Middle East: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in the Middle East

The Middle Eastern spectacle plastic frame market was estimated at $X in 2021, surging by 9.3% against the previous year. In general, consumption recorded a resilient increase. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Spectacle Plastic Frame Production in the Middle East

In value terms, spectacle plastic frame production amounted to $X in 2021 estimated in export price. Overall, production saw a prominent increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 74%. 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 the Middle East

In 2021, spectacle plastic frame exports in the Middle East surged to X units, rising by 38% on the previous year. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 91% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, spectacle plastic frame exports stood at $X in 2021. Over the period under review, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 78%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey prevails in exports structure, accounting for X units, which was approx. 90% of total exports in 2021. It was distantly followed by the United Arab Emirates (X units), creating 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. Turkey (+9.7 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest spectacle plastic frame supplier in the Middle East, comprising 66% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 29% share of total exports.

In Turkey, spectacle plastic frame exports increased at an average annual rate of +14.6% over the period from 2012-2021.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2021, reducing by -25.8% against the previous year. In general, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2018 when the export price increased by 36% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

In 2021, the amount of plastic frames and mountings for spectacles and goggles imported in the Middle East soared to X units, increasing by 72% on 2020 figures. Total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +4.6% 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 peak figure at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, spectacle plastic frame imports skyrocketed to $X in 2021. Total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached 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) and Israel (X units), together amounting to 80% of total import. It was distantly followed by Kuwait (X units) and Iran (X units), together committing a 12% share of total imports. Iraq (X units) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Iraq (with a CAGR of +41.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spectacle plastic frame importing markets in the Middle East were the United Arab Emirates ($X), Israel ($X) and Turkey ($X), together comprising 69% of total imports. These countries were followed by Kuwait, Iraq and Iran, which together accounted for a further 7.6%.

Iraq, with a CAGR of +30.6%, 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 the Middle East amounted to $X per unit, rising by 6.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2018 when the import price increased by 50% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per unit), while Iran ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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