Middle East: Personal Spectacle Optics Market 2024

Personal Spectacle Optics Market Size in the Middle East

The Middle Eastern personal spectacle optics market declined modestly to $X in 2023, remaining relatively unchanged against the previous year. Over the period under review, consumption continues to indicate a noticeable shrinkage. The level of consumption peaked at $X in 2017; however, from 2018 to 2023, consumption failed to regain momentum.

Personal Spectacle Optics Production in the Middle East

In value terms, personal spectacle optics production fell to $X in 2023 estimated in export price. Overall, production recorded a perceptible reduction. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Personal Spectacle Optics Exports

Exports in the Middle East

In 2023, exports of personal spectacle optics in the Middle East shrank rapidly to X units, with a decrease of X% on 2022. Overall, exports continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of export peaked at X units in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, personal spectacle optics exports fell significantly to $X in 2023. Over the period under review, exports, however, enjoyed perceptible growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

Turkey was the main exporter of personal spectacle optics in the Middle East, with the volume of exports resulting at X units, which was approx. X% of total exports in 2023. Israel (X units) held the second position in the ranking, followed by the United Arab Emirates (X units). All these countries together held near 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. From 2012 to 2023, the share of Turkey and the United Arab Emirates increased by X and X percentage points, respectively.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Israel ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Turkey, with a CAGR of X%, saw 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

The export price in the Middle East stood at $X per unit in 2023, remaining relatively unchanged against the previous year. Overall, the export price, however, continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 to 2023, the export prices stood at a somewhat 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 the Middle East

In 2023, approx. X units of personal spectacle optics were imported in the Middle East; which is down by X% against 2022. Over the period under review, imports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, personal spectacle optics imports skyrocketed 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 level of import peaked at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, the United Arab Emirates (X units) was the major importer of personal spectacle optics, constituting X% of total imports. Turkey (X units) ranks second in terms of the total imports with a X% share, followed by Iraq (X%) and Israel (X%). The following importers - Qatar (X units) and Lebanon (X units) - together made up X% of total imports.

Imports into the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2023. At the same time, Qatar (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2023. By contrast, Iraq (X%), Turkey (X%), Israel (X%) and Lebanon (X%) illustrated a downward trend over the same period. Turkey (X p.p.), the United Arab Emirates (X p.p.), Iraq (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 the Middle East were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), together comprising X% of total imports.

In terms of the main importing countries, Turkey, with a CAGR of X%, saw the highest growth rate of 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 2023, jumping by X% against the previous year. In general, the import price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2023, import prices stood at a somewhat lower figure.

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