Report Update Nov 1, 2024

Kuwait - Spectacle Lenses of Glass or Other Materials - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Spectacle Glass Lenses Market 2024

Spectacle Glass Lenses Market Size in Kuwait

In 2022, the Kuwaiti spectacle glass lenses market decreased by -13.2% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then declined in the following year.

Spectacle Glass Lenses Exports

Exports from Kuwait

After two years of growth, overseas shipments of spectacle lenses of glass or other materials decreased by -15.5% to X units in 2022. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 341% against the previous year. Over the period under review, the exports attained the maximum at X units in 2021, and then reduced sharply in the following year.

In value terms, spectacle glass lenses exports reduced sharply to $X in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 330% against the previous year. The exports peaked at $X in 2021, and then shrank significantly in the following year.

Exports by Country

The Philippines (X units) was the main destination for spectacle glass lenses exports from Kuwait, with a 75% share of total exports. Moreover, spectacle glass lenses exports to the Philippines exceeded the volume sent to the second major destination, Iraq (X units), more than tenfold. The third position in this ranking was taken by Germany (X units), with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Philippines was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+43.3% per year) and Germany (+75.5% per year).

In value terms, the Philippines ($X) emerged as the key foreign market for spectacle lenses of glass or other materials exports from Kuwait, comprising 57% of total exports. The second position in the ranking was taken by Germany ($X), with a 14% share of total exports. It was followed by Iraq, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Philippines was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+99.0% per year) and Iraq (+34.4% per year).

Export Prices by Country

In 2022, the average spectacle glass lenses export price amounted to $X per unit, which is down by -5.9% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 114%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Jordan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+53.6%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Glass Lenses Imports

Imports into Kuwait

In value terms, spectacle glass lenses imports shrank to $X in 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 95%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In value terms, China ($X) constituted the largest supplier of spectacle lenses of glass or other materials to Kuwait, comprising 54% of total imports. The second position in the ranking was taken by the Philippines ($X), with a 13% share of total imports. It was followed by Japan, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+52.6% per year) and Japan (+0.5% per year).

Import Prices by Country

The average spectacle glass lenses import price stood at $X per unit in 2022, falling by -4.7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 40%. Over the period under review, average import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for spectacle lenses of glass or other materials in the world?

South Africa constituted the country with the largest volume of spectacle glass lenses consumption, accounting for 86% of total volume. It was followed by China, with a 2% share of total consumption.

What are the largest producers of spectacle lenses of glass or other materials in the world?

China remains the largest spectacle glass lenses producing country worldwide, comprising approx. 23% of total volume. Moreover, spectacle glass lenses production in China exceeded the figures recorded by the second-largest producer, India, twofold. The Philippines ranked third in terms of total production with a 6.8% share.

What are the leading suppliers of spectacle lenses of glass or other materials to Kuwait?

In value terms, the largest spectacle glass lenses suppliers to Kuwait were the United Arab Emirates, China and Thailand, together accounting for 81% of total imports. The Philippines, Spain, Mexico and Malaysia lagged somewhat behind, together comprising a further 5.8%.

What are the leading importers of spectacle lenses of glass or other materials from Kuwait?

In value terms, the largest markets for spectacle glass lenses exported from Kuwait were Saudi Arabia, the United Arab Emirates and Bahrain, with a combined 77% share of total exports.

What is the average export price for spectacle lenses of glass or other materials in Kuwait?

The average spectacle glass lenses export price stood at $122,698 per ton in 2021, surging by 151% against the previous year.

What is the average import price for spectacle lenses of glass or other materials in Kuwait?

In 2021, the average spectacle glass lenses import price amounted to $80,887 per ton, rising by 19% against the previous year.

This report provides an in-depth analysis of the spectacle glass lenses market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32504153 - Unmounted spectacle lenses other than for the correction of vision
Prodcom 32504155 - Unmounted single focal spectacle lenses for the correction of vision, with both sides finished
Prodcom 32504159 - Unmounted spectacle lenses for the correction of vision, with both sides finished other than single focal lenses
Prodcom 32504170 - Unmounted spectacle lenses for the correction of vision, other than those with both sides finished

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023