Middle East: Contact Lense Market 2024

Contact Lense Market Size in the Middle East

The Middle Eastern contact lense market expanded rapidly to $X in 2022, surging by X% against the previous year. Over the period under review, consumption recorded a prominent increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Contact Lense Production in the Middle East

In value terms, contact lense production expanded markedly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Contact Lense Exports

Exports in the Middle East

In 2022, after two years of growth, there was decline in overseas shipments of contact lenses, when their volume decreased by X% to X units. Overall, exports continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, contact lense exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Turkey (X units) and Israel (X units) represented the key exporters of contact lenses in the Middle East, together reaching approx. X% of total exports. The United Arab Emirates (X units) ranks next in terms of the total exports with a X% share, followed by Iran (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest contact lense supplying countries in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Israel ($X), with a combined X% share of total exports.

The United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price posted a buoyant expansion. The growth pace was the most rapid in 2013 an increase of X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Iran ($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 (X%), while the other leaders experienced more modest paces of growth.

Contact Lense Imports

Imports in the Middle East

In 2022, the amount of contact lenses imported in the Middle East rose slightly to X units, growing by X% on 2021. Total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, contact lense imports reduced to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates was the main importer of contact lenses in the Middle East, with the volume of imports accounting for X units, which was near X% of total imports in 2022. Turkey (X units) held the second position in the ranking, followed by Israel (X units). All these countries together held near X% share of total imports. Iraq (X units) and Kuwait (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to contact lense imports into the United Arab Emirates stood at X%. At the same time, Turkey (X%), Iraq (X%) and Israel (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Kuwait experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United Arab Emirates, Turkey and Kuwait increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest contact lense importing markets in the Middle East were the United Arab Emirates ($X), Israel ($X) and Turkey ($X), together comprising X% of total imports.

In terms of the main importing countries, Israel, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, which is down by X% against the previous year. In general, the import price showed a abrupt contraction. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kuwait ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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