Oman: Contact Lense Market 2024

Contact Lense Market Size in Oman

The Omani contact lense market totaled $X in 2022, surging by 11% against the previous year. Overall, consumption enjoyed a prominent increase. Contact lense consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Contact Lense Production in Oman

In value terms, contact lense production rose significantly to $X in 2022 estimated in export price. Overall, production enjoyed a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of 91% against the previous year. Contact lense production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Contact Lense Exports

Exports from Oman

In 2022, overseas shipments of contact lenses increased by 265% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 10,843% against the previous year. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, contact lense exports surged to $X in 2022. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2017 with an increase of 13,989% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Qatar (X units) was the main destination for contact lense exports from Oman, with a 95% share of total exports. Moreover, contact lense exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar amounted to +72.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+60.9% per year) and Saudi Arabia (-42.8% per year).

In value terms, Qatar ($X) remains the key foreign market for contact lenses exports from Oman, comprising 95% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar totaled +88.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+77.7% per year) and Saudi Arabia (-29.4% per year).

Export Prices by Country

In 2022, the average contact lense export price amounted to $X per unit, picking up by 2.6% against the previous year. Overall, the export price recorded a resilient expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 74%. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the average price for exports to Saudi Arabia ($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 Saudi Arabia (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.

Contact Lense Imports

Imports into Oman

After two years of decline, supplies from abroad of contact lenses increased by 37% to X units in 2022. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 366% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, contact lense imports soared to $X in 2022. In general, imports showed a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of 214% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X units), Germany (X units) and Qatar (X units) were the main suppliers of contact lense imports to Oman, together accounting for 16% of total imports. South Korea, Saudi Arabia, Brazil, France and Ireland lagged somewhat behind, together accounting for a further 2.6%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +54.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of contact lenses to Oman, comprising 64% of total imports. The second position in the ranking was taken by Qatar ($X), with a 7.6% share of total imports. It was followed by South Korea, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates totaled +28.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Qatar (+34.9% per year) and South Korea (-2.4% per year).

Import Prices by Country

The average contact lense import price stood at $X per unit in 2022, jumping by 21% against the previous year. Overall, the import price, however, continues to indicate a abrupt decrease. The growth pace was the most rapid in 2018 when the average import price increased by 56%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while the price for Germany ($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 United Arab Emirates (+22.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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