Iceland: Contact Lens Market 2020

Contact Lens Market Size in Iceland

The revenue of the contact lens market in Iceland amounted to $X in 2018, dropping by -X% 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, contact lens consumption, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2017 when the market value increased by X% y-o-y. In that year, the contact lens market attained its peak level of $X, and then declined slightly in the following year.

Contact Lens Exports

Exports from Iceland

In 2018, the amount of contact lenses exported from Iceland stood at X units, going down by -X% against the previous year. Over the period under review, contact lens exports continue to indicate a dramatic slump. The pace of growth was the most pronounced in 2011 when exports increased by X% y-o-y. In that year, contact lens exports reached their peak of X units. From 2012 to 2018, the growth of contact lens exports failed to regain its momentum.

In value terms, contact lens exports totaled $X in 2018. In general, contact lens exports continue to indicate a dramatic slump. The pace of growth was the most pronounced in 2015 when exports increased by X% y-o-y. Over the period under review, contact lens exports attained their peak figure at $X in 2011; however, from 2012 to 2018, exports remained at a lower figure.

Exports by Country

Ireland was the largest exporter of contact lenses in the world, with the volume of exports resulting at X units, which was near X% of total exports in 2018. It was distantly followed by Germany (X units), the UK (X units), Taiwan, Chinese (X units), the U.S. (X units), Singapore (X units) and Hungary (X units), together committing a X% share of total exports. Malaysia (X units) held a little share of total exports.

From 2007 to 2018, average annual rates of growth with regard to contact lens exports from Ireland stood at +X%. At the same time, Hungary (+X%), Germany (+X%), Taiwan, Chinese (+X%), Singapore (+X%), Malaysia (+X%), the UK (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. From 2007 to 2018, the share of Ireland, Germany, Taiwan, Chinese, the UK, Hungary, Singapore, the U.S. and Malaysia increased by +X%, +X%, +X%, +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest contact lens markets from Iceland were Ireland ($X), the UK ($X) and the U.S. ($X), together accounting for X% of total exports. Germany, Singapore, Malaysia, Taiwan, Chinese, Hungary and Iceland lagged somewhat behind, together comprising a further X terms of the main exporting countries, Taiwan, Chinese experienced the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the contact lens export price in Iceland amounted to $X per unit, dropping by -X% against the previous year. Overall, the contact lens export price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices for contact lenses reached their maximum at $X per unit in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Malaysia ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Malaysia, while the other leaders experienced a decline in the export price figures.

Contact Lens Imports

Imports into Iceland

In 2018, the amount of contact lenses imported into Iceland totaled X units, falling by -X% against the previous year. In general, contact lens imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2017 when imports increased by X% year-to-year. In that year, contact lens imports attained their peak of X units, and then declined slightly in the following year.

In value terms, contact lens imports stood at $X in 2018. In general, contact lens imports, however, continue to indicate a measured slump. The growth pace was the most rapid in 2017 when imports increased by X% year-to-year. In that year, contact lens imports reached their peak of $X, and then declined slightly in the following year.

Imports by Country

In 2018, Japan (X units), distantly followed by the U.S. (X units), the UK (X units), China (X units), Belgium (X units) and Singapore (X units) were the main importers of contact lenses, together creating X% of total imports. The following importers - Italy (X units), South Korea (X units), Taiwan, Chinese (X units), Russia (X units) and France (X units) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Belgium, while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the U.S. ($X) and the UK ($X) appeared to be the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by Singapore, China, Italy, France, South Korea, Belgium, Russia, Taiwan, Chinese and Iceland, which together accounted for a further X experienced the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the contact lens import price in Iceland amounted to $X per unit, going down by -X% against the previous year. In general, the contact lens import price continues to indicate a deep drop. The pace of growth was the most pronounced in 2011 when the import price increased by X% against the previous year. Iceland import price peaked at $X per unit in 2012; however, from 2013 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform