Nigeria - Contact Lenses - Market Analysis, Forecast, Size, Trends and Insights
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View PricingContact Lense Price in Nigeria - 2022
Contents:
- Contact Lense Price in Nigeria (CIF) - 2022
- Contact Lense Price in Nigeria (FOB) - 2022
- Contact Lense Imports in Nigeria
- Contact Lense Exports in Nigeria
Contact Lense Price in Nigeria (CIF) - 2022
The average contact lense import price stood at $0.9 per unit in 2022, with an increase of 14% against the previous year. Overall, the import price, however, recorded a abrupt slump. Over the period under review, average import prices reached the peak figure at $6.2 per unit in 2013; however, from 2014 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 the UK ($1.7 per unit), while the price for Germany ($0.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+2.3%), while the prices for the other major suppliers experienced a decline.
Contact Lense Price in Nigeria (FOB) - 2022
In 2022, the average contact lense export price amounted to $29 per unit, jumping by 44% against the previous year. In general, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +8.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, contact lense export price increased by +91.9% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 52% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.
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 Ireland ($145 per unit), while the average price for exports to Botswana ($1 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 Canada (+400.0%), while the prices for the other major destinations experienced more modest paces of growth.
Contact Lense Imports in Nigeria
For the fourth consecutive year, Nigeria recorded growth in overseas purchases of contact lenses, which increased by 31% to 137K units in 2022. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 114%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, contact lense imports soared to $130K in 2022. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Contact Lense in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.5 | 1.0 | 11.0 | 30.8 | 294.9% |
| South Korea | 1.3 | 5.8 | 2.0 | 25.9 | 171.1% |
| Israel | 2.8 | 8.9 | 7.8 | 22.1 | 99.1% |
| Germany | 0.3 | 5.0 | 0.8 | 11.0 | 232.2% |
| United States | 13.0 | 3.1 | 3.7 | 5.5 | -24.9% |
| Ghana | 11.6 | 13.1 | 8.7 | 5.4 | -22.5% |
| United Kingdom | 4.2 | 10.7 | 4.3 | 4.7 | 3.8% |
| Belgium | 2.2 | 0.2 | 2.6 | 2.0 | -3.1% |
| India | 3.6 | 4.1 | 6.6 | 1.4 | -27.0% |
| Others | 24.0 | 14.1 | 39.3 | 21.0 | -4.4% |
| Total | 63.5 | 66.0 | 86.7 | 130 | 27.0% |
Top Suppliers of Contact Lense to Nigeria in 2022:
- China (31.2K units)
- Germany (30.0K units)
- South Korea (26.0K units)
- Israel (22.3K units)
- United States (5.6K units)
- Ghana (5.4K units)
- United Kingdom (2.7K units)
- Belgium (2.0K units)
- India (1.1K units)
Contact Lense Exports in Nigeria
In 2022, the amount of contact lenses exported from Nigeria soared to 51 units, jumping by 89% against the previous year. Overall, exports saw significant growth. The growth pace was the most rapid in 2020 with an increase of 456% against the previous year. As a result, the exports attained the peak of 89 units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, contact lense exports surged to $1.5K in 2022. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 747% against the previous year. As a result, the exports reached the peak of $2.4K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Contact Lense in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 230 | 2,170 | 399 | 944 | 60.1% |
| Ireland | 3.0 | 3.0 | 31.0 | 145 | 264.3% |
| Cyprus | N/A | N/A | N/A | 83.0 | 0% |
| France | 8.0 | 69.0 | 11.0 | 23.0 | 42.2% |
| South Korea | 7.0 | 51.0 | 7.0 | 10.0 | 12.6% |
| Canada | N/A | N/A | 1.0 | 5.0 | 400.0% |
| Netherlands | 5.0 | 32.0 | 4.0 | 4.0 | -7.2% |
| Botswana | 1.0 | 1.0 | 1.0 | 1.0 | 0.0% |
| Others | 32.0 | 97.0 | 92.0 | 267 | 102.8% |
| Total | 286 | 2,423 | 546 | 1,482 | 73.0% |
Top Export Markets for Contact Lense from Nigeria in 2022:
- Cote d'Ivoire (36.0 units)
- Cyprus (2.0 units)
- Canada (1.0 units)
- Netherlands (1.0 units)
- France (1.0 units)
- Ireland (1.0 units)
- South Korea (1.0 units)
- Botswana (1.0 units)
This report provides an in-depth analysis of the contact lense market in Nigeria. 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:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- 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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Global contact lenses consumption showed steady growth, rising from X billion units in 2007 to X billion units in 2015.
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