Turkey: Contact Lense Market 2024

Contact Lense Market Size in Turkey

The Turkish contact lense market expanded to $X in 2022, picking up by 2.1% against the previous year. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Contact Lense Production in Turkey

In value terms, contact lense production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% 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 2014 when the production volume increased by 29%. Contact lense production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Contact Lense Exports

Exports from Turkey

In 2022, shipments abroad of contact lenses increased by 8% to X units, rising for the third consecutive year after two years of decline. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 123%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, contact lense exports contracted to $X in 2022. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2013 with an increase of 117%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Belarus (X units), Lithuania (X units) and the UK (X units) were the main destinations of contact lense exports from Turkey, with a combined 48% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of +127.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Hong Kong SAR ($X) and Belarus ($X) constituted the largest markets for contact lense exported from Turkey worldwide, together accounting for 48% of total exports.

Belarus, with a CAGR of +114.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average contact lense export price amounted to $X per unit, with a decrease of -18.4% against the previous year. Over the period under review, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 20% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Lithuania ($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 Singapore (+1.3%), while the prices for the other major destinations experienced a decline.

Contact Lense Imports

Imports into Turkey

In 2022, approx. X units of contact lenses were imported into Turkey; picking up by 7% compared with the previous year's figure. Overall, imports showed a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 71% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, contact lense imports reduced to $X in 2022. The total import value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when imports increased by 17% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Malaysia (X units), the United States (X units) and Ireland (X units) were the main suppliers of contact lense imports to Turkey, together comprising 70% of total imports. Singapore, the UK, South Korea, Germany and Indonesia lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +45.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), Malaysia ($X) and the United States ($X) were the largest contact lense suppliers to Turkey, with a combined 79% share of total imports. South Korea, the UK, Indonesia, Singapore and Germany lagged somewhat behind, together comprising a further 20%.

Among the main suppliers, South Korea, with a CAGR of +18.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average contact lense import price stood at $X per unit in 2022, reducing by -15.9% against the previous year. Overall, the import price saw a abrupt decline. The growth pace was the most rapid in 2013 an increase of 19% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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