Singapore - Contact Lenses - Market Analysis, Forecast, Size, Trends and Insights
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View PricingContact Lense Price in Singapore - 2022
Contents:
- Contact Lense Price in Singapore (FOB) - 2022
- Contact Lense Price in Singapore (CIF) - 2022
- Contact Lense Exports in Singapore
- Contact Lense Imports in Singapore
Contact Lense Price in Singapore (FOB) - 2022
The average contact lense export price stood at $5.7 per unit in 2022, with an increase of 9.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($23 per unit), while the average price for exports to Indonesia ($0.6 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 Japan (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.
Contact Lense Price in Singapore (CIF) - 2022
In 2022, the average contact lense import price amounted to $1.9 per unit, dropping by -10.5% against the previous year. Overall, the import price continues to indicate a deep slump. The pace of growth was the most pronounced in 2014 an increase of 7.3%. As a result, import price attained the peak level of $4.6 per unit. From 2015 to 2022, the average import prices remained 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 Germany ($4.2 per unit), while the price for Malaysia ($1.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.1%), while the prices for the other major suppliers experienced a decline.
Contact Lense Exports in Singapore
In 2022, after two years of decline, there was significant growth in overseas shipments of contact lenses, when their volume increased by 28% to 149M units. In general, exports, however, saw a relatively flat trend pattern. The exports peaked at 150M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, contact lense exports soared to $848M in 2022. The total export value increased at an average annual rate of +5.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Contact Lense in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 207 | 268 | 192 | 263 | 8.3% |
| Japan | 203 | 207 | 159 | 227 | 3.8% |
| Germany | 91.5 | 97.7 | 109 | 102 | 3.7% |
| South Korea | 9.9 | 11.2 | 7.3 | 84.6 | 104.4% |
| Malaysia | 82.5 | 54.3 | 52.1 | 73.3 | -3.9% |
| Indonesia | 9.8 | 8.3 | 11.5 | 22.8 | 32.5% |
| China | 35.0 | 20.7 | 18.3 | 18.6 | -19.0% |
| Others | 86.2 | 70.2 | 55.0 | 57.2 | -12.8% |
| Total | 726 | 737 | 605 | 848 | 5.3% |
Top Export Markets for Contact Lense from Singapore in 2022:
- Indonesia (39.3M units)
- Germany (27.9M units)
- Malaysia (21.3M units)
- United States (19.5M units)
- South Korea (15.9M units)
- Japan (9.7M units)
- China (5.9M units)
Contact Lense Imports in Singapore
In 2022, the amount of contact lenses imported into Singapore soared to 183M units, picking up by 32% on the previous year. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +9.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, contact lense imports skyrocketed to $357M in 2022. The total import value increased at an average annual rate of +2.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Contact Lense in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 159 | 123 | 146 | 131 | -6.3% |
| Germany | 6.6 | 4.1 | 18.5 | 77.7 | 127.5% |
| Indonesia | 61.5 | 39.3 | 47.3 | 61.2 | -0.2% |
| United States | 34.6 | 21.5 | 20.7 | 27.2 | -7.7% |
| Ireland | 33.5 | 32.0 | 16.2 | 13.1 | -26.9% |
| Italy | 7.5 | 7.5 | 14.1 | 12.8 | 19.5% |
| South Korea | 3.6 | 3.1 | 2.8 | 7.5 | 27.7% |
| United Kingdom | 10.6 | 8.8 | 8.6 | 6.2 | -16.4% |
| Others | 15.0 | 31.7 | 28.0 | 20.1 | 10.2% |
| Total | 332 | 271 | 302 | 357 | 2.4% |
Top Suppliers of Contact Lense to Singapore in 2022:
- Malaysia (101.8M units)
- Indonesia (29.3M units)
- Germany (18.3M units)
- United States (7.1M units)
- Ireland (6.3M units)
- Italy (6.1M units)
- South Korea (3.4M units)
- United Kingdom (3.0M units)
This report provides an in-depth analysis of the contact lense market in Singapore. 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:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In 2016, the global imports of contact lens totaled X tons, jumping by X% against the previous year figure. Overall, it indicated a strong expansion from 2007 to 2016: the total imports volume i...
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In 2016, the global imports of contact lens totaled X tons, jumping by X% against the previous year figure. Overall, it indicated a strong expansion from 2007 to 2016: the total imports volume i...
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