Spain: Contact Lense Market 2024

Contact Lense Market Size in Spain

In 2022, the Spanish contact lense market increased by 18% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Contact lense consumption peaked in 2022 and is expected to retain growth in the immediate term.

Contact Lense Production in Spain

In value terms, contact lense production expanded rapidly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Contact Lense Exports

Exports from Spain

In 2022, the amount of contact lenses exported from Spain declined modestly to X units, flattening at the year before. In general, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by 57%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, contact lense exports reduced to $X in 2022. Overall, total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 +1.4% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 25%. Over the period under review, the exports attained the peak figure at $X in 2021, and then shrank in the following year.

Exports by Country

Portugal (X units) was the main destination for contact lense exports from Spain, accounting for a 87% share of total exports. It was followed by Germany (X units), with a 2.2% share of total exports. The third position in this ranking was taken by France (X units), with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Portugal amounted to +16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+1.7% per year) and France (-3.6% per year).

In value terms, Portugal ($X) remains the key foreign market for contact lenses exports from Spain, comprising 47% of total exports. The second position in the ranking was taken by France ($X), with a 7.7% share of total exports. It was followed by Germany, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Portugal amounted to +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-5.0% per year) and Germany (+4.7% per year).

Export Prices by Country

In 2022, the average contact lense export price amounted to $X per unit, reducing by -10.7% against the previous year. In general, the export price saw a abrupt downturn. The growth pace was the most rapid in 2019 when the average export price increased by 11%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Portugal ($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 Andorra (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Contact Lense Imports

Imports into Spain

In 2022, approx. X units of contact lenses were imported into Spain; picking up by 31% against 2021. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +7.9% 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 +48.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, contact lense imports expanded remarkably to $X in 2022. The total import value increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 27% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

The UK (X units), Germany (X units) and the United States (X units) were the main suppliers of contact lense imports to Spain, together accounting for 71% of total imports. The Czech Republic, Malaysia, Belgium and Singapore lagged somewhat behind, together accounting for a further 9.1%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +101.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of contact lenses to Spain, comprising 33% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by the United States, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from the UK totaled -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+23.7% per year) and the United States (+10.9% per year).

Import Prices by Country

In 2022, the average contact lense import price amounted to $X per unit, dropping by -14.8% against the previous year. Over the period under review, the import price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by 12%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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