Middle East: Mounted Lens Market 2025

Mounted Lens Market Size in the Middle East

The Middle Eastern mounted lens market surged to $X in 2022, rising by 127% against the previous year. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Mounted Lens Production in the Middle East

In value terms, mounted lens production soared to $X in 2022 estimated in export price. Overall, production showed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 115% against the previous year. The level of production peaked at $X in 2016; afterwards, it flattened through to 2022.

Mounted Lens Exports

Exports by Country

In 2022, the United Arab Emirates (X units) represented the main exporter of mounted lenses, prisms and mirrors, constituting 63% of total exports. It was distantly followed by Israel (X units), creating a 34% share of total exports. Turkey (X units) followed a long way behind the leaders.

From 2020 to 2022, the biggest increases were recorded for Israel (with a CAGR of +36.6%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Israel ($X) remains the largest mounted lens supplier in the Middle East, comprising 97% of total exports. The second position in the ranking was held by Turkey ($X), with a 1.9% share of total exports.

In Israel, mounted lens exports expanded at an average annual rate of +146.6% over the period from 2020-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+46.7% per year) and the United Arab Emirates (-11.0% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, rising by 387% against the previous year. Overall, the export price continues to indicate a strong expansion. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+192.3%), while the other leaders experienced more modest paces of growth.

Mounted Lens Imports

Imports in the Middle East

In 2022, purchases abroad of mounted lenses, prisms and mirrors decreased by -47.3% to X units, falling for the second consecutive year after two years of decline. Overall, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2018 when imports increased by 56% against the previous year. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, mounted lens imports rose modestly to $X in 2022. In general, imports, however, showed prominent growth. The growth pace was the most rapid in 2019 with an increase of 111% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Oman (X units) represented the largest importer of mounted lenses, prisms and mirrors, committing 64% of total imports. The United Arab Emirates (X units) took the second position in the ranking, followed by Yemen (X units). All these countries together took near 20% share of total imports. Iran (X units), Kuwait (X units), Lebanon (X units) and Jordan (X units) held a little share of total imports.

Imports into Oman decreased at an average annual rate of -68.4% from 2012 to 2022. At the same time, Lebanon (+628.2%), Jordan (+552.0%), Kuwait (+297.5%) and Iran (+68.0%) displayed positive paces of growth. Moreover, Lebanon emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +628.2% from 2012-2022. By contrast, Yemen (-4.4%) and the United Arab Emirates (-46.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Oman, the United Arab Emirates, Yemen, Iran, Kuwait and Lebanon increased by +63, +9.8, +8, +3.2, +2.3 and +1.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported mounted lenses, prisms and mirrors in the Middle East, comprising 51% of total imports. The second position in the ranking was held by Iran ($X), with a 0.4% share of total imports. It was followed by Oman, with a 0.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to +41.6%. In the other countries, the average annual rates were as follows: Iran (-9.6% per year) and Oman (-5.5% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, jumping by 96% against the previous year. Over the period under review, the import price, however, saw a sharp decrease. The most prominent rate of growth was recorded in 2018 an increase of 265%. Over the period under review, import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Yemen ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+134.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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