Brazil: Contact Lense Market 2024

Contact Lense Market Size in Brazil

The Brazilian contact lense market soared to $X in 2022, increasing by 26% against the previous year. Overall, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +51.3% against 2020 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Contact Lense Production in Brazil

In value terms, contact lense production rose to $X in 2022 estimated in export price. Over the period under review, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 20% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Contact Lense Exports

Exports from Brazil

Contact lense exports from Brazil reduced to X units in 2022, waning by -6.3% compared with the year before. Overall, exports showed a perceptible slump. The growth pace was the most rapid in 2014 when exports increased by 20% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, contact lense exports rose significantly to $X in 2022. In general, exports, however, showed temperate growth. The growth pace was the most rapid in 2015 when exports increased by 48%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for contact lense exports from Brazil, with a 81% share of total exports. Moreover, contact lense exports to China exceeded the volume sent to the second major destination, India (X units), tenfold. The Netherlands (X units) ranked third in terms of total exports with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-2.4% per year) and the Netherlands (-11.1% per year).

In value terms, China ($X) remains the key foreign market for contact lenses exports from Brazil, comprising 53% of total exports. The second position in the ranking was held by India ($X), with a 12% share of total exports. It was followed by Mexico, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to +1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+4.7% per year) and Mexico (+5.6% per year).

Export Prices by Country

The average contact lense export price stood at $X per unit in 2022, with an increase of 14% against the previous year. Over the period under review, export price indicated prominent growth 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 export price increased by +9.1% against 2019 indices. The pace of growth was the most pronounced in 2016 an increase of 27% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to China ($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 India (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Contact Lense Imports

Imports into Brazil

Contact lense imports into Brazil skyrocketed to X units in 2022, jumping by 40% against the previous year's figure. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.9% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 47%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, contact lense imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 42%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Ireland (X units), the United States (X units) and the UK (X units) were the main suppliers of contact lense imports to Brazil, together accounting for 88% of total imports. Hungary, South Korea, Costa Rica and Singapore lagged somewhat behind, together accounting for a further 9.9%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +151.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest contact lense suppliers to Brazil were Ireland ($X), the United States ($X) and South Korea ($X), with a combined 69% share of total imports. Singapore, the UK, Hungary and Costa Rica lagged somewhat behind, together accounting for a further 14%.

In terms of the main suppliers, Costa Rica, with a CAGR of +183.8%, recorded the highest rates of growth with regard to 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, reducing by -13.7% against the previous year. Over the period under review, the import price continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2021 when the average import price increased by 40% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 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 Singapore ($X per unit), while the price for Costa Rica ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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