Israel: Spectacle Glass Lenses Market 2024

Spectacle Glass Lenses Market Size in Israel

After two years of growth, the Israeli spectacle glass lenses market decreased by -5.2% to $X in 2022. Over the period under review, consumption, however, posted a perceptible increase. Spectacle glass lenses consumption peaked at $X in 2021, and then shrank in the following year.

Spectacle Glass Lenses Production in Israel

In value terms, spectacle glass lenses production reached $X in 2022 estimated in export price. Overall, the total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.2% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of 83%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Spectacle Glass Lenses Exports

Exports from Israel

In 2022, after two years of decline, there was significant growth in overseas shipments of spectacle lenses of glass or other materials, when their volume increased by 28% to X units. In general, exports, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2016 with an increase of 37% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, spectacle glass lenses exports rose remarkably to $X in 2022. Over the period under review, exports, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2016 when exports increased by 40%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for spectacle glass lenses exports from Israel, accounting for a 56% share of total exports. Moreover, spectacle glass lenses exports to the United States exceeded the volume sent to the second major destination, Portugal (X units), fourfold. Thailand (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-6.7% per year) and Thailand (-1.2% per year).

In value terms, the United States ($X) remains the key foreign market for spectacle lenses of glass or other materials exports from Israel, comprising 56% of total exports. The second position in the ranking was taken by Portugal ($X), with a 13% share of total exports. It was followed by Thailand, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-5.6% per year) and Thailand (+0.7% per year).

Export Prices by Country

In 2022, the average spectacle glass lenses export price amounted to $X per unit, declining by -10.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2020 when the average export price increased by 16% against the previous year. The export price peaked at $X per unit in 2021, and then contracted in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($X per unit) and Germany ($X per unit), while the average price for exports to Russia ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Glass Lenses Imports

Imports into Israel

After two years of growth, supplies from abroad of spectacle lenses of glass or other materials decreased by -5.2% to X units in 2022. Overall, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +11.3% against 2019 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 45% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, spectacle glass lenses imports shrank to $X in 2022. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +6.0% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 14%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Hungary (X units) and Thailand (X units) were the main suppliers of spectacle glass lenses imports to Israel, with a combined 56% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +40.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Hungary ($X) and Thailand ($X) appeared to be the largest spectacle glass lenses suppliers to Israel, together comprising 56% of total imports.

Hungary, with a CAGR of +40.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average spectacle glass lenses import price amounted to $X per unit, dropping by -4% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 22%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Italy ($X per unit) and China ($X per unit), while the price for France ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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