Contact Lens Market Overview in Croatia
In value terms, contact lens production amounted to $ in 2018 estimated in export prices. In general, the total output indicated prominent growth from 2007 to 2018: its value increased at an average annual rate of +% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, contact lens production increased by +% against 2016 indices. The most prominent rate of growth was recorded in 2008 when production volume increased by % y-o-y. Over the period under review, contact lens production hit record highs at $ in 2009; however, from 2010 to 2018, production remained at a lower figure.
The revenue of the contact lens market in Croatia amounted to $ in 2018, growing by % 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). Over the period under review, contact lens consumption, however, continues to indicate remarkable growth. The pace of growth was the most pronounced in 2017 when the market value increased by % year-to-year. Over the period under review, the contact lens market attained its maximum level in 2018 and is likely to continue its growth in the immediate term.