Sep
28
Miacare contact lenses. (Photo courtesy of BenQ Materials)
Taiwan’s Ministry of Economic Affairs reported on Friday that the production value of the local contact lens sector is expected to reach a record NT$11 billion (US$333.57 million) this year.
In the first seven months of the year, the value of production in the sector reached NT$6.4 billion (US$193.4 million), up 12.8% from a year earlier, the ministry said.
Last year, production value increased to NT$9.9 billion (US$299.1 million), almost double the NT$5.1 billion (US$154.1 million) in 2011, according to the ministry.
As a result of the industry’s rapid growth, several local companies have invested in the sector, including Largan Precision, Pegatron and BenQ Materials, a ministry official said.
According to the ministry, the local eyewear industry reached a new high of NT$22.6 billion (US$682.8 million) in value last year, while the contact lens sector accounted for 43.8% of the total.
In addition, exports of Taiwan’s contact lenses reached about NT$156 million (US$4.7 million) in the first eight months of the year, up 18.7% on a year earlier.
Exports to Japan accounted for 70% of total sales, followed by China, which accounted for 10%.
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