United Arab Emirates: Spectacle Glass Lenses Market 2024

Spectacle Glass Lenses Market Size in the United Arab Emirates

The spectacle glass lenses market in the United Arab Emirates contracted sharply to $X in 2022, falling by -17.4% 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). Overall, consumption, however, recorded a resilient increase. As a result, consumption attained the peak level of $X, and then shrank rapidly in the following year.

Spectacle Glass Lenses Exports

Exports from the United Arab Emirates

In 2022, approx. X units of spectacle lenses of glass or other materials were exported from the United Arab Emirates; increasing by 8.7% on 2021 figures. Overall, exports showed a buoyant increase. The growth pace was the most rapid in 2016 with an increase of 237%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, spectacle glass lenses exports shrank dramatically to $X in 2022. Over the period under review, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2013 when exports increased by 85%. The exports peaked at $X in 2021, and then declined significantly in the following year.

Exports by Country

South Africa (X units), Israel (X units) and Germany (X units) were the main destinations of spectacle glass lenses exports from the United Arab Emirates, together accounting for 68% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of +343.5%), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Israel ($X) and Germany ($X) were the largest markets for spectacle glass lenses exported from the United Arab Emirates worldwide, together accounting for 62% of total exports.

Among the main countries of destination, Israel, with a CAGR of +213.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average spectacle glass lenses export price amounted to $X per unit, shrinking by -21.9% against the previous year. Over the period under review, the export price, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 an increase of 120% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then declined significantly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mauritius ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+44.6%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Glass Lenses Imports

Imports into the United Arab Emirates

In 2022, overseas purchases of spectacle lenses of glass or other materials decreased by -15.1% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted a buoyant increase. The growth pace was the most rapid in 2019 when imports increased by 45%. Imports peaked at X units in 2021, and then contracted remarkably in the following year.

In value terms, spectacle glass lenses imports dropped markedly to $X in 2022. Overall, imports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 50%. As a result, imports attained the peak of $X, and then reduced notably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest spectacle glass lenses supplier to the United Arab Emirates, with a 79% share of total imports. Moreover, spectacle glass lenses imports from China exceeded the figures recorded by the second-largest supplier, India (X units), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +11.8%.

In value terms, China ($X) and India ($X) constituted the largest spectacle glass lenses suppliers to the United Arab Emirates.

China, with a CAGR of +13.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average spectacle glass lenses import price stood at $X per unit in 2022, which is down by -1.9% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spectacle glass lenses import price increased by +2.3% against 2020 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 39%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.9%).

Source: IndexBox Platform

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