Belarus: Contact Lense Market 2024

Contact Lense Market Size in Belarus

The Belarusian contact lense market dropped dramatically to $X in 2022, which is down by -21% against the previous year. The market value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Contact lense consumption peaked at $X in 2021, and then declined dramatically in the following year.

Contact Lense Production in Belarus

In value terms, contact lense production amounted to $X in 2022 estimated in export price. In general, production showed a sharp setback. The pace of growth was the most pronounced in 2013 when the production volume increased by 634% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Contact Lense Exports

Exports from Belarus

In 2022, approx. X units of contact lenses were exported from Belarus; growing by 43% against the previous year's figure. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 9,597%. Over the period under review, the exports reached the peak figure at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, contact lense exports shrank remarkably to $X in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 18,565%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank markedly in the following year.

Exports by Country

Russia (X units) was the main destination for contact lense exports from Belarus, with a 98% share of total exports. It was followed by Lithuania (X units), with a 0.9% share of total exports.

From 2013 to 2022, the average annual growth rate of volume to Russia amounted to +124.6%.

In value terms, Russia ($X) remains the key foreign market for contact lenses exports from Belarus, comprising 76% of total exports. The second position in the ranking was held by Lithuania ($X), with an 11% share of total exports.

From 2013 to 2022, the average annual growth rate of value to Russia amounted to +67.6%.

Export Prices by Country

The average contact lense export price stood at $X per unit in 2022, waning by -58.4% against the previous year. Overall, the export price saw a sharp setback. The most prominent rate of growth was recorded in 2021 an increase of 110%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per unit), while the average price for exports to Russia stood at $X per unit.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+68.4%), while the prices for the other major destinations experienced mixed trend patterns.

Contact Lense Imports

Imports into Belarus

In 2022, after three years of growth, there was significant decline in overseas purchases of contact lenses, when their volume decreased by -40.4% to X units. Overall, imports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2016 with an increase of 188%. Over the period under review, imports hit record highs at X units in 2021, and then contracted markedly in the following year.

In value terms, contact lense imports fell rapidly to $X in 2022. Over the period under review, imports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of 82%. Over the period under review, imports hit record highs at $X in 2021, and then dropped notably in the following year.

Imports by Country

In 2022, Russia (X units) constituted the largest contact lense supplier to Belarus, accounting for a 74% share of total imports. Moreover, contact lense imports from Russia exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. The third position in this ranking was held by Malaysia (X units), with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume from Russia stood at +33.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.7% per year) and Malaysia (-1.9% per year).

In value terms, Russia ($X) constituted the largest supplier of contact lenses to Belarus, comprising 55% of total imports. The second position in the ranking was taken by the UK ($X), with an 11% share of total imports. It was followed by Malaysia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia totaled +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+16.9% per year) and Malaysia (-4.2% per year).

Import Prices by Country

The average contact lense import price stood at $X per unit in 2022, picking up by 16% against the previous year. In general, the import price, however, recorded a abrupt setback. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 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 Ireland ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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