Austria: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in Austria

In 2021, the Austrian spectacle plastic frame market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +9.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Spectacle Plastic Frame Production in Austria

In value terms, spectacle plastic frame production reduced to $X in 2021 estimated in export price. Overall, production recorded a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 143% against the previous year. Spectacle plastic frame production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Spectacle Plastic Frame Exports

Exports from Austria

In 2021, after three years of decline, there was significant growth in shipments abroad of plastic frames and mountings for spectacles and goggles, when their volume increased by 13% to X units. Over the period under review, exports, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 69% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, spectacle plastic frame exports skyrocketed to $X in 2021. Overall, exports showed strong growth. The most prominent rate of growth was recorded in 2014 when exports increased by 46%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Romania (X units), the Czech Republic (X units) and the United States (X units) were the main destinations of spectacle plastic frame exports from Austria, with a combined 51% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +124.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and the Czech Republic ($X) constituted the largest markets for spectacle plastic frame exported from Austria worldwide, together accounting for 48% of total exports. France, Italy, Switzerland, Romania, the UK, the Netherlands, the United Arab Emirates, Poland, Hong Kong SAR and Japan lagged somewhat behind, together accounting for a further 28%.

Among the main countries of destination, Romania, with a CAGR of +121.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average spectacle plastic frame export price amounted to $X per unit, rising by 14% against the previous year. Over the period under review, the export price recorded prominent growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 136% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Romania ($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 Hong Kong SAR (+26.4%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Plastic Frame Imports

Imports into Austria

In 2021, after three years of decline, there was significant growth in purchases abroad of plastic frames and mountings for spectacles and goggles, when their volume increased by 12% to X units. Overall, imports, however, continue to indicate a mild curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 27%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, spectacle plastic frame imports soared to $X in 2021. The total import value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), China (X units) and Italy (X units) were the main suppliers of spectacle plastic frame imports to Austria, together accounting for 76% of total imports. These countries were followed by the Czech Republic, the Netherlands, the UK, the United States and Japan, which together accounted for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +46.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), the Czech Republic ($X) and Italy ($X) were the largest spectacle plastic frame suppliers to Austria, together comprising 85% of total imports. These countries were followed by China, the Netherlands, the UK, the United States and Japan, which together accounted for a further 12%.

Among the main suppliers, the Netherlands, with a CAGR of +42.2%, saw the highest rates of growth with regard to the value of imports, 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, with an increase of 23% against the previous year. Over the period under review, the import price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 93%. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was the Czech Republic ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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