Middle East: Objective Lens Market 2024

Objective Lens Market Size in the Middle East

The Middle Eastern objective lens market rose slightly to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, recorded a noticeable slump. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Objective Lens Production in the Middle East

In value terms, objective lens production totaled $X in 2022 estimated in export price. In general, production, however, showed a mild decrease. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Objective Lens Exports

Exports in the Middle East

In 2022, after two years of decline, there was significant growth in overseas shipments of objective lenses for cameras, projectors or photographic enlargers or reducers, when their volume increased by X% to X units. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, objective lens exports skyrocketed to $X in 2022. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X units) represented roughly X% of total exports in 2022.

The United Arab Emirates was also the fastest-growing in terms of the objective lenses for cameras, projectors or photographic enlargers or reducers exports, with a CAGR of X% from 2012 to 2022. While the share of the United Arab Emirates (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest objective lens supplier in the Middle East.

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

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, declining by X% against the previous year. Overall, the export price showed a pronounced contraction. The growth pace was the most rapid in 2020 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then plummeted in the following year.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Objective Lens Imports

Imports in the Middle East

In 2022, overseas purchases of objective lenses for cameras, projectors or photographic enlargers or reducers increased by X% to X units, rising for the third consecutive year after three years of decline. In general, imports saw a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, objective lens imports skyrocketed to $X in 2022. Over the period under review, imports posted a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates prevails in imports structure, reaching X units, which was approx. X% of total imports in 2022. Turkey (X units) ranks second in terms of the total imports with a X% share, followed by Israel (X%). Kuwait (X units), Bahrain (X units) and Iraq (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to objective lens imports into the United Arab Emirates stood at X%. At the same time, Bahrain (X%), Iraq (X%), Kuwait (X%) and Israel (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Turkey (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Kuwait and Bahrain increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported objective lenses for cameras, projectors or photographic enlargers or reducers in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Israel ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Israel (X% per year) and Turkey (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the import price saw a noticeable reduction. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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