Report Update Nov 1, 2024

Saudi Arabia - Spectacles and Goggles - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in Saudi Arabia

After four years of decline, the Saudi spectacles and goggles market increased by 8.3% to $X in 2021. Overall, consumption showed a mild contraction. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Spectacles And Goggles Production in Saudi Arabia

In value terms, spectacles and goggles production rose remarkably to $X in 2021 estimated in export price. Overall, production continues to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 185%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Spectacles And Goggles Exports

Exports from Saudi Arabia

In 2021, approx. X units of spectacles and goggles were exported from Saudi Arabia; which is down by -77.8% against 2020. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2015 when exports increased by 6,094%. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, spectacles and goggles exports dropped dramatically to $X in 2021. In general, exports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2015 with an increase of 3,902%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units), Italy (X units) and Bahrain (X units) were the main destinations of spectacles and goggles exports from Saudi Arabia, with a combined 49% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +95.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Georgia ($X), Italy ($X) and the United Arab Emirates ($X) appeared to be the largest markets for spectacles and goggles exported from Saudi Arabia worldwide, together comprising 41% of total exports.

The United Arab Emirates, with a CAGR of +107.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average spectacles and goggles export price stood at $X per unit in 2021, increasing by 39% against the previous year. In general, the export price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 213%. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($X per unit), while the average price for exports to Egypt ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+12.8%), while the prices for the other major destinations experienced mixed trend patterns.

Spectacles And Goggles Imports

Imports into Saudi Arabia

In 2021, spectacles and goggles imports into Saudi Arabia totaled less than X units, remaining constant against the previous year's figure. In general, imports saw a relatively flat trend pattern.

In value terms, spectacles and goggles imports dropped remarkably to $X in 2021. Overall, imports showed a slight setback. The pace of growth was the most pronounced in 2020 when imports increased by 486%. As a result, imports reached the peak of $X, and then reduced sharply in the following year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for spectacles and goggles in the world?

The countries with the highest volumes of spectacles and goggles consumption in 2020 were China, the United States and India, with a combined 41% share of global consumption. These countries were followed by the UK, Japan, Australia, Mexico, Italy, Germany, Ireland and South Korea, which together accounted for a further 30%.

What are the largest producers of spectacles and goggles in the world?

China remains the largest spectacles and goggles producing country worldwide, accounting for 58% of total volume. Moreover, spectacles and goggles production in China exceeded the figures recorded by the second-largest producer, Taiwan Chinese), sixfold. The third position in this ranking was occupied by India, with a 7.8% share.

What are the leading suppliers of spectacles and goggles to Saudi Arabia?

In value terms, the largest spectacles and goggles suppliers to Saudi Arabia were China, Taiwan Chinese) and Italy, with a combined 68% share of total imports. The United States, Germany, the United Arab Emirates and France lagged somewhat behind, together accounting for a further 22%.

What are the leading importers of spectacles and goggles from Saudi Arabia?

In value terms, the United Arab Emirates emerged as the key foreign market for spectacles and goggles exports from Saudi Arabia, comprising 61% of total exports. The second position in the ranking was occupied by Georgia, with a 25% share of total exports. It was followed by Bahrain, with a 6.6% share.

What is the average export price for spectacles and goggles in Saudi Arabia?

The average spectacles and goggles export price stood at $11 per unit in 2020, increasing by 93% against the previous year.

What is the average import price for spectacles and goggles in Saudi Arabia?

In 2010, the average spectacles and goggles import price amounted to $0.6 per unit, shrinking by -8.9% against the previous year.

This report provides an in-depth analysis of the spectacles and goggles market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32504290 - Spectacles, goggles and the like, corrective, protective or other (excluding sunglasses)

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023