EU: Contact Lense Market 2024

Contact Lense Market Size in the EU

The EU contact lense market totaled $X in 2022, surging by 8.8% against the previous year. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the near future.

Contact Lense Production in the EU

In value terms, contact lense production reduced modestly to $X in 2022 estimated in export price. Overall, production posted a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 24%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Contact Lense Exports

Exports in the EU

In 2022, exports of contact lenses in the European Union rose remarkably to X units, growing by 13% compared with the previous year's figure. In general, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 33%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, contact lense exports declined to $X in 2022. Total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.8% against 2015 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 26%. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

In 2022, Ireland (X units) represented the largest exporter of contact lenses, achieving 56% of total exports. Germany (X units) held a 33% share (based on physical terms) of total exports, which put it in second place, followed by Hungary (6.9%).

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +32.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Ireland ($X) and Hungary ($X) were the countries with the highest levels of exports in 2022, together accounting for 82% of total exports.

Hungary, with a CAGR of +12.2%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, dropping by -16.8% against the previous year. In general, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the export price increased by 9.6% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-7.0%), while the other leaders experienced a decline in the export price figures.

Contact Lense Imports

Imports in the EU

In 2022, approx. X units of contact lenses were imported in the European Union; remaining constant against the previous year. Total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +4.8% 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 +71.5% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 19%. As a result, imports reached the peak of X units, leveling off in the following year.

In value terms, contact lense imports rose slightly to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value 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, imports increased by +25.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 22% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Germany (X units) was the major importer of contact lenses, committing 50% of total imports. Italy (X units) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by Spain (5.1%) and the Netherlands (4.5%). France (X units), Denmark (X units), the Czech Republic (X units), Poland (X units) and Sweden (X units) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to contact lense imports into Germany stood at +4.4%. At the same time, the Czech Republic (+32.7%), France (+11.5%), Spain (+7.9%), Italy (+4.7%), Denmark (+4.5%), the Netherlands (+4.3%), Poland (+3.0%) and Sweden (+2.7%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in the European Union, with a CAGR of +32.7% from 2012-2022. From 2012 to 2022, the share of the Czech Republic and France increased by +3.3 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), the Netherlands ($X) and Italy ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 54% of total imports. France, Spain, the Czech Republic, Sweden, Poland and Denmark lagged somewhat behind, together comprising a further 30%.

The Czech Republic, with a CAGR of +21.0%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, increasing by 3.5% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the import price increased by 3.7% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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