Report Update Nov 1, 2024

Azerbaijan - Plastic Frames and Mountings for Spectacles and Goggles - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in Azerbaijan

In 2021, the Azerbaijani spectacle plastic frame market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption posted a moderate increase. Spectacle plastic frame consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Spectacle Plastic Frame Production in Azerbaijan

In value terms, spectacle plastic frame production rose rapidly to $X in 2021 estimated in export price. In general, production saw a measured expansion. The growth pace was the most rapid in 2016 with an increase of 67% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Spectacle Plastic Frame Exports

Exports from Azerbaijan

After two years of growth, shipments abroad of plastic frames and mountings for spectacles and goggles decreased by -56.6% to X units in 2021. In general, exports showed a deep contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 496% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, spectacle plastic frame exports declined rapidly to $X in 2021. Over the period under review, exports faced a sharp shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by 361%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Georgia (X units) was the main destination for spectacle plastic frame exports from Azerbaijan, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Georgia totaled -14.2%.

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

From 2012 to 2021, the average annual rate of growth in terms of value to Georgia totaled -21.1%.

Export Prices by Country

In 2021, the average spectacle plastic frame export price amounted to $X per unit, which is down by -2.2% against the previous year. Overall, the export price saw a abrupt contraction. The pace of growth appeared the most rapid in 2014 an increase of 154%. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Georgia amounted to -8.1% per year.

Spectacle Plastic Frame Imports

Imports into Azerbaijan

In 2021, spectacle plastic frame imports into Azerbaijan skyrocketed to X units, rising by 205% compared with the previous year. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 886% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, spectacle plastic frame imports soared to $X in 2021. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 204% 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.

Imports by Country

In 2021, Turkey (X units) constituted the largest supplier of spectacle plastic frame to Azerbaijan, with a 54% share of total imports. Moreover, spectacle plastic frame imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X units), twofold.

From 2012 to 2021, the average annual growth rate of volume from Turkey stood at +108.2%.

In value terms, Turkey ($X) constituted the largest supplier of plastic frames and mountings for spectacles and goggles to Azerbaijan, comprising 32% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Turkey amounted to +78.3%.

Import Prices by Country

In 2021, the average spectacle plastic frame import price amounted to $X per unit, standing approx. at the previous year. Over the period under review, the import price saw a precipitous descent. The pace of growth was the most pronounced in 2017 when the average import price increased by 47%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Turkey ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-14.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for plastic frames and mountings for spectacles and goggles in the world?

China constituted the country with the largest volume of spectacle plastic frame consumption, accounting for 33% of total volume. Moreover, spectacle plastic frame consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by Mexico, with a 7.4% share.

What are the largest producers of plastic frames and mountings for spectacles and goggles in the world?

China constituted the country with the largest volume of spectacle plastic frame production, accounting for 68% of total volume. Moreover, spectacle plastic frame production in China exceeded the figures recorded by the second-largest producer, Hong Kong SAR, eightfold. Italy ranked third in terms of total production with a 5.3% share.

What are the leading suppliers of plastic frames and mountings for spectacles and goggles to Azerbaijan?

In value terms, Turkey constituted the largest supplier of spectacle plastic frame to Azerbaijan, comprising 55% of total imports. The second position in the ranking was occupied by Italy, with a 22% share of total imports.

What are the leading importers of plastic frames and mountings for spectacles and goggles from Azerbaijan?

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

What is the average export price for plastic frames and mountings for spectacles and goggles in Azerbaijan?

In 2021, the average spectacle plastic frame export price amounted to $4.9 per unit, with a decrease of -10.8% against the previous year.

What is the average import price for plastic frames and mountings for spectacles and goggles in Azerbaijan?

In 2021, the average spectacle plastic frame import price amounted to $2.2 per unit, reducing by -66% against the previous year.

This report provides an in-depth analysis of the spectacle plastic 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

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