Middle East: Mounted Objective Lens Market 2025

Mounted Objective Lens Market Size in the Middle East

The Middle Eastern mounted objective lens market declined significantly to $X in 2022, shrinking by -21.5% against the previous year. In general, consumption saw a slight descent. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Mounted Objective Lens Production in the Middle East

In value terms, mounted objective lens production contracted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a deep setback. The pace of growth appeared the most rapid in 2017 with an increase of 67% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Mounted Objective Lens Exports

Exports in the Middle East

In 2022, overseas shipments of mounted objective lenses were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, exports showed moderate growth. The most prominent rate of growth was recorded in 2013 with an increase of 131% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, mounted objective lens exports shrank to $X in 2022. Over the period under review, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 80% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted modestly in the following year.

Exports by Country

The United Arab Emirates was the major exporter of mounted objective lenses in the Middle East, with the volume of exports accounting for X units, which was near 79% of total exports in 2022. Turkey (X units) took a 10% share (based on physical terms) of total exports, which put it in second place, followed by Israel (8.9%). Saudi Arabia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to mounted objective lens exports from the United Arab Emirates stood at +1.8%. At the same time, Turkey (+18.7%), Saudi Arabia (+12.4%) and Israel (+4.9%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +18.7% from 2012-2022. Turkey (+7.9 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -9.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest mounted objective lens supplying countries in the Middle East were the United Arab Emirates ($X), Israel ($X) and Turkey ($X), with a combined 100% share of total exports.

Among the main exporting countries, Turkey, with a CAGR of +16.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, waning by -6.7% against the previous year. Over the period under review, the export price, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 when the export price increased by 105%. Over the period under review, the export prices attained the peak figure at $X per unit in 2021, and then declined in the following year.

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 ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+13.4%), while the other leaders experienced mixed trends in the export price figures.

Mounted Objective Lens Imports

Imports in the Middle East

For the third consecutive year, the Middle East recorded decline in purchases abroad of mounted objective lenses, which decreased by -31.1% to X units in 2022. Over the period under review, imports, however, saw slight growth. The most prominent rate of growth was recorded in 2019 with an increase of 105%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, mounted objective lens imports contracted to $X in 2022. Total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -31.4% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 65%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates was the main importer of mounted objective lenses in the Middle East, with the volume of imports finishing at X units, which was approx. 48% of total imports in 2022. It was distantly followed by Turkey (X units), Israel (X units) and Bahrain (X units), together constituting a 47% share of total imports. Oman (X units) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to mounted objective lens imports into the United Arab Emirates stood at +6.9%. At the same time, Bahrain (+33.4%) and Israel (+3.0%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +33.4% from 2012-2022. By contrast, Oman (-2.4%) and Turkey (-3.4%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+18 p.p.), Bahrain (+7.5 p.p.) and Israel (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Oman (-1.6 p.p.) and Turkey (-16.9 p.p.) displayed negative dynamics.

In value terms, the largest mounted objective lens importing markets in the Middle East were the United Arab Emirates ($X), Israel ($X) and Turkey ($X), with a combined 89% share of total imports. Oman and Bahrain lagged somewhat behind, together accounting for a further 1.7%.

Bahrain, with a CAGR of +13.8%, recorded the highest rates of growth with regard to the value of imports, in terms of 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

The import price in the Middle East stood at $X per unit in 2022, rising by 33% against the previous year. In general, the import price posted slight growth. 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 2022, amid the top importers, the country with the highest price was Israel ($X per unit), while Bahrain ($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 (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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