Norway: Contact Lense Market 2024

Contact Lense Market Size in Norway

The Norwegian contact lense market shrank slightly to $X in 2022, with a decrease of -3.9% 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). The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then fell in the following year.

Contact Lense Exports

Exports from Norway

In 2022, overseas shipments of contact lenses increased by 63% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 645% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, contact lense exports skyrocketed to $X in 2022. In general, exports saw a strong expansion. The growth pace was the most rapid in 2020 when exports increased by 2,627% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Sweden (X units) was the main destination for contact lense exports from Norway, with a 94% share of total exports. Moreover, contact lense exports to Sweden exceeded the volume sent to the second major destination, Denmark (X units), more than tenfold. Germany (X units) ranked third in terms of total exports with a 1.2% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden amounted to +14.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-0.2% per year) and Germany (+7.4% per year).

In value terms, Sweden ($X) remains the key foreign market for contact lenses exports from Norway, comprising 87% of total exports. The second position in the ranking was held by Germany ($X), with a 7% share of total exports. It was followed by Denmark, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value to Sweden amounted to +13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+20.1% per year) and Denmark (-10.3% per year).

Export Prices by Country

The average contact lense export price stood at $X per unit in 2022, reducing by -4.4% against the previous year. Over the period under review, the export price recorded a pronounced setback. The pace of growth was the most pronounced in 2020 when the average export price increased by 266% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the UK ($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 Germany (+11.9%), while the prices for the other major destinations experienced a decline.

Contact Lense Imports

Imports into Norway

In 2022, approx. X units of contact lenses were imported into Norway; dropping by -1.9% compared with 2021. The total import volume increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 33%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, contact lense imports declined modestly to $X in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 28%. As a result, imports reached the peak of $X, and then reduced modestly in the following year.

Imports by Country

The United States (X units), Germany (X units) and Ireland (X units) were the main suppliers of contact lense imports to Norway, together accounting for 69% of total imports. The UK, Singapore, Hungary, Malaysia and Sweden lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +170.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and the UK ($X) were the largest contact lense suppliers to Norway, together accounting for 66% of total imports. Ireland, Sweden, Singapore, Malaysia and Hungary lagged somewhat behind, together accounting for a further 30%.

Hungary, with a CAGR of +145.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average contact lense import price amounted to $X per unit, falling by -2.9% against the previous year. Overall, the import price saw a perceptible slump. The pace of growth was the most pronounced in 2016 when the average import price increased by 25% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+10.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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