Italy: Contact Lense Market 2024

Contact Lense Market Size in Italy

In 2022, the Italian contact lense market increased by 23% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Contact lense consumption peaked in 2022 and is expected to retain growth in the near future.

Contact Lense Production in Italy

In value terms, contact lense production fell notably to $X in 2022 estimated in export price. In general, production showed a pronounced reduction. The most prominent rate of growth was recorded in 2021 when the production volume increased by 957%. As a result, production reached the peak level of $X, and then contracted significantly in the following year.

Contact Lense Exports

Exports from Italy

In 2022, shipments abroad of contact lenses increased by 11% to X units, rising for the second consecutive year after three years of decline. Overall, total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +7.5% 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 +58.6% against 2020 indices. The pace of growth was the most pronounced in 2015 when exports increased by 47% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, contact lense exports soared to $X in 2022. In general, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 45%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Singapore (X units), the United States (X units) and the UK (X units) were the main destinations of contact lense exports from Italy, together accounting for 58% of total exports. Hong Kong SAR, the Czech Republic, Egypt, the Netherlands, Germany, Spain, Poland, France and Sweden lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +56.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for contact lense exported from Italy were the United States ($X), Singapore ($X) and the Czech Republic ($X), with a combined 61% share of total exports.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +79.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average contact lense export price amounted to $X per unit, increasing by 7.7% against the previous year. In general, the export price continues to indicate moderate growth. The pace of growth appeared the most rapid in 2018 an increase of 57%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Spain ($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 Czech Republic (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Contact Lense Imports

Imports into Italy

Contact lense imports into Italy soared to X units in 2022, picking up by 20% compared with the previous year. The total import volume increased at an average annual rate of +4.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, contact lense imports soared to $X in 2022. The total import value increased at an average annual rate of +4.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), Belgium (X units) and the UK (X units) were the main suppliers of contact lense imports to Italy, with a combined 92% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +100.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest contact lense suppliers to Italy were Germany ($X), Belgium ($X) and the UK ($X), together comprising 86% of total imports.

Belgium, with a CAGR of +74.9%, 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 mixed trend patterns.

Import Prices by Country

The average contact lense import price stood at $X per unit in 2022, surging by 5.8% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 25% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for the UK ($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 (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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