Malta: Contact Lens Market 2020

Contact Lens Market Size in Malta

The revenue of the contact lens market in Malta amounted to $X in 2018, falling 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). Overall, contact lens consumption, however, continues to indicate outstanding growth. The pace of growth appeared the most rapid in 2017 when the market value increased by X% against the previous year. In that year, the contact lens market reached its peak level of $X, and then declined slightly in the following year.

Contact Lens Exports

Exports from Malta

In 2018, approx. X units of contact lenses were exported from Malta; approximately reflecting the previous year. Over the period under review, the total exports indicated a slight expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, contact lens exports increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Malta exports peaked in 2018 and are likely to see steady growth in the immediate term.

In value terms, contact lens exports totaled $X in 2018. Over the period under review, contact lens exports continue to indicate a drastic setback. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, contact lens exports reached their peak figure at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, Ireland (X units) represented the key exporter of contact lenses, generating X% of total exports. Germany (X units) ranks second in terms of the total exports with a X% share, followed by the UK (X%), Taiwan, Chinese (X%), the U.S. (X%), Singapore (X%) and Hungary (X%). Malaysia (X units) took 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. Ireland (+X p.p.), Germany (+X p.p.), Taiwan, Chinese (+X p.p.), the UK (+X p.p.), Hungary (+X p.p.), Singapore (+X p.p.), the U.S. (+X p.p.) and Malaysia (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ireland ($X), the UK ($X) and the U.S. ($X) appeared to be the countries with the highest levels of exports in 2018, with a combined X% share of total exports. Germany, Singapore, Malaysia, Taiwan, Chinese, Hungary and Malta lagged somewhat behind, together accounting for a further X, Chinese experienced the highest growth rate of exports, in terms of the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the contact lens export price in Malta amounted to $X per unit, falling by -X% against the previous year. Over the period under review, the contact lens export price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. In that year, the export prices for contact lenses attained their peak level of $X per unit. From 2015 to 2018, the growth in terms of the export prices for contact lenses remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, 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 Malta

In 2018, the amount of contact lenses imported into Malta stood at X units, declining by -X% against the previous year. Over the period under review, contact lens imports, however, continue to indicate extraordinary growth. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. In that year, contact lens imports reached their peak of X units, and then declined slightly in the following year.

In value terms, contact lens imports stood at $X in 2018. Over the period under review, the total imports indicated a notable increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, contact lens imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% y-o-y. In that year, contact lens imports attained their peak of $X. From 2014 to 2018, the growth of contact lens imports remained at a somewhat lower figure.

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) represented the largest importers of contact lenses, together committing X% of total imports. Italy (X units), South Korea (X units), Taiwan, Chinese (X units), Russia (X units) and France (X units) occupied a little share 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 Malta, while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the U.S. ($X) and the UK ($X) were the countries with the highest levels of imports in 2018, together comprising X% of total imports. These countries were followed by Singapore, China, Italy, France, South Korea, Belgium, Russia, Taiwan, Chinese and Malta, which together accounted for a further X terms of the main importing countries, China experienced the highest rates of growth with regard to imports, 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 Malta amounted to $X per unit, reducing by -X% against the previous year. In general, the contact lens import price continues to indicate a dramatic setback. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. Over the period under review, the import prices for contact lenses reached their maximum at $X per unit in 2010; however, from 2011 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, 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