Report Update Nov 1, 2024

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

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Chile: Contact Lense Market 2024

Contact Lense Market Size in Chile

After four years of growth, the Chilean contact lense market decreased by -64.2% to $X in 2022. In general, consumption, however, continues to indicate noticeable growth. As a result, consumption attained the peak level of $X, and then reduced notably in the following year.

Contact Lense Exports

Exports from Chile

In 2022, the amount of contact lenses exported from Chile fell dramatically to X units, with a decrease of -23.5% compared with the previous year's figure. Over the period under review, exports recorded a sharp shrinkage. The growth pace was the most rapid in 2015 when exports increased by 94% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, contact lense exports declined significantly to $X in 2022. Overall, exports saw a deep slump. The growth pace was the most rapid in 2014 when exports increased by 87% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Argentina (X units), Uruguay (X units) and Ecuador (X units) were the main destinations of contact lense exports from Chile, with a combined 82% share of total exports. Peru, Paraguay and Bolivia lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the biggest increases were recorded for Paraguay (with a CAGR of -5.0%), while shipments for the other leaders experienced a decline.

In value terms, Uruguay ($X) remains the key foreign market for contact lenses exports from Chile, comprising 87% of total exports. The second position in the ranking was held by Argentina ($X), with an 8.5% share of total exports. It was followed by Paraguay, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Uruguay amounted to -6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-9.5% per year) and Paraguay (+5.8% per year).

Export Prices by Country

The average contact lense export price stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price continues to indicate resilient growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 50%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($X per unit), while the average price for exports to Ecuador ($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 Uruguay (+23.6%), while the prices for the other major destinations experienced more modest paces of growth.

Contact Lense Imports

Imports into Chile

In 2022, after four years of growth, there was significant decline in supplies from abroad of contact lenses, when their volume decreased by -70.6% to X units. Over the period under review, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 192%. As a result, imports attained the peak of X units, and then declined rapidly in the following year.

In value terms, contact lense imports fell markedly to $X in 2022. Overall, imports, however, enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2021 with an increase of 220% against the previous year. As a result, imports reached the peak of $X, and then declined remarkably in the following year.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of contact lense to Chile, accounting for a 73% share of total imports. Moreover, contact lense imports from the United States exceeded the figures recorded by the second-largest supplier, Ireland (X units), fourfold. Malaysia (X units) ranked third in terms of total imports with a 4% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+35.0% per year) and Malaysia (+62.9% per year).

In value terms, the United States ($X) constituted the largest supplier of contact lenses to Chile, comprising 59% of total imports. The second position in the ranking was taken by Ireland ($X), with an 18% share of total imports. It was followed by Malaysia, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+5.2% per year) and Malaysia (+85.9% per year).

Import Prices by Country

In 2022, the average contact lense import price amounted to $X per unit, increasing by 42% against the previous year. In general, the import price, however, saw a abrupt downturn. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+14.1%), while the prices for the other major suppliers experienced a decline.

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. The United States, Ireland, Italy, Indonesia and Sweden lagged somewhat behind, together comprising a further 21%.

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

South Africa remains the largest contact lense producing country worldwide, comprising approx. 37% of total volume. Moreover, contact lense production in South Africa exceeded the figures recorded by the second-largest producer, Ireland, twofold. Belgium ranked third in terms of total production with a 9.4% share.

What are the leading suppliers of contact lenses to Chile?

In value terms, the United States constituted the largest supplier of contact lense to Chile, comprising 75% of total imports. The second position in the ranking was occupied by Ireland, with a 13% share of total imports.

What are the leading importers of contact lenses from Chile?

In value terms, Bolivia remains the key foreign market for contact lense exports from Chile, comprising 82% of total exports. The second position in the ranking was occupied by Paraguay, with a 7.7% share of total exports. It was followed by Peru, with a 5.2% share.

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

In 2021, the average contact lense export price amounted to $1.8 per unit, picking up by 27% against the previous year.

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

In 2021, the average contact lense import price amounted to $0.9 per unit, with a decrease of -25.4% against the previous year.

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

Chile

Data coverage:

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