Oman: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Oman

After two years of decline, the Omani ophthalmic instruments market increased by 42% to $X in 2021. Overall, consumption saw a measured increase. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Ophthalmic Instruments Exports

Exports from Oman

In 2021, overseas shipments of ophthalmic instruments and appliances decreased by -40.7% to X kg, falling for the third consecutive year after five years of growth. In general, exports, however, showed measured growth. The growth pace was the most rapid in 2014 when exports increased by 282%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, ophthalmic instruments exports declined rapidly to $X in 2021. Over the period under review, exports, however, showed a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of 365%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Qatar (X kg), Yemen (X kg) and Italy (X kg) were the main destinations of ophthalmic instruments exports from Oman, together accounting for 90% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +39.5%), while the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X) remains the key foreign market for ophthalmic instruments and appliances exports from Oman, comprising 40% of total exports. The second position in the ranking was taken by Italy ($X), with an 18% share of total exports. It was followed by the UK, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Qatar stood at +15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+40.7% per year) and the UK (+28.1% per year).

Export Prices by Country

The average ophthalmic instruments export price stood at $X per ton in 2021, shrinking by -21.6% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 21% against the previous year. The export price peaked at $X per ton in 2020, and then dropped dramatically in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Ophthalmic Instruments Imports

Imports into Oman

In 2021, overseas purchases of ophthalmic instruments and appliances increased by less than 0.1% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 80%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, ophthalmic instruments imports soared to $X in 2021. In general, imports showed a perceptible expansion. The most prominent rate of growth was recorded in 2015 with an increase of 128% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Qatar (X tons) constituted the largest supplier of ophthalmic instruments to Oman, with a 29% share of total imports. Moreover, ophthalmic instruments imports from Qatar exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. Luxembourg (X kg) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Qatar totaled +77.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-7.1% per year) and Luxembourg (+36.8% per year).

In value terms, Qatar ($X) constituted the largest supplier of ophthalmic instruments and appliances to Oman, comprising 23% of total imports. The second position in the ranking was taken by Luxembourg ($X), with a 7.3% share of total imports. It was followed by the United Arab Emirates, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Qatar amounted to +74.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Luxembourg (+58.3% per year) and the United Arab Emirates (-7.4% per year).

Import Prices by Country

The average ophthalmic instruments import price stood at $X per ton in 2021, jumping by 62% against the previous year. Over the period under review, the import price showed a notable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Turkey ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+24.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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