United Arab Emirates: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in the United Arab Emirates

The spectacle plastic frame market in the United Arab Emirates soared to $X in 2021, surging by 183% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a mild expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Spectacle Plastic Frame Exports

Exports from the United Arab Emirates

In 2021, the amount of plastic frames and mountings for spectacles and goggles exported from the United Arab Emirates skyrocketed to X units, picking up by 84% compared with 2020. In general, exports posted significant growth. The pace of growth was the most pronounced in 2016 when exports increased by 124% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, spectacle plastic frame exports soared to $X in 2021. Overall, exports recorded a remarkable increase. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

India (X units) was the main destination for spectacle plastic frame exports from the United Arab Emirates, with a 47% share of total exports. Moreover, spectacle plastic frame exports to India exceeded the volume sent to the second major destination, Oman (X units), threefold. Saudi Arabia (X units) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume to India stood at +31.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+38.0% per year) and Saudi Arabia (+10.4% per year).

In value terms, Italy ($X), Oman ($X) and India ($X) constituted the largest markets for spectacle plastic frame exported from the United Arab Emirates worldwide, with a combined 69% share of total exports. Saudi Arabia, Hong Kong SAR, Angola, Tanzania, France, Pakistan and Kenya lagged somewhat behind, together comprising a further 23%.

Angola, with a CAGR of +340.0%, 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 spectacle plastic frame export price stood at $X per unit in 2021, with an increase of 6.9% against the previous year. Over the period under review, the export price, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 43%. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 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 ($X per unit), while the average price for exports to Pakistan ($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 Kenya (+47.8%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Plastic Frame Imports

Imports into the United Arab Emirates

In 2021, approx. X units of plastic frames and mountings for spectacles and goggles were imported into the United Arab Emirates; jumping by 149% on 2020. In general, imports, however, saw a mild setback. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

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

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of spectacle plastic frame to the United Arab Emirates, accounting for a 34% share of total imports. Moreover, spectacle plastic frame imports from Italy exceeded the figures recorded by the second-largest supplier, India (X units), fourfold. The third position in this ranking was taken by Turkey (X units), with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-8.5% per year) and Turkey (+21.1% per year).

In value terms, Italy ($X) constituted the largest supplier of plastic frames and mountings for spectacles and goggles to the United Arab Emirates, comprising 39% of total imports. The second position in the ranking was taken by India ($X), with a 2.6% share of total imports. It was followed by China, with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+20.4% per year) and China (-0.8% per year).

Import Prices by Country

In 2021, the average spectacle plastic frame import price amounted to $X per unit, growing by 9.9% against the previous year. Over the period under review, the import price posted a prominent expansion. The pace of growth was the most pronounced in 2018 an increase of 146%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+31.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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