Asia-Pacific: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in Asia-Pacific

The Asia-Pacific spectacle non-plastic frame market stood at $X in 2021, surging by 2.3% against the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Spectacle Non-Plastic Frame Production in Asia-Pacific

In value terms, spectacle non-plastic frame production stood at $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 when the production volume increased by 27%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Spectacle Non-Plastic Frame Exports

Exports in Asia-Pacific

Spectacle non-plastic frame exports surged to X units in 2021, picking up by 19% on the previous year. In general, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 352%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, spectacle non-plastic frame exports soared to $X in 2021. The total export value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Hong Kong SAR (X units) represented the largest exporter of non-plastic frames and mountings for spectacles and goggles, mixing up 57% of total exports. China (X units) held a 27% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (6.7%). Japan (X units) and Bangladesh (X units) took a relatively small share of total exports.

Exports from Hong Kong SAR decreased at an average annual rate of -3.4% from 2012 to 2021. At the same time, Bangladesh (+34.0%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +34.0% from 2012-2021. Japan and South Korea experienced a relatively flat trend pattern. By contrast, China (-20.8%) illustrated a downward trend over the same period. Hong Kong SAR (+32 p.p.), South Korea (+4.6 p.p.), Japan (+2.5 p.p.) and Bangladesh (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -43.4% from 2012 to 2021, respectively.

In value terms, the largest spectacle non-plastic frame supplying countries in Asia-Pacific were China ($X), Hong Kong SAR ($X) and Japan ($X), together accounting for 92% of total exports. South Korea and Bangladesh lagged somewhat behind, together accounting for a further 5%.

Bangladesh, with a CAGR of +40.2%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, with an increase of 10% against the previous year. In general, the export price continues to indicate strong growth. The growth pace was the most rapid in 2014 an increase of 345%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+31.6%), while the other leaders experienced more modest paces of growth.

Spectacle Non-Plastic Frame Imports

Imports in Asia-Pacific

In 2021, the amount of non-plastic frames and mountings for spectacles and goggles imported in Asia-Pacific skyrocketed to X units, picking up by 29% against the previous year. In general, imports showed tangible growth. The most prominent rate of growth was recorded in 2017 when imports increased by 62% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, spectacle non-plastic frame imports soared to $X in 2021. Total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 20% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

India (X units) and Hong Kong SAR (X units) dominates imports structure, together creating 74% of total imports. It was distantly followed by Japan (X units), generating a 7.7% share of total imports. Thailand (X units), China (X units), South Korea (X units) and Pakistan (X units) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +41.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported non-plastic frames and mountings for spectacles and goggles in Asia-Pacific, comprising 44% of total imports. The second position in the ranking was held by Japan ($X), with a 12% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Hong Kong SAR stood at +5.7%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-1.6% per year) and China (+5.7% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per unit, falling by -10.1% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 37% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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