Middle East: Spectacle Frame Market 2024

Spectacle Frame Market Size in the Middle East

The Middle Eastern spectacle frame market rose rapidly to $X in 2023, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Spectacle Frame Production in the Middle East

In value terms, spectacle frame production reached $X in 2023 estimated in export price. Overall, production showed a prominent expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2023, production growth remained at a somewhat lower figure.

Spectacle Frame Exports

Exports in the Middle East

After two years of growth, shipments abroad of frames and mountings for spectacles, goggles or the like decreased by X% to X units in 2023. Overall, exports, however, saw buoyant growth. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2022, and then declined in the following year.

In value terms, spectacle frame exports expanded sharply to $X in 2023. Over the period under review, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Turkey (X units) represented the main exporter of frames and mountings for spectacles, goggles or the like, mixing up X% of total exports. It was distantly followed by the United Arab Emirates (X units), committing a X% share of total exports. Bahrain (X units) followed a long way behind the leaders.

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 the Middle East, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Turkey and the United Arab Emirates increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest spectacle frame supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Turkey stood at X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Bahrain (X% per year).

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per unit, growing by X% against the previous year. In general, the export price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

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 the Middle East

In 2023, approx. X units of frames and mountings for spectacles, goggles or the like were imported in the Middle East; growing by X% on 2022. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2023, imports remained at a lower figure.

In value terms, spectacle frame imports rose significantly 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

Turkey represented the largest importer of frames and mountings for spectacles, goggles or the like in the Middle East, with the volume of imports reaching 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%). Kuwait (X units), Iraq (X units) and Qatar (X units) followed a long way behind the leaders.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, Iraq (X%), Qatar (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2023. By contrast, the United Arab Emirates (X%) and Israel (X%) illustrated a downward trend over the same period. Turkey (X p.p.), Iraq (X p.p.), Qatar (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates and Israel saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, the largest spectacle frame importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), with a combined X% share of total imports. Kuwait, Qatar and Iraq lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Iraq, 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 import price in the Middle East stood at $X per unit in 2023, increasing by X% against the previous year. Import price indicated tangible growth 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 import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per unit), while Iraq ($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