Finland: Contact Lense Market 2024

Contact Lense Market Size in Finland

The Finnish contact lense market fell modestly to $X in 2022, reducing by -4% 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). Overall, consumption, however, continues to indicate a perceptible expansion. Over the period under review, the market reached the maximum level at $X in 2021, and then declined slightly in the following year.

Contact Lense Exports

Exports from Finland

In 2022, shipments abroad of contact lenses increased by 12% to X units for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2017 with an increase of 92% against the previous year. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, contact lense exports rose significantly to $X in 2022. Over the period under review, exports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 103%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Latvia (X units), Estonia (X units) and Iceland (X units) were the main destinations of contact lense exports from Finland, with a combined 100% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of +79.4%), while the other leaders experienced a decline.

In value terms, Latvia ($X), Estonia ($X) and Iceland ($X) were the largest markets for contact lense exported from Finland worldwide, together accounting for 99% of total exports.

In terms of the main countries of destination, Latvia, with a CAGR of +97.3%, saw the highest growth rate of 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, waning by -3.5% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by 53% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iceland ($X per unit), while the average price for exports to Latvia ($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 UK (+44.0%), while the prices for the other major destinations experienced more modest paces of growth.

Contact Lense Imports

Imports into Finland

In 2022, the amount of contact lenses imported into Finland shrank to X units, dropping by -2.4% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2017 with an increase of 149% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021, and then contracted modestly in the following year.

In value terms, contact lense imports shrank to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 81%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Sweden (X units), Germany (X units) and the UK (X units) were the main suppliers of contact lense imports to Finland, together accounting for 74% of total imports. The United States, the Czech Republic, Malaysia, Singapore and Ireland lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +953.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Germany ($X) and the UK ($X) constituted the largest contact lense suppliers to Finland, together comprising 68% of total imports. The Czech Republic, the United States, Malaysia, Singapore and Ireland lagged somewhat behind, together comprising a further 28%.

The Czech Republic, with a CAGR of +763.3%, recorded the highest rates of growth with regard to the value of imports, in terms of 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, declining by -3.2% against the previous year. Over the period under review, the import price recorded a abrupt slump. The pace of growth was the most pronounced in 2015 an increase of 26%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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