MENA: Spectacle Frame Market 2024

Spectacle Frame Market Size in MENA

The MENA's spectacle frame market rose markedly to $X in 2023, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Spectacle Frame Production in MENA

In value terms, spectacle frame production totaled $X in 2023 estimated in export price. Overall, production showed strong growth. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2023, production growth remained at a lower figure.

Spectacle Frame Exports

Exports in MENA

After two years of growth, overseas shipments of frames and mountings for spectacles, goggles or the like decreased by X% to X units in 2023. Over the period under review, exports, however, showed a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of export peaked at X units in 2022, and then reduced in the following year.

In value terms, spectacle frame exports rose remarkably to $X in 2023. In general, exports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2013 when exports increased by X%. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Turkey represented the key exporting country with an export of around X units, which resulted at X% of total exports. It was distantly followed by the United Arab Emirates (X units), comprising a X% share of total exports. Bahrain (X units) took a little share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, the United Arab Emirates (X%) and Bahrain (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. Turkey (X p.p.) and 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, Turkey ($X) remains the largest spectacle frame supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

In Turkey, spectacle frame exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Bahrain (X% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2023, picking up by X% against the previous year. Overall, the export price, however, continues to indicate a deep slump. The pace of growth was the most pronounced in 2018 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Bahrain ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the other leaders experienced a decline in the export price figures.

Spectacle Frame Imports

Imports in MENA

In 2023, imports of frames and mountings for spectacles, goggles or the like in MENA expanded rapidly to X units, increasing by X% on 2022 figures. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked at X units in 2015; however, from 2016 to 2023, imports remained at a lower figure.

In value terms, spectacle frame imports expanded rapidly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

Turkey was the largest importer of frames and mountings for spectacles, goggles or the like in MENA, with the volume of imports accounting for X units, which was approx. X% of total imports in 2023. The United Arab Emirates (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Israel (X%), Morocco (X%) and Tunisia (X%). The following importers - Egypt (X units) and Kuwait (X units) - each reached a X% share of total imports.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, Morocco (X%), Kuwait (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. By contrast, Egypt (X%), the United Arab Emirates (X%) and Israel (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Turkey and Morocco increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest spectacle frame importing markets in MENA were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), together accounting for X% of total imports. Morocco, Egypt, Kuwait and Tunisia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Morocco, with a CAGR of X%, saw the highest growth rate of 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

In 2023, the import price in MENA amounted to $X per unit, rising by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 an increase of X%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per unit), while Tunisia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform