Middle East: Objective Lens Market 2025

Objective Lens Market Size in the Middle East

The Middle Eastern objective lens market shrank to $X in 2021, which is down by -10.3% against the previous year. In general, consumption showed a mild downturn. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Objective Lens Production in the Middle East

In value terms, objective lens production fell rapidly to $X in 2021 estimated in export price. Overall, production saw a noticeable curtailment. 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 the Middle East

After four years of growth, overseas shipments of objective lenses for cameras, projectors or photographic enlargers or reducers decreased by -10.2% to X units in 2021. Overall, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 109% against the previous year. The volume of export peaked at X units in 2020, and then dropped in the following year.

In value terms, objective lens exports amounted to $X in 2021. In general, exports, however, showed strong growth. The pace of growth was the most pronounced in 2018 with an increase of 66% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

The United Arab Emirates was the key exporting country with an export of about X units, which recorded 78% of total exports. Turkey (X units) ranks second in terms of the total exports with a 14% share, followed by Israel (7.5%).

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 the Middle East, with a CAGR of +25.6% from 2012-2021. While the share of the United Arab Emirates (+12 p.p.) and Turkey (+6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Israel (-16.2 p.p.) displayed negative dynamics.

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

In the United Arab Emirates, objective lens exports expanded at an average annual rate of +13.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Israel (+8.3% per year) and Turkey (+33.5% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2021, growing by 12% against the previous year. Overall, the export price, however, continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2020 an increase of 44% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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 the Middle East

In 2021, overseas purchases of objective lenses for cameras, projectors or photographic enlargers or reducers were finally on the rise to reach X units after three years of decline. Total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 46%. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, objective lens imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +5.5% 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

The United Arab Emirates was the key importing country with an import of about X units, which resulted at 59% of total imports. Turkey (X units) held the second position in the ranking, followed by Israel (X units), Iraq (X units) and Kuwait (X units). All these countries together took approx. 34% share of total imports. The following importers - Qatar (X units) and Oman (X units) - together made up 5.2% of total imports.

From 2012 to 2021, average annual rates of growth with regard to objective lens imports into the United Arab Emirates stood at +14.6%. 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 the Middle East, 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. While the share of the United Arab Emirates (+30 p.p.), Iraq (+4 p.p.) and Kuwait (+2.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Israel (-3 p.p.), Oman (-4.9 p.p.) and Turkey (-23.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported objective lenses for cameras, projectors or photographic enlargers or reducers in the Middle East, comprising 50% of total imports. The second position in the ranking was held by Israel ($X), with a 15% share of total imports. It was followed by Turkey, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates stood at +9.3%. 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

The import price in the Middle East stood at $X per unit in 2021, surging by 22% against the previous year. Overall, the import price, however, recorded 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

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