Argentina: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in Argentina

In 2021, the Argentinian spectacle plastic frame market increased by 59% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption enjoyed a remarkable increase. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Spectacle Plastic Frame Exports

Exports from Argentina

In 2021, after four years of decline, there was significant growth in overseas shipments of plastic frames and mountings for spectacles and goggles, when their volume increased by 61% to X units. Overall, exports, however, recorded a dramatic slump. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, spectacle plastic frame exports surged to $X in 2021. Over the period under review, exports, however, faced a sharp contraction. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil (X units), Venezuela (X units) and Spain (X units) were the main destinations of spectacle plastic frame exports from Argentina, together comprising 84% of total exports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of -10.9%), while shipments for the other leaders experienced a decline.

In value terms, Venezuela ($X) remains the key foreign market for plastic frames and mountings for spectacles and goggles exports from Argentina, comprising 46% of total exports. The second position in the ranking was taken by Brazil ($X), with a 15% share of total exports. It was followed by Uruguay, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Venezuela totaled -12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-45.5% per year) and Uruguay (-26.7% per year).

Export Prices by Country

In 2021, the average spectacle plastic frame export price amounted to $X per unit, falling by -9.3% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 60% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Panama ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Plastic Frame Imports

Imports into Argentina

In 2021, purchases abroad of plastic frames and mountings for spectacles and goggles was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports posted a remarkable increase. The growth pace was the most rapid in 2017 with an increase of 79% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, spectacle plastic frame imports skyrocketed to $X in 2021. Overall, imports saw prominent growth. The growth pace was the most rapid in 2016 with an increase of 74%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India (X units), Turkey (X units) and Japan (X units) were the main suppliers of spectacle plastic frame imports to Argentina, together comprising 42% of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +40.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spectacle plastic frame suppliers to Argentina were Italy ($X), Japan ($X) and Brazil ($X), together accounting for 39% of total imports. China, South Korea, Turkey, Taiwan (Chinese), India, Chile and Hong Kong SAR lagged somewhat behind, together accounting for a further 27%.

Taiwan (Chinese), with a CAGR of +39.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spectacle plastic frame import price stood at $X per unit in 2021, falling by -11% against the previous year. In general, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, spectacle plastic frame import price decreased by -34.7% against 2016 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 44%. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Hong Kong SAR ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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