GCC: Spectacle Glass Lenses Market 2024

Spectacle Glass Lenses Market Size in GCC

The GCC spectacle glass lenses market fell to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, saw a resilient increase. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Spectacle Glass Lenses Production in GCC

In value terms, spectacle glass lenses production reduced to $X in 2022 estimated in export price. In general, production enjoyed a measured expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Spectacle Glass Lenses Exports

Exports in GCC

In 2022, approx. X units of spectacle lenses of glass or other materials were exported in GCC; rising by X% against 2021 figures. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, spectacle glass lenses exports skyrocketed to $X in 2022. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates prevails in exports structure, amounting to X units, which was near X% of total exports in 2022. Saudi Arabia (X units) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the spectacle lenses of glass or other materials exports, with a CAGR of X% from 2012 to 2022. At the same time, Saudi Arabia (X%) displayed positive paces of growth. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest spectacle glass lenses supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports.

In the United Arab Emirates, spectacle glass lenses exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, falling by X% against the previous year. Export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of X% 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 export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit, and then dropped rapidly in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the United Arab Emirates totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Spectacle Glass Lenses Imports

Imports in GCC

In 2022, after four years of growth, there was significant decline in overseas purchases of spectacle lenses of glass or other materials, when their volume decreased by X% to X units. Over the period under review, imports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X%. The volume of import peaked at X units in 2021, and then reduced markedly in the following year.

In value terms, spectacle glass lenses imports fell to $X in 2022. Overall, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021, and then contracted in the following year.

Imports by Country

The United Arab Emirates prevails in imports structure, amounting to X units, which was near X% of total imports in 2022. Kuwait (X units) took a relatively small share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the spectacle lenses of glass or other materials imports, with a CAGR of X% from 2012 to 2022. Kuwait experienced a relatively flat trend pattern. While the share of Kuwait (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported spectacle lenses of glass or other materials in GCC, comprising X% of total imports. The second position in the ranking was held by Kuwait ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled X%.

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the import price showed a strong increase. The growth pace was the most rapid in 2015 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kuwait ($X per unit), while the United Arab Emirates amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Source: IndexBox Platform

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