United Arab Emirates: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in the United Arab Emirates

The spectacles and goggles market in the United Arab Emirates skyrocketed to $X in 2021, surging by 15% 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). Over the period under review, consumption continues to indicate a noticeable setback. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Spectacles And Goggles Exports

Exports from the United Arab Emirates

In 2021, overseas shipments of spectacles and goggles increased by 3.4% to X units for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, showed a abrupt setback. The pace of growth was the most pronounced in 2013 with an increase of 130% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, spectacles and goggles exports surged to $X in 2021. Over the period under review, exports enjoyed strong growth. The growth pace was the most rapid in 2013 when exports increased by 212% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Israel (X units) was the main destination for spectacles and goggles exports from the United Arab Emirates, accounting for a 36% share of total exports. Moreover, spectacles and goggles exports to Israel exceeded the volume sent to the second major destination, Saudi Arabia (X units), twofold. The third position in this ranking was held by Oman (X units), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Israel was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+0.7% per year) and Oman (-11.9% per year).

In value terms, Israel ($X) emerged as the key foreign market for spectacles and goggles exports from the United Arab Emirates, comprising 40% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 20% share of total exports. It was followed by Oman, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Israel was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+16.9% per year) and Oman (+2.3% per year).

Export Prices by Country

In 2021, the average spectacles and goggles export price amounted to $X per unit, picking up by 31% against the previous year. Overall, the export price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 62%. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Oman ($X per unit), while the average price for exports to Maldives ($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 (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacles And Goggles Imports

Imports into the United Arab Emirates

In 2021, the amount of spectacles and goggles imported into the United Arab Emirates shrank to X units, with a decrease of -10.7% compared with the previous year. In general, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 69%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, spectacles and goggles imports soared to $X in 2021. Over the period under review, imports, however, enjoyed a tangible increase. The most prominent rate of growth was recorded in 2016 when imports increased by 87% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Taiwan (Chinese) (X units) constituted the largest supplier of spectacles and goggles to the United Arab Emirates, with a 54% share of total imports. Moreover, spectacles and goggles imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X units), twofold. India (X units) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-21.2% per year) and India (+53.7% per year).

In value terms, China ($X) constituted the largest supplier of spectacles and goggles to the United Arab Emirates, comprising 55% of total imports. The second position in the ranking was held by Italy ($X), with a 7.7% share of total imports. It was followed by Taiwan (Chinese), with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+18.2% per year) and Taiwan (Chinese) (-4.5% per year).

Import Prices by Country

In 2021, the average spectacles and goggles import price amounted to $X per unit, with an increase of 51% against the previous year. In general, the import price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 133%. Over the period under review, average import prices reached the maximum in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Taiwan (Chinese) ($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 (+36.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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