MENA: Spectacle Glass Lenses Market 2024

Spectacle Glass Lenses Market Size in MENA

The MENA's spectacle glass lenses market dropped to $X in 2022, falling by X% against the previous year. Over the period under review, consumption posted a noticeable increase. The level of consumption peaked at $X in 2021, and then dropped in the following year.

Spectacle Glass Lenses Production in MENA

In value terms, spectacle glass lenses production declined remarkably to $X in 2022 estimated in export price. In general, production, however, saw a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Spectacle Glass Lenses Exports

Exports in MENA

In 2022, the amount of spectacle lenses of glass or other materials exported in MENA skyrocketed to X units, growing by X% on the previous year's figure. In general, exports posted buoyant growth. 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 surged to $X in 2022. Over the period under review, exports continue to indicate a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, the United Arab Emirates (X units) represented the key exporter of spectacle lenses of glass or other materials, mixing up X% of total exports. Israel (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Tunisia (X%). The following exporters - Turkey (X units) and Morocco (X units) - each accounted for an X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest spectacle glass lenses supplying countries in MENA were the United Arab Emirates ($X), Israel ($X) and Tunisia ($X), with a combined X% share of total exports.

The United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the export price continues to indicate a slight curtailment. The growth pace was the most rapid in 2021 an increase of X%. As a result, the export price attained the peak level of $X per unit, and then plummeted in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Turkey ($X per unit) and Morocco ($X per unit), while the United Arab Emirates ($X per unit) and Tunisia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the export price figures.

Spectacle Glass Lenses Imports

Imports in MENA

In 2022, imports of spectacle lenses of glass or other materials in MENA rose rapidly to X units, picking up by X% against 2021. Total imports indicated a resilient increase from 2012 to 2022: its volume 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, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, spectacle glass lenses imports reached $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Turkey was the main importing country with an import of about X units, which recorded X% of total imports. It was distantly followed by the United Arab Emirates (X units) and Tunisia (X units), together creating a X% share of total imports. Israel (X units), Morocco (X units), Algeria (X units) and Iran (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to spectacle glass lenses imports into Turkey stood at X%. At the same time, Tunisia (X%), Israel (X%), the United Arab Emirates (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Iran experienced a relatively flat trend pattern. By contrast, Algeria (X%) illustrated a downward trend over the same period. Turkey (X p.p.) significantly strengthened its position in terms of the total imports, while Algeria and the United Arab Emirates saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest spectacle glass lenses importing markets in MENA were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), with a combined X% share of total imports. Morocco, Iran, Algeria and Tunisia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Algeria, with a CAGR of X%, saw 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

In 2022, the import price in MENA amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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