Middle East: Objective Lens Market 2024

Objective Lens Market Size in the Middle East

In 2023, the Middle Eastern objective lens market was finally on the rise to reach $X after two years of decline. In general, consumption, however, showed a abrupt contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Objective Lens Production in the Middle East

In value terms, objective lens production fell to $X in 2023 estimated in export price. Overall, production continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Objective Lens Exports

Exports in the Middle East

In 2023, overseas shipments of objective lenses for cameras, projectors or photographic enlargers or reducers increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports continue to indicate a slight increase. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2023, the growth of the exports remained at a lower figure.

In value terms, objective lens exports reduced modestly to $X in 2023. Overall, exports saw resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The level of export peaked at $X in 2022, and then reduced modestly in the following year.

Exports by Country

The United Arab Emirates represented the major exporting country with an export of around X units, which reached X% of total exports. It was distantly followed by Turkey (X units) and Israel (X units), together constituting a X% share of total exports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of objective lenses for cameras, projectors or photographic enlargers or reducers. At the same time, Turkey (X%) and Israel (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. Turkey (X p.p.) and Israel (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2023, respectively.

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

In the United Arab Emirates, objective lens exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Israel (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, declining by X% against the previous year. Overall, the export price, however, saw a resilient expansion. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, the export prices reached the maximum at $X per unit in 2022, and then reduced slightly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, 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 the United Arab Emirates (X%), while the other leaders experienced mixed trends in the export price figures.

Objective Lens Imports

Imports in the Middle East

In 2023, overseas purchases of objective lenses for cameras, projectors or photographic enlargers or reducers were finally on the rise to reach X units after two years of decline. Total imports indicated modest growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, objective lens imports amounted to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, the United Arab Emirates (X units) and Turkey (X units) were the main importers of objective lenses for cameras, projectors or photographic enlargers or reducers in the Middle East, together recording approx. X% of total imports. Israel (X units) took the next position in the ranking, followed by Iraq (X units). All these countries together held near X% share of total imports. Kuwait (X units) and Bahrain (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bahrain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported objective lenses for cameras, projectors or photographic enlargers or reducers in the Middle East, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Israel, with a X% share.

In the United Arab Emirates, objective lens imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Israel (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2023, waning by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per unit in 2022, and then shrank in the following year.

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

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

Source: IndexBox Platform