Report Update Nov 1, 2024

New Zealand - Contact Lenses - Market Analysis, Forecast, Size, Trends and Insights

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New Zealand: Contact Lense Market 2024

Contact Lense Market Size in New Zealand

After six years of growth, the New Zealand contact lense market decreased by -40.3% to $X in 2022. Over the period under review, consumption, however, saw a slight increase. Over the period under review, the market reached the peak level at $X in 2021, and then declined rapidly in the following year.

Contact Lense Exports

Exports from New Zealand

In 2022, overseas shipments of contact lenses increased by 7.5% to X units, rising for the second year in a row after two years of decline. Overall, exports, however, recorded a sharp slump. The pace of growth appeared the most rapid in 2015 when exports increased by 74%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, contact lense exports soared to $X in 2022. Over the period under review, exports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2015 with an increase of 111% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa (X units), Singapore (X units) and Australia (X units) were the main destinations of contact lense exports from New Zealand, together accounting for 94% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of +32.2%), while the other leaders experienced mixed trend patterns.

In value terms, Australia ($X) remains the key foreign market for contact lenses exports from New Zealand, comprising 77% of total exports. The second position in the ranking was taken by South Africa ($X), with a 17% share of total exports. It was followed by Singapore, with a 3.3% share.

From 2012 to 2022, the average annual growth rate of value to Australia totaled +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+39.3% per year) and Singapore (-34.1% per year).

Export Prices by Country

The average contact lense export price stood at $X per unit in 2022, growing by 24% against the previous year. Over the period under review, the export price continues to indicate significant growth. The pace of growth was the most pronounced in 2013 an increase of 47%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Singapore ($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 Switzerland (+46.8%), while the prices for the other major destinations experienced more modest paces of growth.

Contact Lense Imports

Imports into New Zealand

In 2022, supplies from abroad of contact lenses decreased by -57.5% to X units, falling for the second consecutive year after five years of growth. Over the period under review, imports saw a noticeable curtailment. The pace of growth was the most pronounced in 2020 with an increase of 61% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, contact lense imports shrank remarkably to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 55% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then declined rapidly in the following year.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of contact lense to New Zealand, accounting for a 57% share of total imports. Moreover, contact lense imports from the United States exceeded the figures recorded by the second-largest supplier, the UK (X units), threefold. The third position in this ranking was taken by Australia (X units), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +29.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-0.7% per year) and Australia (-15.8% per year).

In value terms, Australia ($X) constituted the largest supplier of contact lenses to New Zealand, comprising 41% of total imports. The second position in the ranking was held by the United States ($X), with a 17% share of total imports. It was followed by the UK, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Australia totaled +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.8% per year) and the UK (-3.9% per year).

Import Prices by Country

The average contact lense import price stood at $X per unit in 2022, increasing by 73% against the previous year. Over the period under review, the import price saw a measured increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+30.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for contact lenses in the world?

The countries with the highest volumes of in 2021 were Japan, South Africa and the UK, with a combined 53% share of global consumption. These countries were followed by the United States, Ireland, Italy, Indonesia and Sweden, which together accounted for a further 21%.

What are the largest producers of contact lenses in the world?

South Africa remains the largest contact lense producing country worldwide, comprising approx. 37% of total volume. Moreover, contact lense production in South Africa exceeded the figures recorded by the second-largest producer, Ireland, twofold. The third position in this ranking was occupied by Belgium, with a 9.4% share.

What are the leading suppliers of contact lenses to New Zealand?

In value terms, the largest contact lense suppliers to New Zealand were Australia, the United States and the UK, with a combined 66% share of total imports. Ireland, Germany, Singapore and Malaysia lagged somewhat behind, together comprising a further 26%.

What are the leading importers of contact lenses from New Zealand?

In value terms, Australia remains the key foreign market for contact lense exports from New Zealand, comprising 80% of total exports. The second position in the ranking was occupied by South Africa, with a 16% share of total exports.

What is the average export price for contact lenses in New Zealand?

In 2021, the average contact lense export price amounted to $1.7 per unit, falling by -48.8% against the previous year.

What is the average import price for contact lenses in New Zealand?

In 2021, the average contact lense import price amounted to $1.5 per unit, rising by 10% against the previous year.

This report provides an in-depth analysis of the contact lense market in New Zealand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32504130 - Contact lenses

Country coverage:

New Zealand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in New Zealand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023