Middle East: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in the Middle East

The Middle Eastern spectacle non-plastic frame market skyrocketed to $X in 2021, increasing by 18% against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Spectacle Non-Plastic Frame Production in the Middle East

In value terms, spectacle non-plastic frame production stood at $X in 2021 estimated in export price. The total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.3% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 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 the Middle East

In 2021, approx. X units of non-plastic frames and mountings for spectacles and goggles were exported in the Middle East; rising by 22% on the previous year. Overall, exports recorded a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 50%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, spectacle non-plastic frame exports skyrocketed to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -6.2% 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 main exporting country with an export of about X units, which resulted at 68% of total exports. It was distantly followed by the United Arab Emirates (X units), committing a 28% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to spectacle non-plastic frame exports from Turkey stood at +16.6%. 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 the Middle East, with a CAGR of +20.4% from 2012-2021. While the share of Turkey (+14 p.p.) and the United Arab Emirates (+12 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest spectacle non-plastic frame supplying countries in the Middle East were the United Arab Emirates ($X) and Turkey ($X).

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of +26.9%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per unit, with an increase of 13% against the previous year. Overall, the export price, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2015 an increase of 39%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per unit), while Turkey stood at $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 the Middle East

In 2021, supplies from abroad of non-plastic frames and mountings for spectacles and goggles increased by 17% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2016 when imports increased by 21%. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, spectacle non-plastic frame imports soared to $X in 2021. The total import value increased at an average annual rate of +1.9% 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 90% of total imports in 2021. Kuwait (X units) and Iran (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Israel (with a CAGR of +0.8%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the United Arab Emirates ($X), Israel ($X) and Turkey ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 69% share of total imports.

In terms of the main importing countries, Israel, with a CAGR of +4.7%, recorded the highest rates of growth with regard to 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

The import price in the Middle East stood at $X per unit in 2021, jumping by 44% against the previous year. Import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per unit), while Turkey ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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