Middle East: Mounted Objective Lens Market 2024

Mounted Objective Lens Market Size in the Middle East

In 2022, the Middle Eastern mounted objective lens market decreased by X% to $X, falling for the third consecutive year after two years of growth. Overall, consumption saw a pronounced slump. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Mounted Objective Lens Production in the Middle East

In value terms, mounted objective lens production soared to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible contraction. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Mounted Objective Lens Exports

Exports in the Middle East

In 2022, shipments abroad of mounted objective lenses increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. 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, mounted objective lens exports soared to $X in 2022. In general, exports posted a strong expansion. 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, finishing at X units, which was near X% of total exports in 2022. It was distantly followed by Israel (X units), mixing up a X% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the mounted objective lenses exports, with a CAGR of X% from 2012 to 2022. At the same time, Israel (X%) displayed positive paces of growth. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points.

In value terms, the United Arab Emirates ($X) remains the largest mounted objective lens supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Israel ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, reducing by X% against the previous year. In general, the export price saw a deep downturn. 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 fell remarkably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per unit), while the United Arab Emirates stood at $X per unit.

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

Mounted Objective Lens Imports

Imports in the Middle East

In 2022, purchases abroad of mounted objective lenses was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports saw prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, mounted objective lens imports surged to $X in 2022. Total imports indicated a strong increase 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates dominates imports structure, amounting to X units, which was near X% of total imports in 2022. Israel (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (X%). Bahrain (X units), Iraq (X units) and Kuwait (X units) took a minor share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Bahrain (X%) and Iraq (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. Israel experienced a relatively flat trend pattern. By contrast, Turkey (X%) and Kuwait (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Bahrain (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total imports, while Israel and Turkey 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 United Arab Emirates ($X) constitutes the largest market for imported mounted objective lenses in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Israel ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

In the United Arab Emirates, mounted objective lens imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, declining by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2021, and then fell dramatically in the following year.

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 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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