Central Asia: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in Central Asia

In 2021, the Central Asian spectacle plastic frame market was finally on the rise to reach $X after two years of decline. In general, consumption recorded a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Spectacle Plastic Frame Production in Central Asia

In value terms, spectacle plastic frame production totaled $X in 2021 estimated in export price. In general, production, however, continues to indicate resilient growth. The growth pace was the most rapid in 2017 when the production volume increased by 64% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Spectacle Plastic Frame Exports

Exports in Central Asia

In 2021, exports of plastic frames and mountings for spectacles and goggles in Central Asia contracted dramatically to X units, shrinking by -85% on 2020 figures. Over the period under review, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 3,529%. As a result, the exports attained the peak of X units, and then dropped significantly in the following year.

In value terms, spectacle plastic frame exports dropped to $X in 2021. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 813% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then contracted in the following year.

Exports by Country

Uzbekistan represented the major exporter of plastic frames and mountings for spectacles and goggles in Central Asia, with the volume of exports reaching X units, which was approx. 86% of total exports in 2021. It was distantly followed by Kazakhstan (X units), generating a 14% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to spectacle plastic frame exports from Uzbekistan stood at -86.6%. At the same time, Kazakhstan (+46.5%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +46.5% from 2012-2021. Uzbekistan (+86 p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by -18.1% from 2012 to 2021, respectively.

In value terms, Uzbekistan ($X) remains the largest spectacle plastic frame supplier in Central Asia, comprising 87% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Uzbekistan stood at +1.1%.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per unit, jumping by 471% against the previous year. In general, the export price continues to indicate noticeable growth. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Uzbekistan ($X per unit), while Kazakhstan amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+656.2%).

Spectacle Plastic Frame Imports

Imports in Central Asia

In 2021, supplies from abroad of plastic frames and mountings for spectacles and goggles increased by 77% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports posted prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 159% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, spectacle plastic frame imports skyrocketed to $X in 2021. Overall, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Kazakhstan dominates imports structure, resulting at X units, which was near 97% of total imports in 2021. Kyrgyzstan (X units) followed a long way behind the leaders.

Kazakhstan was also the fastest-growing in terms of the plastic frames and mountings for spectacles and goggles imports, with a CAGR of +7.9% from 2012 to 2021. Kyrgyzstan (-15.9%) illustrated a downward trend over the same period. Kazakhstan (+16 p.p.) significantly strengthened its position in terms of the total imports, while Kyrgyzstan saw its share reduced by -13.4% from 2012 to 2021, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported plastic frames and mountings for spectacles and goggles in Central Asia, comprising 98% of total imports. The second position in the ranking was held by Kyrgyzstan ($X), with a 0.5% share of total imports.

In Kazakhstan, spectacle plastic frame imports expanded at an average annual rate of +1.8% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per unit, with a decrease of -28.4% against the previous year. Over the period under review, the import price continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2014 an increase of 60% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Kazakhstan ($X per unit), while Kyrgyzstan stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (-5.7%).

Source: IndexBox Platform

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