Australia - Frames And Mountings For Spectacles, Goggles Or The Like - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAustralia's Import of Frames Shows Significant Growth Reaching $4.2M in January 2024
Australia Spectacle Frame Imports
In January 2024, overseas purchases of frames and mountings for spectacles, goggles or the like were finally on the rise to reach 283K units for the first time since October 2023, thus ending a two-month declining trend. Overall, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the peak figure at 333K units in June 2023; afterwards, it flattened through to January 2024.
In value terms, spectacle frame imports totaled $4.2M (IndexBox estimates) in January 2024. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when imports increased by 59% against the previous month. As a result, imports reached the peak of $5.7M. From April 2023 to January 2024, the growth of imports remained at a somewhat lower figure.
| COUNTRY | Import Value of Spectacle Frame in Australia (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 | Jan 2024 | |
| China | 2.8 | 1.8 | 2.7 | 2.2 | 2.5 | 2.5 | 2.2 | 2.0 | 2.5 | 2.5 | 2.7 | 1.7 | 2.6 |
| Italy | 0.6 | 0.5 | 1.0 | 1.3 | 0.9 | 0.7 | 0.7 | 0.7 | 0.9 | 1.4 | 1.3 | 0.8 | 0.6 |
| Bangladesh | 0.1 | < 0.1 | 0.2 | 0.3 | < 0.1 | < 0.1 | < 0.1 | 0.2 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 |
| Others | 1.0 | 1.2 | 1.8 | 1.1 | 1.0 | 0.9 | 1.1 | 1.1 | 1.3 | 1.0 | 1.5 | 1.2 | 0.9 |
| Total | 4.4 | 3.6 | 5.7 | 4.9 | 4.5 | 4.3 | 4.1 | 4.0 | 4.8 | 5.0 | 5.6 | 3.8 | 4.2 |
Imports by Country
In January 2024, China (232K units) constituted the largest spectacle frame supplier to Australia, with a 82% share of total imports. Moreover, spectacle frame imports from China exceeded the figures recorded by the second-largest supplier, Italy (10K units), more than tenfold.
From January 2023 to January 2024, the average monthly growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Italy (+0.4% per month) and Bangladesh (-5.6% per month).
In value terms, China ($2.6M) constituted the largest supplier of spectacle frame to Australia, comprising 62% of total imports. The second position in the ranking was held by Italy ($608K), with a 14% share of total imports.
From January 2023 to January 2024, the average monthly rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Italy (+0.5% per month) and Bangladesh (-5.1% per month).
Imports by Type
Plastic frames and mountings for spectacles and goggles (171K units) and non-plastic frames and mountings for spectacles and goggles (112K units) were the main products of spectacle frame imports to Australia.
From January 2023 to January 2024, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by spectacle plastic frame (with a CAGR of +2.2%).
In value terms, the most traded types of frames and mountings for spectacles, goggles or the like in Australia were plastic frames and mountings for spectacles and goggles ($2.7M) and non-plastic frames and mountings for spectacles and goggles ($1.6M).
Import Prices by Country
In January 2024, the spectacle frame price stood at $15.0 per unit (CIF, Australia), shrinking by -28.1% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in September 2023 when the average import price increased by 37% month-to-month. As a result, import price reached the peak level of $22,421 per thousand units. From October 2023 to January 2024, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Denmark ($62.0 per unit), while the price for Vietnam ($5.5 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Bangladesh (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the spectacle frame market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32504350 - Plastic frames and mountings for spectacles, goggles or the like
- Prodcom 32504390 - Non-plastic frames and mountings for spectacles, goggles and the like
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
