Bahrain: Spectacle Frame Market 2024

Spectacle Frame Market Size in Bahrain

The Bahraini spectacle frame market totaled $X in 2023, with an increase of X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in years to come.

Spectacle Frame Production in Bahrain

In value terms, spectacle frame production rose rapidly to $X in 2023 estimated in export price. In general, the total production indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Spectacle Frame Exports

Exports from Bahrain

In 2023, approx. X units of frames and mountings for spectacles, goggles or the like were exported from Bahrain; growing by X% compared with 2022 figures. Overall, exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, spectacle frame exports rose markedly to $X in 2023. In general, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X units) was the main destination for spectacle frame exports from Bahrain, with a X% share of total exports. Moreover, spectacle frame exports to Saudi Arabia exceeded the volume sent to the second major destination, France (X units), fivefold. The third position in this ranking was taken by Kuwait (X units), with an X% share.

From 2012 to 2023, the average annual growth rate of volume to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Kuwait (X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for frames and mountings for spectacles, goggles or the like exports from Bahrain, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Italy (X% per year).

Export Prices by Country

In 2023, the average spectacle frame export price amounted to $X per unit, remaining constant against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, spectacle frame export price increased by X% against 2017 indices. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2022, and then shrank in the following year.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Frame Imports

Imports into Bahrain

In 2023, after two years of growth, there was significant decline in supplies from abroad of frames and mountings for spectacles, goggles or the like, when their volume decreased by X% to X units. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, spectacle frame imports contracted to $X in 2023. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

China (X units), Italy (X units) and the Netherlands (X units) were the main suppliers of spectacle frame imports to Bahrain, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spectacle frame suppliers to Bahrain were China ($X), Italy ($X) and Japan ($X), with a combined X% share of total imports. The Netherlands, the UK, Turkey and India lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spectacle frame import price stood at $X per unit in 2023, remaining relatively unchanged against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform