MERCOSUR: Contact Lense Market 2024

Contact Lense Market Size in MERCOSUR

The MERCOSUR contact lense market dropped remarkably to $X in 2022, declining by -23.4% against the previous year. The total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +32.6% against 2020 indices. As a result, consumption reached the peak level of $X, and then reduced remarkably in the following year.

Contact Lense Production in MERCOSUR

In value terms, contact lense production expanded modestly to $X in 2022 estimated in export price. The total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 19%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Contact Lense Exports

Exports in MERCOSUR

In 2022, contact lense exports in MERCOSUR fell to X units, which is down by -6% on the year before. In general, exports showed a noticeable setback. The most prominent rate of growth was recorded in 2014 with an increase of 19%. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, contact lense exports rose modestly to $X in 2022. Total exports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.8% 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 +14.1% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of 38%. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil prevails in exports structure, reaching X units, which was approx. 93% of total exports in 2022. It was distantly followed by Argentina (X units), comprising a 7% share of total exports.

Exports from Brazil decreased at an average annual rate of -2.7% from 2012 to 2022. At the same time, Argentina (+5.3%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +5.3% from 2012-2022. Argentina (+3.7 p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by -3.6% from 2012 to 2022, respectively.

In value terms, Brazil ($X) remains the largest contact lense supplier in MERCOSUR, comprising 75% of total exports. The second position in the ranking was taken by Argentina ($X), with a 25% share of total exports.

In Brazil, contact lense exports increased at an average annual rate of +2.3% over the period from 2012-2022.

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, surging by 11% against the previous year. Export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when the export price increased by 17% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Argentina ($X per unit), while Brazil amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+5.1%).

Contact Lense Imports

Imports in MERCOSUR

In 2022, the amount of contact lenses imported in MERCOSUR rose notably to X units, growing by 6.4% on the year before. Total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.4% against 2020 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 35%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, contact lense imports declined dramatically to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 71% against the previous year. As a result, imports attained the peak of $X, and then contracted notably in the following year.

Imports by Country

Brazil prevails in imports structure, amounting to X units, which was near 82% of total imports in 2022. It was distantly followed by Chile (X units), mixing up a 6.4% share of total imports. Colombia (X units), Argentina (X units), Uruguay (X units) and Peru (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to contact lense imports into Brazil stood at +5.6%. At the same time, Uruguay (+11.5%) and Chile (+8.2%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +11.5% from 2012-2022. Colombia experienced a relatively flat trend pattern. By contrast, Peru (-3.9%) and Argentina (-5.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil and Chile increased by +9.4 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported contact lenses in MERCOSUR, comprising 40% of total imports. The second position in the ranking was held by Chile ($X), with an 18% share of total imports. It was followed by Colombia, with a 15% share.

From 2012 to 2022, the average annual growth rate of value in Brazil totaled +1.2%. The remaining importing countries recorded the following average annual rates of imports growth: Chile (+2.2% per year) and Colombia (+0.2% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2022, falling by -25.5% against the previous year. Overall, the import price continues to indicate a noticeable reduction. The growth pace was the most rapid in 2021 when the import price increased by 36% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+4.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform