Report Update Nov 1, 2024

Puerto Rico - Contact Lenses - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Contact Lense Market 2024

Contact Lense Market Size in Puerto Rico

The Puerto Rican contact lense market rose significantly to $X in 2021, growing by 12% against the previous year. Over the period under review, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -10.0% against 2019 indices. Puerto Rico consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Contact Lense Production in Puerto Rico

In value terms, contact lense production expanded sharply to $X in 2021 estimated in export price. Over the period under review, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -10.3% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 81%. Puerto Rico production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Contact Lense Exports

Exports by Country

The biggest shipments were from Ireland (X units), Taiwan (Chinese) (X units), the UK (X units), Belgium (X units), the United States (X units) and Germany (X units), together accounting for 76% of total export. Hungary (X units), Malaysia (X units), South Korea (X units), Singapore (X units) and Costa Rica (X units) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belgium (with a CAGR of +26.0%), while the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), Germany ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2021, with a combined 51% share of total exports. The UK, Singapore, Taiwan (Chinese), Belgium, South Korea, Malaysia, Hungary and Costa Rica lagged somewhat behind, together accounting for a further 36%.

In terms of the main exporting countries, Taiwan (Chinese), with a CAGR of +16.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Contact Lense Imports

Imports by Country

Japan represented the key importer of contact lenses in the world, with the volume of imports accounting for X units, which was near 33% of total imports in 2021. China (X units) ranks second in terms of the total imports with a 12% share, followed by the United States (9.1%), the UK (7.1%) and Germany (6.5%). Belgium (X units), Sweden (X units), Italy (X units), Taiwan (Chinese) (X units), the Netherlands (X units), Singapore (X units), Russia (X units) and France (X units) held a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to contact lense imports into Japan stood at +5.8%. At the same time, Sweden (+26.8%), China (+24.6%), Taiwan (Chinese) (+15.4%), Belgium (+11.8%), Germany (+9.7%), the Netherlands (+8.4%), the United States (+8.1%), France (+5.6%) and Russia (+4.1%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing importer imported in the world, with a CAGR of +26.8% from 2012-2021. Italy and the UK experienced a relatively flat trend pattern. By contrast, Singapore (-3.7%) illustrated a downward trend over the same period. China (+9.4 p.p.) and Sweden (+2.5 p.p.) significantly strengthened its position in terms of the global imports, while Italy, Japan, Singapore and the UK saw its share reduced by -2.1%, -2.3%, -2.8% and -6.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), the United States ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2021, with a combined 42% share of total imports. China, the UK, the Netherlands, Italy, Singapore, France, Russia, Belgium, Sweden and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 32%.

China, with a CAGR of +24.5%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders 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. The United States, Ireland, Italy, Indonesia and Sweden lagged somewhat behind, together accounting 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 Puerto Rico?

In value terms, the largest contact lense importing markets into Puerto Rico were Japan, the United States and Germany, with a combined 42% share of total imports. These countries were followed by China, the UK, Italy, Singapore, the Netherlands, Russia, Belgium, Taiwan Chinese) and Sweden, which together accounted for a further 29%.

What are the leading importers of contact lenses from Puerto Rico?

In value terms, Ireland, Germany and the United States appeared to be the countries with the highest levels of exports in 2021, with a combined 50% share of total exports. These countries were followed by the UK, Taiwan Chinese), Belgium and South Africa, which together accounted for a further 19%.

What is the average export price for contact lenses in Puerto Rico?

The export price in Puerto Rico stood at less than $0.1 per thousand units in 2021, remaining stable against the previous year.

What is the average import price for contact lenses in Puerto Rico?

The import price in Puerto Rico stood at less than $0.1 per thousand units in 2021, flattening at the previous year.

This report provides an in-depth analysis of the contact lense market in Puerto Rico. 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:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
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