Report Update Nov 1, 2024

Egypt - Contact Lenses - Market Analysis, Forecast, Size, Trends and Insights

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Egypt: Contact Lense Market 2024

Contact Lense Market Size in Egypt

The Egyptian contact lense market contracted to $X in 2022, declining by -10.9% 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, consumption, however, saw strong growth. As a result, consumption reached the peak level of $X, and then declined in the following year.

Contact Lense Exports

Exports from Egypt

After two years of decline, shipments abroad of contact lenses increased by 40% to X units in 2022. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2014 when exports increased by 980%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, contact lense exports surged to $X in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 2,068% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kuwait (X units) was the main destination for contact lense exports from Egypt, with a 83% share of total exports. Moreover, contact lense exports to Kuwait exceeded the volume sent to the second major destination, Austria (X units), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Kuwait stood at +52.2%.

In value terms, Kuwait ($X) emerged as the key foreign market for contact lenses exports from Egypt, comprising 75% of total exports. The second position in the ranking was held by Austria ($X), with an 8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Kuwait totaled +54.7%.

Export Prices by Country

In 2022, the average contact lense export price amounted to $X per unit, with an increase of 3.4% against the previous year. Over the period under review, the export price saw resilient growth. The pace of growth appeared the most rapid in 2014 an increase of 101% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per unit), while the average price for exports to Austria amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+15.5%), while the prices for the other major destinations experienced mixed trend patterns.

Contact Lense Imports

Imports into Egypt

After eight years of growth, supplies from abroad of contact lenses decreased by -11.6% to X units in 2022. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 87%. As a result, imports reached the peak of X units, and then reduced in the following year.

In value terms, contact lense imports contracted to $X in 2022. Over the period under review, imports showed a perceptible contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 27% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

South Korea (X units), Italy (X units) and Germany (X units) were the main suppliers of contact lense imports to Egypt, with a combined 90% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +94.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest contact lense suppliers to Egypt were Italy ($X), South Korea ($X) and Germany ($X), with a combined 83% share of total imports.

South Korea, with a CAGR of +29.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average contact lense import price amounted to $X per unit, surging by 5.8% against the previous year. Overall, the import price, however, saw a dramatic slump. The most prominent rate of growth was recorded in 2015 an increase of 14%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+10.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for contact lenses in the world?

The countries with the highest volumes of in 2021 were Japan, South Africa and the UK, with a combined 53% share of global consumption. The United States, Ireland, Italy, Indonesia and Sweden lagged somewhat behind, together comprising a further 21%.

What are the largest producers of contact lenses in the world?

South Africa remains the largest contact lense producing country worldwide, accounting for 37% of total volume. Moreover, contact lense production in South Africa exceeded the figures recorded by the second-largest producer, Ireland, twofold. Belgium ranked third in terms of total production with a 9.4% share.

What are the leading suppliers of contact lenses to Egypt?

In value terms, South Korea, Italy and Germany constituted the largest contact lense suppliers to Egypt, with a combined 71% share of total imports.

What is the average export price for contact lenses in Egypt?

The average contact lense export price stood at $1.8 per unit in 2021, declining by -44.5% against the previous year.

What is the average import price for contact lenses in Egypt?

In 2021, the average contact lense import price amounted to $1.5 per unit, reducing by -5.6% against the previous year.

This report provides an in-depth analysis of the contact lense market in Egypt. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32504130 - Contact lenses

Country coverage:

Egypt

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Egypt
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023