MENA: Personal Spectacle Optics Market 2024

Personal Spectacle Optics Market Size in MENA

The MENA's personal spectacle optics market declined to $X in 2023, which is down by X% against the previous year. In general, consumption showed a perceptible contraction. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.

Personal Spectacle Optics Production in MENA

In value terms, personal spectacle optics production shrank modestly to $X in 2023 estimated in export price. Overall, production continues to indicate a noticeable contraction. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Personal Spectacle Optics Exports

Exports in MENA

Personal spectacle optics exports declined notably to X units in 2023, waning by X% compared with the year before. Over the period under review, exports saw a pronounced slump. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, personal spectacle optics exports shrank remarkably to $X in 2023. Overall, exports, however, showed a pronounced increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

Turkey represented the main exporting country with an export of about X units, which amounted to X% of total exports. It was distantly followed by Israel (X units) and the United Arab Emirates (X units), together comprising a X% share of total exports.

Turkey was also the fastest-growing in terms of the personal spectacle optics exports, with a CAGR of X% from 2012 to 2023. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. By contrast, Israel (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Israel (X p.p.) displayed negative dynamics.

In value terms, the largest personal spectacle optics supplying countries in MENA were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), together accounting for X% of total exports.

Among the main exporting countries, Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per unit in 2023, remaining constant against the previous year. Overall, the export price, however, showed a strong increase. The pace of growth was the most pronounced in 2016 when the export price increased by X%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced more modest paces of growth.

Personal Spectacle Optics Imports

Imports in MENA

In 2023, personal spectacle optics imports in MENA declined to X units, which is down by X% against the previous year's figure. Over the period under review, imports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, personal spectacle optics imports surged to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates represented the largest importing country with an import of about X units, which resulted at X% of total imports. Turkey (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Iraq (X%) and Israel (X%). Qatar (X units), Morocco (X units) and Tunisia (X units) held a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to personal spectacle optics imports into the United Arab Emirates stood at X%. At the same time, Qatar (X%), Tunisia (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. By contrast, Iraq (X%), Turkey (X%) and Israel (X%) illustrated a downward trend over the same period. Turkey (X p.p.), Iraq (X p.p.), the United Arab Emirates (X p.p.) and Qatar (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest personal spectacle optics importing markets in MENA were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), with a combined X% share of total imports.

Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries 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 MENA stood at $X per unit in 2023, surging by X% against the previous year. Over the period under review, the import price enjoyed buoyant growth. The growth pace was the most rapid in 2022 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per unit), while Iraq ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform