Bulgaria: Spectacle Frame Market 2024

Spectacle Frame Market Size in Bulgaria

In 2022, the Bulgarian spectacle frame market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Spectacle frame consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Spectacle Frame Exports

Exports from Bulgaria

In 2022, shipments abroad of frames and mountings for spectacles, goggles or the like was finally on the rise to reach X units after two years of decline. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, spectacle frame exports fell rapidly to $X in 2022. In general, exports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then fell remarkably in the following year.

Exports by Country

Serbia (X units) was the main destination for spectacle frame exports from Bulgaria, accounting for a X% share of total exports. Moreover, spectacle frame exports to Serbia exceeded the volume sent to the second major destination, Greece (X units), twofold. Italy (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Serbia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (X% per year) and Italy (X% per year).

In value terms, the largest markets for spectacle frame exported from Bulgaria were Greece ($X), Serbia ($X) and Lithuania ($X), with a combined X% share of total exports.

Serbia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average spectacle frame export price amounted to $X per unit, which is down by X% against the previous year. In general, the export price saw a perceptible decrease. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to North Macedonia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Frame Imports

Imports into Bulgaria

In 2022, approx. X units of frames and mountings for spectacles, goggles or the like were imported into Bulgaria; which is down by X% on the year before. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, spectacle frame imports skyrocketed to $X in 2022. Overall, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X units), Austria (X units) and Italy (X units) were the main suppliers of spectacle frame imports to Bulgaria, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of frames and mountings for spectacles, goggles or the like to Bulgaria, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

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

Import Prices by Country

The average spectacle frame import price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spectacle frame import price increased by X% against 2018 indices. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

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 Italy ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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