In 2023, the re-import of contact lenses to the UK stood at £16.5 million. From 2024, forecasted data suggest a steady increase from £16.98 million to £19.158 million by 2028. Year-on-year growth from 2024 to 2025 is projected at 3.3%, from 2025 to 2026 at 3.1%, and from 2026 to 2027 at 3.0%. The compound annual growth rate (CAGR) over the five-year forecast is 2.7%, indicating a consistent upward trajectory.
Future trends to watch:
- Advancements in lens technology potentially driving demand and re-importation.
- Influence of EU-UK trade agreements following Brexit affecting import/export dynamics.
- Increased global competition and production innovations lowering costs and boosting imports.
