Australia and Oceania: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in Australia and Oceania

In 2021, the spectacle plastic frame market in Australia and Oceania increased by 5.9% to $X for the first time since 2017, thus ending a three-year declining trend. The market value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Spectacle Plastic Frame Production in Australia and Oceania

In value terms, spectacle plastic frame production dropped to $X in 2021 estimated in export price. In general, production continues to indicate buoyant growth. The growth pace was the most rapid in 2015 when the production volume increased by 96%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Spectacle Plastic Frame Exports

Exports in Australia and Oceania

In 2021, the amount of plastic frames and mountings for spectacles and goggles exported in Australia and Oceania surged to X units, growing by 29% against the previous year. Over the period under review, exports, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2017 with an increase of 48%. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, spectacle plastic frame exports expanded significantly to $X in 2021. In general, exports, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 68% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Australia prevails in exports structure, resulting at X units, which was approx. 94% of total exports in 2021. It was distantly followed by New Zealand (X units), comprising a 6.2% share of total exports.

Exports from Australia decreased at an average annual rate of -4.2% from 2012 to 2021. At the same time, New Zealand (+13.6%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +13.6% from 2012-2021. While the share of New Zealand (+4.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Australia (-4.9 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest spectacle plastic frame supplier in Australia and Oceania, comprising 90% of total exports. The second position in the ranking was held by New Zealand ($X), with a 9.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Australia amounted to -12.0%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2021, which is down by -12.8% against the previous year. Over the period under review, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2013 an increase of 34%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was New Zealand ($X per unit), while Australia amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (-0.5%).

Spectacle Plastic Frame Imports

Imports in Australia and Oceania

In 2021, approx. X units of plastic frames and mountings for spectacles and goggles were imported in Australia and Oceania; growing by 7% compared with the year before. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when imports increased by 20%. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, spectacle plastic frame imports expanded rapidly to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 21% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Australia prevails in imports structure, resulting at X units, which was near 94% of total imports in 2021. It was distantly followed by New Zealand (X units), committing a 4.8% share of total imports.

Australia was also the fastest-growing in terms of the plastic frames and mountings for spectacles and goggles imports, with a CAGR of +1.7% from 2012 to 2021. New Zealand experienced a relatively flat trend pattern. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported plastic frames and mountings for spectacles and goggles in Australia and Oceania, comprising 91% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 7.5% share of total imports.

In Australia, spectacle plastic frame imports remained relatively stable over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per unit, picking up by 4.9% against the previous year. In general, the import price, however, showed a slight decrease. The most prominent rate of growth was recorded in 2020 an increase of 15%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was New Zealand ($X per unit), while Australia amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (-1.7%).

Source: IndexBox Platform

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