MENA: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in MENA

The MENA's spectacle plastic frame market was estimated at $X in 2021, with an increase of 13% against the previous year. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +18.7% against 2018 indices. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Spectacle Plastic Frame Production in MENA

In value terms, spectacle plastic frame production totaled $X in 2021 estimated in export price. Overall, production showed prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 74% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Spectacle Plastic Frame Exports

Exports in MENA

Spectacle plastic frame exports soared to X units in 2021, increasing by 38% on 2020. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 86%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, spectacle plastic frame exports rose to $X in 2021. Over the period under review, exports enjoyed a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of 73% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey prevails in exports structure, amounting to X units, which was near 90% of total exports in 2021. It was distantly followed by the United Arab Emirates (X units), committing an 8.9% share of total exports.

Turkey was also the fastest-growing in terms of the plastic frames and mountings for spectacles and goggles exports, with a CAGR of +27.0% from 2012 to 2021. At the same time, the United Arab Emirates (+25.2%) displayed positive paces of growth. While the share of Turkey (+13 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest spectacle plastic frame supplier in MENA, comprising 65% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Turkey amounted to +14.6%.

Export Prices by Country

In 2021, the export price in MENA amounted to $X per unit, falling by -25.7% against the previous year. In general, the export price showed a abrupt contraction. The pace of growth was the most pronounced in 2018 when the export price increased by 38% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a 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 (-6.4%).

Spectacle Plastic Frame Imports

Imports in MENA

In 2021, approx. X units of plastic frames and mountings for spectacles and goggles were imported in MENA; growing by 80% compared with the previous year's figure. Total imports indicated strong growth from 2012 to 2021: its volume 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. Over the period under review, imports attained the maximum at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, spectacle plastic frame imports soared to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of spectacle plastic frame imports in 2021 were Turkey (X units), the United Arab Emirates (X units), Israel (X units) and Morocco (X units), together finishing at 72% of total import. It was distantly followed by Algeria (X units) and Kuwait (X units), together making up a 10% share of total imports. Egypt (X units) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Algeria (with a CAGR of +29.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spectacle plastic frame importing markets in MENA were the United Arab Emirates ($X), Israel ($X) and Turkey ($X), together accounting for 56% of total imports. Morocco, Kuwait, Egypt and Algeria lagged somewhat behind, together accounting for a further 21%.

Morocco, with a CAGR of +19.6%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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, with an increase of 2.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2018 an increase of 42% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: 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 (+14.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform