Belgium: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in Belgium

The Belgian spectacle plastic frame market dropped notably to $X in 2021, with a decrease of -36.3% against the previous year. Over the period under review, consumption saw a abrupt setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Spectacle Plastic Frame Production in Belgium

In value terms, spectacle plastic frame production declined sharply to $X in 2021 estimated in export price. Overall, production, however, recorded slight growth. The growth pace was the most rapid in 2020 with an increase of 396% against the previous year. As a result, production reached the peak level of $X, and then declined dramatically in the following year.

Spectacle Plastic Frame Exports

Exports from Belgium

For the third consecutive year, Belgium recorded growth in shipments abroad of plastic frames and mountings for spectacles and goggles, which increased by 1.4% to X units in 2021. Over the period under review, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2013 with an increase of 157% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, spectacle plastic frame exports shrank to $X in 2021. Overall, exports, however, continue to indicate a pronounced reduction. The pace of growth was the most pronounced in 2019 with an increase of 82%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

France (X units) was the main destination for spectacle plastic frame exports from Belgium, with a 46% share of total exports. Moreover, spectacle plastic frame exports to France exceeded the volume sent to the second major destination, Germany (X units), threefold. The Netherlands (X units) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France stood at +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+41.9% per year) and the Netherlands (-13.6% per year).

In value terms, France ($X) remains the key foreign market for plastic frames and mountings for spectacles and goggles exports from Belgium, comprising 44% of total exports. The second position in the ranking was held by Germany ($X), with a 13% share of total exports. It was followed by the United States, with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+29.4% per year) and the United States (+2.9% per year).

Export Prices by Country

In 2021, the average spectacle plastic frame export price amounted to $X per unit, shrinking by -2.5% against the previous year. In general, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2014 when the average export price increased by 27%. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Morocco ($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 Spain (-2.4%), while the prices for the other major destinations experienced a decline.

Spectacle Plastic Frame Imports

Imports into Belgium

In 2021, the amount of plastic frames and mountings for spectacles and goggles imported into Belgium dropped to X units, which is down by -9.8% compared with 2020 figures. In general, imports showed a mild setback. The pace of growth was the most pronounced in 2017 with an increase of 104% against the previous year. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, spectacle plastic frame imports expanded sharply to $X in 2021. Overall, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2013 with an increase of 69% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of spectacle plastic frame to Belgium, with a 71% share of total imports. Moreover, spectacle plastic frame imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold. The Netherlands (X units) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-1.7% per year) and the Netherlands (-18.5% per year).

In value terms, the largest spectacle plastic frame suppliers to Belgium were China ($X), Italy ($X) and the Netherlands ($X), together accounting for 89% of total imports.

China, with a CAGR of +7.8%, saw 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 a decline.

Import Prices by Country

The average spectacle plastic frame import price stood at $X per unit in 2021, picking up by 17% against the previous year. Over the period under review, the import price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 when the average import price increased by 61%. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :