In 2023, Brazil imported contact lenses worth 17.3 million USD. The forecasted data suggest a steady year-on-year increase in the value of contact lenses imports. From 2024 to 2025, the value is expected to rise by approximately 1.26%, followed by a 1.22% increase from 2025 to 2026, a 1.18% rise from 2026 to 2027, and a 1.14% increase from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is projected at around 1.20%.
Future trends to watch for include:
- Technological advancements in contact lenses that could drive demand.
- Economic conditions in Brazil, including consumer spending power and inflation rates.
- Potential fluctuations in global trade dynamics affecting import costs.
- Competitor activities within the domestic market potentially influencing import volumes.