Kenya: Contact Lense Market 2024

Contact Lense Market Size in Kenya

The Kenyan contact lense market declined to $X in 2022, with a decrease of -4.6% against the previous year. Over the period under review, consumption, however, saw resilient growth. Contact lense consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Contact Lense Production in Kenya

In value terms, contact lense production shrank to $X in 2022 estimated in export price. Overall, production, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of 56% against the previous year. Contact lense production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Contact Lense Exports

Exports from Kenya

In 2022, the amount of contact lenses exported from Kenya fell remarkably to X units, with a decrease of -61.8% against the previous year. Overall, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of 1,532%. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, contact lense exports shrank to $X in 2022. In general, exports saw a pronounced decline. The most prominent rate of growth was recorded in 2013 when exports increased by 1,509%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X units) was the main destination for contact lense exports from Kenya, with a 89% share of total exports. Moreover, contact lense exports to Norway exceeded the volume sent to the second major destination, Tanzania (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway stood at -5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (-7.8% per year) and Rwanda (-45.0% per year).

In value terms, the largest markets for contact lense exported from Kenya were Tanzania ($X), Norway ($X) and Rwanda ($X), with a combined 98% share of total exports.

Among the main countries of destination, Tanzania, with a CAGR of +36.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average contact lense export price amounted to $X per unit, jumping by 147% against the previous year. Overall, the export price continues to indicate buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($X per unit), while the average price for exports to Rwanda ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+48.4%), while the prices for the other major destinations experienced mixed trend patterns.

Contact Lense Imports

Imports into Kenya

In 2022, purchases abroad of contact lenses decreased by -14.9% to X units, falling for the second year in a row after three years of growth. Over the period under review, imports, however, continue to indicate a tangible increase. The most prominent rate of growth was recorded in 2016 when imports increased by 88%. Over the period under review, imports attained the peak figure at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, contact lense imports shrank to $X in 2022. In general, imports, however, posted a slight increase. The most prominent rate of growth was recorded in 2018 with an increase of 109% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of contact lense to Kenya, accounting for a 22% share of total imports. Moreover, contact lense imports from Germany exceeded the figures recorded by the second-largest supplier, India (X units), fourfold. The third position in this ranking was held by Singapore (X units), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-11.9% per year) and Singapore (-0.5% per year).

In value terms, Germany ($X) constituted the largest supplier of contact lenses to Kenya, comprising 34% of total imports. The second position in the ranking was held by the UK ($X), with a 6.4% share of total imports. It was followed by Taiwan (Chinese), with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-3.6% per year) and Taiwan (Chinese) (-7.5% per year).

Import Prices by Country

The average contact lense import price stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. In general, the import price, however, showed a perceptible decrease. The pace of growth was the most pronounced in 2021 when the average import price increased by 59%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a 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 Taiwan (Chinese) ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+62.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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