MENA: Objective Lens Market 2025

Objective Lens Market Size in MENA

The MENA's objective lens market shrank to $X in 2021, waning by -10.1% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Objective Lens Production in MENA

In value terms, objective lens production reduced sharply to $X in 2021 estimated in export price. In general, production saw a noticeable decline. The growth pace was the most rapid in 2020 when the production volume increased by 136% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Objective Lens Exports

Exports in MENA

In 2021, shipments abroad of objective lenses for cameras, projectors or photographic enlargers or reducers decreased by -10.1% to X units for the first time since 2016, thus ending a four-year rising trend. Overall, exports, however, saw strong growth. The growth pace was the most rapid in 2015 when exports increased by 109%. Over the period under review, the exports hit record highs at X units in 2020, and then declined in the following year.

In value terms, objective lens exports reached $X in 2021. Over the period under review, exports, however, recorded a prominent expansion. The growth pace was the most rapid in 2018 with an increase of 66%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

The United Arab Emirates represented the key exporter of objective lenses for cameras, projectors or photographic enlargers or reducers in MENA, with the volume of exports recording X units, which was near 78% of total exports in 2021. Turkey (X units) ranks second in terms of the total exports with a 14% share, followed by Israel (7.4%).

From 2012 to 2021, average annual rates of growth with regard to objective lens exports from the United Arab Emirates stood at +20.4%. At the same time, Turkey (+25.6%) and Israel (+3.9%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in MENA, with a CAGR of +25.6% from 2012-2021. The United Arab Emirates (+12 p.p.) and Turkey (+6 p.p.) significantly strengthened its position in terms of the total exports, while Israel saw its share reduced by -16.2% from 2012 to 2021, respectively.

In value terms, the United Arab Emirates ($X) remains the largest objective lens supplier in MENA, comprising 82% of total exports. The second position in the ranking was taken by Israel ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates amounted to +13.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (+8.3% per year) and Turkey (+33.5% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2021, picking up by 12% against the previous year. In general, the export price, however, showed a noticeable setback. The pace of growth was the most pronounced in 2020 an increase of 44%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Israel ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+6.3%), while the other leaders experienced mixed trends in the export price figures.

Objective Lens Imports

Imports in MENA

In 2021, purchases abroad of objective lenses for cameras, projectors or photographic enlargers or reducers was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 46% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, objective lens imports soared to $X in 2021. The total import value increased at an average annual rate of +5.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates represented the largest importer of objective lenses for cameras, projectors or photographic enlargers or reducers in MENA, with the volume of imports amounting to X units, which was approx. 58% of total imports in 2021. Turkey (X units) ranks second in terms of the total imports with a 14% share, followed by Israel (8.7%), Iraq (5.8%) and Kuwait (4.6%). The following importers - Qatar (X units) and Oman (X units) - together made up 5% of total imports.

Imports into the United Arab Emirates increased at an average annual rate of +14.6% from 2012 to 2021. At the same time, Iraq (+19.6%), Kuwait (+16.3%), Qatar (+2.8%) and Israel (+2.5%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in MENA, with a CAGR of +19.6% from 2012-2021. By contrast, Turkey (-5.1%) and Oman (-8.3%) illustrated a downward trend over the same period. The United Arab Emirates (+29 p.p.), Iraq (+3.9 p.p.) and Kuwait (+2.6 p.p.) significantly strengthened its position in terms of the total imports, while Israel, Oman and Turkey saw its share reduced by -3%, -4.9% and -23% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported objective lenses for cameras, projectors or photographic enlargers or reducers in MENA, comprising 49% of total imports. The second position in the ranking was held by Israel ($X), with a 15% share of total imports. It was followed by Turkey, with a 13% share.

In the United Arab Emirates, objective lens imports expanded at an average annual rate of +9.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Israel (+6.7% per year) and Turkey (-2.7% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per unit, picking up by 22% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+11.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform