Belgium: Contact Lense Market 2024

Contact Lense Market Size in Belgium

The Belgian contact lense market contracted rapidly to $X in 2022, with a decrease of -19.6% against the previous year. In general, consumption, however, recorded a prominent expansion. As a result, consumption attained the peak level of $X, and then contracted rapidly in the following year.

Contact Lense Production in Belgium

In value terms, contact lense production surged to $X in 2022 estimated in export price. Overall, production, however, recorded significant growth. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Contact Lense Exports

Exports from Belgium

In 2022, overseas shipments of contact lenses decreased by -96.7% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a sharp curtailment. The pace of growth was the most pronounced in 2019 when exports increased by 1,493%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, contact lense exports plummeted to $X in 2022. Overall, exports continue to indicate a sharp downturn. The growth pace was the most rapid in 2019 with an increase of 1,405%. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted sharply in the following year.

Exports by Country

Luxembourg (X units) was the main destination for contact lense exports from Belgium, with a 39% share of total exports. Moreover, contact lense exports to Luxembourg exceeded the volume sent to the second major destination, Italy (X units), twofold. The third position in this ranking was taken by the UK (X units), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Luxembourg totaled +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+93.2% per year) and the UK (-9.5% per year).

In value terms, Italy ($X), Luxembourg ($X) and the Netherlands ($X) were the largest markets for contact lense exported from Belgium worldwide, with a combined 77% share of total exports.

In terms of the main countries of destination, Italy, with a CAGR of +97.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average contact lense export price amounted to $X per unit, rising by 38% against the previous year. Over the period under review, the export price recorded a moderate increase. The pace of growth was the most pronounced in 2021 when the average export price increased by 83% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Denmark ($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 the Netherlands (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Contact Lense Imports

Imports into Belgium

In 2022, contact lense imports into Belgium declined dramatically to X units, which is down by -83% compared with the previous year's figure. Over the period under review, imports saw a abrupt descent. The pace of growth was the most pronounced in 2019 with an increase of 256%. Imports peaked at X units in 2021, and then reduced remarkably in the following year.

In value terms, contact lense imports dropped remarkably to $X in 2022. In general, imports showed a abrupt slump. The pace of growth was the most pronounced in 2019 with an increase of 158% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then declined sharply in the following year.

Imports by Country

Germany (X units), the UK (X units) and the United States (X units) were the main suppliers of contact lense imports to Belgium, together accounting for 94% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +60.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and the UK ($X) constituted the largest contact lense suppliers to Belgium, with a combined 84% share of total imports. These countries were followed by the United States, which accounted for a further 8.3%.

In terms of the main suppliers, the United States, with a CAGR of +36.2%, 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

In 2022, the average contact lense import price amounted to $X per unit, surging by 70% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, contact lense import price increased by +82.7% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for the UK ($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 (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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