 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.

Product coverage:

Prodcom 32504130 - Contact lenses

Country coverage:

Angola

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Angola
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023