Thailand - Contact Lenses - Market Analysis, Forecast, Size, Trends and Insights
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View PricingContact Lense Price in Thailand - 2023
Contents:
- Contact Lense Price in Thailand (CIF) - 2023
- Contact Lense Price in Thailand (FOB) - 2022
- Contact Lense Imports in Thailand
- Contact Lense Exports in Thailand
Contact Lense Price in Thailand (CIF) - 2023
In September 2023, the average contact lense import price amounted to $424 per thousand units, surging by 9.2% against the previous month. Over the period under review, the import price, however, saw a slight descent. The growth pace was the most rapid in June 2023 an increase of 75% m-o-m. As a result, import price reached the peak level of $0.6 per unit. From July 2023 to September 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($2.7 per unit), while the price for South Korea ($287 per thousand units) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+18.0%), while the prices for the other major suppliers experienced a decline.
Contact Lense Price in Thailand (FOB) - 2022
The average contact lense export price stood at $6.9 per unit in 2022, shrinking by -4.4% against the previous year. Overall, the export price, however, continues to indicate a noticeable increase. The most prominent rate of growth was recorded in 2014 an increase of 177%. Over the period under review, the average export prices hit record highs at $12 per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($12 per unit), while the average price for exports to Israel ($0.4 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 South Korea (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.
Contact Lense Imports in Thailand
For the fourth consecutive year, Thailand recorded growth in supplies from abroad of contact lenses, which increased by 45% to 61M units in 2022. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, contact lense imports soared to $32M in 2022. Over the period under review, imports, however, continue to indicate a perceptible reduction. Imports peaked at $36M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of Contact Lense in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 4.4 | 6.6 | 7.9 | 13.6 | 45.7% |
Ireland | 11.6 | 11.7 | 11.1 | 12.4 | 2.2% |
United States | 3.0 | 4.7 | 5.1 | 3.7 | 7.2% |
Myanmar | 14.8 | N/A | N/A | N/A | 0% |
Others | 2.3 | 1.4 | 1.0 | 2.2 | -1.5% |
Total | 36.1 | 24.4 | 25.1 | 31.9 | -4.0% |
Top Suppliers of Contact Lense to Thailand in 2022:
- South Korea (35.8M units)
- Ireland (17.4M units)
- United States (6.1M units)
Contact Lense Exports in Thailand
In 2022, overseas shipments of contact lenses decreased by -7.9% to 2.2M units, falling for the second year in a row after two years of growth. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 143% against the previous year. As a result, the exports attained the peak of 2.6M units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, contact lense exports contracted to $16M in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 63% against the previous year. The exports peaked at $18M in 2021, and then declined in the following year.
Export of Contact Lense in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | N/A | 2.6 | 7.3 | 8.7 | 82.9% |
Singapore | 2.7 | 2.7 | 4.1 | 4.1 | 14.9% |
Hong Kong SAR | 2.5 | 3.4 | 1.1 | 1.1 | -23.9% |
United States | 3.2 | 4.6 | 4.1 | 0.6 | -42.8% |
United Kingdom | N/A | N/A | N/A | 0.4 | 0% |
United Arab Emirates | N/A | 0.1 | 0.3 | 0.1 | 0.0% |
Indonesia | 0.1 | 0.1 | N/A | N/A | 0.0% |
Israel | N/A | N/A | N/A | N/A | 0% |
Others | 0.3 | 0.8 | 0.7 | 0.4 | 10.1% |
Total | 8.7 | 14.2 | 17.6 | 15.5 | 21.2% |
Top Export Markets for Contact Lense from Thailand in 2022:
- Japan (1498.8K units)
- Singapore (339.8K units)
- Hong Kong SAR (139.9K units)
- United Kingdom (64.8K units)
- Israel (56.4K units)
- United Arab Emirates (45.9K units)
- Indonesia (11.2K units)
- United States (6.4K units)
This report provides an in-depth analysis of the contact lense market in Thailand. 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:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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
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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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