MENA: Personal Spectacle Optics Market 2024

Personal Spectacle Optics Market Size in MENA

The MENA's personal spectacle optics market declined slightly to $X in 2023, standing approx. at the previous year. Over the period under review, consumption showed a pronounced slump. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2023, consumption stood at a somewhat lower figure.

Personal Spectacle Optics Production in MENA

In value terms, personal spectacle optics production declined slightly to $X in 2023 estimated in export price. In general, production saw a pronounced decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Personal Spectacle Optics Exports

Exports in MENA

For the third consecutive year, MENA recorded decline in shipments abroad of personal spectacle optics, which decreased by X% to X units in 2023. Overall, exports recorded a pronounced slump. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, personal spectacle optics exports reduced sharply to $X in 2023. In general, exports, however, saw a measured increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Turkey represented the largest exporter of personal spectacle optics in MENA, with the volume of exports amounting to X units, which was approx. X% of total exports in 2023. Israel (X units) ranks second in terms of the total exports with a X% share, followed by the United Arab Emirates (X%).

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, Turkey ($X), the United Arab Emirates ($X) and Israel ($X) were the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

Among the main exporting countries, Turkey, with a CAGR of X%, saw 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 2023, almost unchanged from the previous year. Over the period under review, the export price showed a strong increase. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

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

Personal spectacle optics imports shrank to X units in 2023, dropping by X% against 2022 figures. Over the period under review, imports saw a pronounced slump. 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 remained at a somewhat 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 in certain years. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

The United Arab Emirates was the main importing country with an import of around X units, which finished at X% of total imports. Turkey (X units) held 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 little share 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%) and Tunisia (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. Morocco experienced a relatively flat trend pattern. By contrast, Iraq (X%), Turkey (X%) and Israel (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, Turkey ($X), the United Arab Emirates ($X) and Israel ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports.

Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2023, the import price in MENA amounted to $X per unit, picking up by X% against the previous year. In general, the import price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2022 an increase of X%. The level of import peaked at $X per unit in 2019; however, from 2020 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, 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