Report Update Nov 1, 2024

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

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Ecuador: Contact Lense Market 2024

Contact Lense Market Size in Ecuador

The Ecuadorian contact lense market declined dramatically to $X in 2022, with a decrease of -36.9% 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 showed a mild shrinkage. As a result, consumption reached the peak level of $X, and then contracted markedly in the following year.

Contact Lense Exports

Exports from Ecuador

In 2022, shipments abroad of contact lenses increased by 29% to X units for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, saw a deep downturn. The growth pace was the most rapid in 2018 with an increase of 1,133% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, contact lense exports soared to $X in 2022. In general, exports, however, showed a drastic downturn. The pace of growth was the most pronounced in 2018 when exports increased by 729%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X units), South Africa (X units) and the Netherlands (X units) were the main destinations of contact lense exports from Ecuador, together comprising 94% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +20.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X) remains the key foreign market for contact lenses exports from Ecuador, comprising 51% of total exports. The second position in the ranking was held by South Africa ($X), with a 25% share of total exports. It was followed by Portugal, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium stood at -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+9.3% per year) and Portugal (+8.4% per year).

Export Prices by Country

The average contact lense export price stood at $X per unit in 2022, picking up by 3.1% against the previous year. In general, the export price recorded a buoyant increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 125% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 Chile ($X per unit), while the average price for exports to the Netherlands ($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 Chile (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Contact Lense Imports

Imports into Ecuador

In 2022, approx. X units of contact lenses were imported into Ecuador; with a decrease of -41% compared with 2021 figures. Over the period under review, imports recorded a slight downturn. The pace of growth was the most pronounced in 2021 when imports increased by 408% against the previous year. As a result, imports reached the peak of X units, and then fell rapidly in the following year.

In value terms, contact lense imports fell dramatically to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 151%. As a result, imports attained the peak of $X, and then shrank notably in the following year.

Imports by Country

The United States (X units), Malaysia (X units) and Panama (X units) were the main suppliers of contact lense imports to Ecuador, with a combined 44% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Panama (with a CAGR of +79.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest contact lense suppliers to Ecuador were the United States ($X), Malaysia ($X) and Panama ($X), with a combined 45% share of total imports.

Panama, with a CAGR of +70.9%, saw the highest growth rate of the value of imports, among the main suppliers 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, growing by 19% against the previous year. Overall, the import price recorded a slight increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 72% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per unit), while the price for Germany ($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 United States (+4.4%), 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 Ecuador?

In value terms, the largest contact lense suppliers to Ecuador were Malaysia, the UK and the United States, with a combined 65% share of total imports.

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

The average contact lense export price stood at less than $0.1 per unit in 2021, reducing by -99.9% against the previous year.

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

In 2021, the average contact lense import price amounted to $3.7 per unit, growing by 39% against the previous year.

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

Ecuador

Data coverage:

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