Contact Lens Market Overview in Croatia
In value terms, contact lens production expanded rapidly to $ in 2019 estimated in export prices. In general, the total production indicated prominent growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2016 indices. The pace of growth appeared the most rapid in 2008 when the production volume increased by % y-o-y. Over the period under review, production reached the maximum level at $ in 2009; however, from 2010 to 2019, production stood at a somewhat lower figure.
The value of the contact lens market in Croatia expanded notably to $ in 2019, with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a prominent expansion. The growth pace was the most rapid in 2017 with an increase of % year-to-year. Over the period under review, the market attained the peak level in 2019 and is expected to retain growth in years to come.