Ireland: Contact Lense Market 2024

Contact Lense Market Size in Ireland

In 2022, the Irish contact lense market decreased by -11.3% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, showed a slight curtailment. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Contact Lense Production in Ireland

In value terms, contact lense production shrank to $X in 2022 estimated in export price. In general, production enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by 41% against the previous year. Contact lense production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Contact Lense Exports

Exports from Ireland

In 2022, the amount of contact lenses exported from Ireland reached X units, surging by 15% on the previous year's figure. Overall, exports saw a resilient increase. The growth pace was the most rapid in 2017 when exports increased by 57% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, contact lense exports reduced to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 16% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X units), the United States (X units) and the Netherlands (X units) were the main destinations of contact lense exports from Ireland, with a combined 70% share of total exports. Germany, South Korea, China, Hong Kong SAR, the UK and the United Arab Emirates lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +69.5%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) emerged as the key foreign market for contact lenses exports from Ireland, comprising 41% of total exports. The second position in the ranking was held by the United States ($X), with a 16% share of total exports. It was followed by Germany, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan totaled -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+7.9% per year) and Germany (+46.7% per year).

Export Prices by Country

The average contact lense export price stood at $X per unit in 2022, falling by -20.6% against the previous year. Overall, the export price saw a abrupt setback. The pace of growth was the most pronounced in 2020 when the average export price increased by 10%. The export price peaked 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 the UK ($X per unit), while the average price for exports to the United States ($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 (+7.6%), while the prices for the other major destinations experienced a decline.

Contact Lense Imports

Imports into Ireland

In 2022, imports of contact lenses into Ireland stood at X units, remaining relatively unchanged against the previous year. Over the period under review, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 91%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, contact lense imports stood at $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 54%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest contact lense supplier to Ireland, with a 73% share of total imports. Moreover, contact lense imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +312.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-4.4% per year) and the United States (-2.2% per year).

In value terms, the UK ($X) constituted the largest supplier of contact lenses to Ireland, comprising 62% of total imports. The second position in the ranking was held by Germany ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the UK amounted to +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+210.6% per year) and the United States (-16.5% per year).

Import Prices by Country

In 2022, the average contact lense import price amounted to $X per unit, approximately equating the previous year. In general, the import price showed a deep downturn. The pace of growth was the most pronounced in 2019 when the average import price increased by 15% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 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 the UK ($X per unit), while the price for Germany ($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 UK (+13.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :