MENA: Binocular Market 2024

Binocular Market Size in MENA

The MENA's binocular market reduced to $X in 2022, dropping by X% against the previous year. Overall, consumption showed a buoyant expansion. The level of consumption peaked at $X in 2021, and then contracted in the following year.

Binocular Production in MENA

In value terms, binocular production fell to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Binocular Exports

Exports in MENA

In 2022, shipments abroad of binoculars increased by X% to X units, rising for the second consecutive year after four years of decline. Overall, exports, however, recorded a deep contraction. The growth pace was the most rapid in 2021 when exports increased by X%. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, binocular exports contracted slightly to $X in 2022. Over the period under review, exports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the United Arab Emirates (X units), distantly followed by Oman (X units), Iran (X units), Israel (X units) and Turkey (X units) were the largest exporters of binoculars, together making up X% of total exports. The following exporters - Algeria (X units) and Kuwait (X units) - each recorded an X% share of total exports.

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

In value terms, Turkey ($X), Iran ($X) and Israel ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports. The United Arab Emirates, Oman, Algeria and Kuwait lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Kuwait, with a CAGR of X%, recorded the highest growth rate of 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 2022, which is down by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the export prices remained at a somewhat lower figure.

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 Turkey ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced more modest paces of growth.

Binocular Imports

Imports in MENA

Binocular imports soared to X units in 2022, increasing by X% compared with the previous year's figure. In general, imports continue to indicate a modest expansion. The volume of import peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, binocular imports skyrocketed to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates prevails in imports structure, resulting at X units, which was approx. X% of total imports in 2022. Turkey (X units) ranks second in terms of the total imports with a X% share, followed by Kuwait (X%), Israel (X%) and Morocco (X%). Libya (X units) held a relatively small share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Morocco (X%), Kuwait (X%), Libya (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Israel (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Kuwait (X p.p.) and Morocco (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Israel (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Morocco ($X) and Turkey ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Morocco, with a CAGR of X%, recorded 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

In 2022, the import price in MENA amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, import prices reached the maximum at $X per unit in 2019; however, from 2020 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 Morocco ($X per unit), while Libya ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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