Report Update Nov 1, 2024

Azerbaijan - Frames and Mountings for Spectacles, Goggles or the Like - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Spectacle Frame Market 2024

Spectacle Frame Market Size in Azerbaijan

The Azerbaijani spectacle frame market soared to $X in 2022, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed significant growth. Spectacle frame consumption peaked in 2022 and is likely to continue growth in years to come.

Spectacle Frame Exports

Exports from Azerbaijan

In 2022, approx. X units of frames and mountings for spectacles, goggles or the like were exported from Azerbaijan; reducing by X% on the previous year's figure. In general, exports, however, recorded a prominent expansion. Over the period under review, the exports hit record highs at X units in 2021, and then declined significantly in the following year.

In value terms, spectacle frame exports dropped sharply to $X in 2022. Overall, exports faced a dramatic contraction. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Georgia (X units) was the main destination for spectacle frame exports from Azerbaijan, with a approx. X% share of total exports.

From 2014 to 2022, the average annual rate of growth in terms of volume to Georgia stood at X%.

In value terms, Georgia ($X) also remains the key foreign market for frames and mountings for spectacles, goggles or the like exports from Azerbaijan.

From 2014 to 2022, the average annual rate of growth in terms of value to Georgia stood at X%.

Export Prices by Country

In 2022, the average spectacle frame export price amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the export price continues to indicate a sharp shrinkage. Over the period under review, the average export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Georgia.

From 2014 to 2022, the rate of growth in terms of prices for Georgia amounted to X% per year.

Spectacle Frame Imports

Imports into Azerbaijan

In 2022, the amount of frames and mountings for spectacles, goggles or the like imported into Azerbaijan soared to X units, growing by X% on 2021. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, spectacle frame imports surged to $X in 2022. Over the period under review, imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest spectacle frame supplier to Azerbaijan, with a X% share of total imports. Moreover, spectacle frame imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), eightfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Japan (X% per year).

In value terms, China ($X), Turkey ($X) and Japan ($X) constituted the largest spectacle frame suppliers to Azerbaijan, with a combined X% share of total imports.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average spectacle frame import price stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the import price recorded a sharp decrease. The pace of growth was the most pronounced in 2013 an increase of X%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frames and mountings for spectacles, goggles or the like in the world?

The countries with the highest volumes of in 2021 were China, South Africa and the United States, with a combined 51% share of global consumption. Mexico, Italy, Japan, Indonesia, France, Bangladesh, Hong Kong SAR and the Philippines lagged somewhat behind, together comprising a further 25%.

What are the largest producers of frames and mountings for spectacles, goggles or the like in the world?

The country with the largest volume of spectacle frame production was China, accounting for 61% of total volume. Moreover, spectacle frame production in China exceeded the figures recorded by the second-largest producer, Italy, tenfold. Hong Kong SAR ranked third in terms of total production with a 5.7% share.

What are the leading suppliers of frames and mountings for spectacles, goggles or the like to Azerbaijan?

In value terms, China, Turkey and Japan were the largest spectacle frame suppliers to Azerbaijan, with a combined 81% share of total imports.

What are the leading importers of frames and mountings for spectacles, goggles or the like from Azerbaijan?

In value terms, Georgia remains the key foreign market for spectacle frame exports from Azerbaijan.

What is the average export price for frames and mountings for spectacles, goggles or the like in Azerbaijan?

The average spectacle frame export price stood at $10 per unit in 2021, picking up by 13% against the previous year.

What is the average import price for frames and mountings for spectacles, goggles or the like in Azerbaijan?

The average spectacle frame import price stood at $4.1 per unit in 2021, dropping by -57.9% against the previous year.

This report provides an in-depth analysis of the spectacle frame market in Azerbaijan. 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:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023