United Arab Emirates: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in the United Arab Emirates

The spectacle non-plastic frame market in the United Arab Emirates surged to $X in 2021, with an increase of 95% against the previous year. Overall, consumption enjoyed pronounced growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Spectacle Non-Plastic Frame Production in the United Arab Emirates

In value terms, spectacle non-plastic frame production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production recorded a significant expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 154%. Spectacle non-plastic frame production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Spectacle Non-Plastic Frame Exports

Exports from the United Arab Emirates

In 2021, approx. X units of non-plastic frames and mountings for spectacles and goggles were exported from the United Arab Emirates; increasing by 116% compared with the year before. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, spectacle non-plastic frame exports soared to $X in 2021. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X units) was the main destination for spectacle non-plastic frame exports from the United Arab Emirates, with a 39% share of total exports. Moreover, spectacle non-plastic frame exports to Saudi Arabia exceeded the volume sent to the second major destination, India (X units), twofold. Oman (X units) ranked third in terms of total exports with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia stood at +35.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+28.0% per year) and Oman (+151.9% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for non-plastic frames and mountings for spectacles and goggles exports from the United Arab Emirates, comprising 37% of total exports. The second position in the ranking was held by Italy ($X), with an 18% share of total exports. It was followed by Oman, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia amounted to +38.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+29.9% per year) and Oman (+160.7% per year).

Export Prices by Country

The average spectacle non-plastic frame export price stood at $X per unit in 2021, reducing by -12.5% against the previous year. Overall, the export price, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 65% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per unit), while the average price for exports to India ($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 Italy (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Non-Plastic Frame Imports

Imports into the United Arab Emirates

In 2021, purchases abroad of non-plastic frames and mountings for spectacles and goggles was finally on the rise to reach X units for the first time since 2016, thus ending a four-year declining trend. Overall, imports, however, showed a abrupt curtailment. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, spectacle non-plastic frame imports surged to $X in 2021. Over the period under review, imports saw a noticeable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X units), Turkey (X units) and India (X units) were the main suppliers of spectacle non-plastic frame imports to the United Arab Emirates, together accounting for 41% of total imports. Canada, Jordan, China, the United States, Germany, Hong Kong SAR and Belgium lagged somewhat behind, together comprising a further 16%.

From 2012 to 2021, the biggest increases were recorded for Jordan (with a CAGR of +73.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of non-plastic frames and mountings for spectacles and goggles to the United Arab Emirates, comprising 34% of total imports. The second position in the ranking was held by Jordan ($X), with a 3.7% share of total imports. It was followed by Turkey, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (+96.8% per year) and Turkey (+28.1% per year).

Import Prices by Country

In 2021, the average spectacle non-plastic frame import price amounted to $X per unit, surging by 18% against the previous year. In general, the import price recorded a resilient increase. The most prominent rate of growth was recorded in 2018 an increase of 52% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :