Canada: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in Canada

In 2021, the Canadian spectacle non-plastic frame market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, continues to indicate a perceptible descent. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Spectacle Non-Plastic Frame Production in Canada

In value terms, spectacle non-plastic frame production reached $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 46% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Spectacle Non-Plastic Frame Exports

Exports from Canada

In 2021, the amount of non-plastic frames and mountings for spectacles and goggles exported from Canada surged to X units, increasing by 44% compared with 2020. In general, exports, however, showed a mild descent. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, spectacle non-plastic frame exports skyrocketed to $X in 2021. Overall, exports, however, showed a deep reduction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for spectacle non-plastic frame exports from Canada, with a 76% share of total exports. Moreover, spectacle non-plastic frame exports to the United States exceeded the volume sent to the second major destination, India (X units), eightfold. The third position in this ranking was taken by France (X units), with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+180.7% per year) and France (-1.0% per year).

In value terms, the United States ($X) remains the key foreign market for non-plastic frames and mountings for spectacles and goggles exports from Canada, comprising 70% of total exports. The second position in the ranking was held by India ($X), with a 13% share of total exports. It was followed by France, with a 3.9% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+217.7% per year) and France (-3.6% per year).

Export Prices by Country

In 2021, the average spectacle non-plastic frame export price amounted to $X per unit, increasing by 4.7% against the previous year. In general, the export price, however, continues to indicate a perceptible decrease. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Australia ($X per unit), while the average price for exports to Hungary ($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 India (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Non-Plastic Frame Imports

Imports into Canada

In 2021, supplies from abroad of non-plastic frames and mountings for spectacles and goggles was finally on the rise to reach X units after seven years of decline. Over the period under review, imports, however, saw a noticeable curtailment. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, spectacle non-plastic frame imports soared to $X in 2021. Overall, imports, however, showed a perceptible decrease. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest spectacle non-plastic frame supplier to Canada, with a 73% share of total imports. Moreover, spectacle non-plastic frame imports from China exceeded the figures recorded by the second-largest supplier, Bangladesh (X units), ninefold. The third position in this ranking was held by Italy (X units), with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (+180.7% per year) and Italy (-9.1% per year).

In value terms, China ($X) constituted the largest supplier of non-plastic frames and mountings for spectacles and goggles to Canada, comprising 53% of total imports. The second position in the ranking was taken by Italy ($X), with a 16% share of total imports. It was followed by France, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-4.6% per year) and France (-5.2% per year).

Import Prices by Country

The average spectacle non-plastic frame import price stood at $X per unit in 2021, picking up by 3.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 38% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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