Report Update Nov 1, 2024

Uruguay - Contact Lenses - Market Analysis, Forecast, Size, Trends and Insights

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Uruguay: Contact Lense Market 2024

Contact Lense Market Size in Uruguay

The Uruguayan contact lense market shrank to $X in 2022, with a decrease of -5.5% against the previous year. In general, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +69.3% against 2012 indices. Over the period under review, the market reached the maximum level at $X in 2021, and then declined in the following year.

Contact Lense Production in Uruguay

In value terms, contact lense production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 4.5% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Contact Lense Exports

Exports from Uruguay

In 2022, overseas shipments of contact lenses were finally on the rise to reach X units after two years of decline. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 3,339%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, contact lense exports soared to $X in 2022. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 5,842% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Colombia (X units) was the main destination for contact lense exports from Uruguay, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Colombia was relatively modest.

In value terms, Colombia ($X) emerged as the key foreign market for contact lenses exports from Uruguay.

From 2012 to 2022, the average annual growth rate of value to Colombia was relatively modest.

Export Prices by Country

The average contact lense export price stood at $X per unit in 2022, picking up by 60% against the previous year. Over the period under review, the export price, however, faced a deep setback. The most prominent rate of growth was recorded in 2020 an increase of 107%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Colombia.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +39.4% per year.

Contact Lense Imports

Imports into Uruguay

Contact lense imports into Uruguay reduced to X units in 2022, with a decrease of -12.2% on the year before. In general, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2019 when imports increased by 55%. Over the period under review, imports reached the peak figure at X units in 2021, and then contracted in the following year.

In value terms, contact lense imports fell markedly to $X in 2022. Overall, imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of 43% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted rapidly in the following year.

Imports by Country

In 2022, the United States (X units) constituted the largest contact lense supplier to Uruguay, accounting for a 72% share of total imports. Moreover, contact lense imports from the United States exceeded the figures recorded by the second-largest supplier, Ireland (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+8.0% per year) and Malaysia (+31.4% per year).

In value terms, the United States ($X) constituted the largest supplier of contact lenses to Uruguay, comprising 61% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+29.6% per year) and Ireland (+2.9% per year).

Import Prices by Country

In 2022, the average contact lense import price amounted to $X per unit, waning by -42.6% against the previous year. Overall, the import price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2013 when the average import price increased by 30%. The import price peaked at $X per unit in 2017; however, from 2018 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 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 (-1.4%), while the prices for the other major suppliers experienced a decline.

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?

The country with the largest volume of contact lense production was South Africa, accounting for 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 Uruguay?

In value terms, the United States constituted the largest supplier of contact lense to Uruguay, comprising 71% of total imports. The second position in the ranking was occupied by Germany, with a 15% share of total imports.

What are the leading importers of contact lenses from Uruguay?

In value terms, Chile $666) remains the key foreign market for contact lense exports from Uruguay, comprising 79% of total exports. The second position in the ranking was occupied by Canada $180), with a 21% share of total exports.

What is the average export price for contact lenses in Uruguay?

In 2021, the average contact lense export price amounted to $1.8 per unit, dropping by -4.1% against the previous year.

What is the average import price for contact lenses in Uruguay?

The average contact lense import price stood at $1.9 per unit in 2021, picking up by 5.8% against the previous year.

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

Uruguay

Data coverage:

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