Peru: Contact Lense Market 2024

Contact Lense Market Size in Peru

The Peruvian contact lense market reduced to $X in 2022, with a decrease of -3.8% 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, consumption saw a slight contraction. Contact lense consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Contact Lense Exports

Exports from Peru

In 2022, contact lense exports from Peru skyrocketed to X units, with an increase of 45% against the previous year's figure. Overall, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of 3,430% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, contact lense exports surged to $X in 2022. In general, exports recorded a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of 3,125%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Ecuador (X units), the Netherlands (X units) and Chile (X units) were the main destinations of contact lense exports from Peru, with a combined 97% share 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 the Netherlands (with a CAGR of +52.0%), while the other leaders experienced a decline.

In value terms, Ecuador ($X) emerged as the key foreign market for contact lenses exports from Peru, comprising 35% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Ecuador totaled +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+39.6% per year) and Chile (-34.3% per year).

Export Prices by Country

In 2022, the average contact lense export price amounted to $X per unit, with a decrease of -4.4% against the previous year. In general, the export price, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2020 an increase of 201%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per unit), while the average price for exports to Chile ($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 Ecuador (+17.8%), while the prices for the other major destinations experienced a decline.

Contact Lense Imports

Imports into Peru

After three years of growth, purchases abroad of contact lenses decreased by -2.2% to X units in 2022. Overall, imports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by 53% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, contact lense imports shrank to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 68%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of contact lense to Peru, accounting for a 43% share of total imports. Moreover, contact lense imports from the United States exceeded the figures recorded by the second-largest supplier, Ireland (X units), sixfold. Indonesia (X units) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to -7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (-10.4% per year) and Indonesia (-6.2% per year).

In value terms, the United States ($X) constituted the largest supplier of contact lenses to Peru, comprising 29% of total imports. The second position in the ranking was held by Malaysia ($X), with an 11% share of total imports. It was followed by the Netherlands, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at -7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+22.3% per year) and the Netherlands (+15.2% per year).

Import Prices by Country

In 2022, the average contact lense import price amounted to $X per unit, reducing by -2% against the previous year. In general, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, contact lense import price increased by +1.8% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 41% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 Malaysia ($X per unit), while the price for Ireland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :