Middle East: Spectacle Glass Lenses Market 2024

Spectacle Glass Lenses Market Size in the Middle East

The Middle Eastern spectacle glass lenses market rose notably to $X in 2023, surging by X% against the previous year. Overall, consumption recorded prominent growth. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Spectacle Glass Lenses Production in the Middle East

In value terms, spectacle glass lenses production rose rapidly to $X in 2023 estimated in export price. Over the period under review, production recorded a strong expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Spectacle Glass Lenses Exports

Exports in the Middle East

In 2023, shipments abroad of spectacle lenses of glass or other materials increased by X% to X units, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports reached the peak of X units. From 2017 to 2023, the growth of the exports remained at a lower figure.

In value terms, spectacle glass lenses exports skyrocketed to $X in 2023. The total export 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 most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

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

Exports from Israel decreased at an average annual rate of X% from 2012 to 2023. At the same time, the United Arab Emirates (X%) and Turkey (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of the United Arab Emirates and Turkey increased by X and X percentage points, respectively.

In value terms, Israel ($X) remains the largest spectacle glass lenses supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Israel stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Turkey (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2023, jumping by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2022 to 2023, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Israel ($X per unit), while the United Arab Emirates ($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 mixed trends in the export price figures.

Spectacle Glass Lenses Imports

Imports in the Middle East

For the third consecutive year, the Middle East recorded growth in purchases abroad of spectacle lenses of glass or other materials, which increased by X% to X units in 2023. Over the period under review, imports recorded resilient growth. The pace of growth appeared the most rapid in 2022 with an increase of X%. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in years to come.

In value terms, spectacle glass lenses imports rose rapidly 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 throughout the analyzed period. 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. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey was the largest importer of spectacle lenses of glass or other materials in the Middle East, with the volume of imports amounting to X units, which was approx. X% of total imports in 2023. It was distantly followed by the United Arab Emirates (X units), achieving a X% share of total imports. Israel (X units) and Iran (X units) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the spectacle lenses of glass or other materials imports, with a CAGR of X% from 2012 to 2023. At the same time, the United Arab Emirates (X%), Israel (X%) and Iran (X%) displayed positive paces of growth. Turkey (X p.p.) significantly strengthened its position in terms of the total imports, while Iran, Israel and the United Arab Emirates saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

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

Among the main importing countries, the United Arab Emirates, with a CAGR of X%, saw 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

In 2023, the import price in the Middle East amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the import price saw a pronounced downturn. The pace of growth was the most pronounced in 2015 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 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 Israel ($X per unit), while Turkey ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform