MENA: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in MENA

The MENA's spectacle non-plastic frame market soared to $X in 2021, with an increase of 20% against the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Spectacle Non-Plastic Frame Production in MENA

In value terms, spectacle non-plastic frame production rose to $X in 2021 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.3% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 37% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Spectacle Non-Plastic Frame Exports

Exports in MENA

In 2021, approx. X units of non-plastic frames and mountings for spectacles and goggles were exported in MENA; rising by 22% on 2020 figures. Over the period under review, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 52% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, spectacle non-plastic frame exports skyrocketed to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -7.0% against 2018 indices. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey represented the key exporting country with an export of around X units, which resulted at 68% of total exports. It was distantly followed by the United Arab Emirates (X units), constituting a 28% share of total exports.

Exports from Turkey increased at an average annual rate of +16.6% from 2012 to 2021. At the same time, the United Arab Emirates (+20.4%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of +20.4% from 2012-2021. From 2012 to 2021, the share of Turkey and the United Arab Emirates increased by +14 and +11 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) and Turkey ($X) constituted the countries with the highest levels of exports in 2021.

The United Arab Emirates, with a CAGR of +26.9%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in MENA stood at $X per unit in 2021, increasing by 13% against the previous year. Overall, the export price, however, saw a abrupt setback. The pace of growth was the most pronounced in 2015 when the export price increased by 38% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United Arab Emirates ($X per unit), while Turkey totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.4%).

Spectacle Non-Plastic Frame Imports

Imports in MENA

In 2021, overseas purchases of non-plastic frames and mountings for spectacles and goggles increased by 25% to X units for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, showed a noticeable decrease. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, spectacle non-plastic frame imports surged to $X in 2021. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X units), Israel (X units) and the United Arab Emirates (X units) represented roughly 76% of total imports in 2021. It was distantly followed by Morocco (X units), making up a 7.1% share of total imports. The following importers - Algeria (X units), Tunisia (X units) and Kuwait (X units) - each accounted for an 8.9% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Algeria (with a CAGR of +19.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Israel ($X) and Turkey ($X) were the countries with the highest levels of imports in 2021, with a combined 62% share of total imports. Morocco, Kuwait, Tunisia and Algeria lagged somewhat behind, together accounting for a further 13%.

Among the main importing countries, Morocco, with a CAGR of +8.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in MENA amounted to $X per unit, surging by 36% against the previous year. Import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the United Arab Emirates ($X per unit), while Algeria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+9.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform