China: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in China

In 2021, the Chinese spectacle non-plastic frame market decreased by -1.8% to $X for the first time since 2016, thus ending a four-year rising trend. The market value increased at an average annual rate of +3.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Spectacle non-plastic frame consumption peaked at $X in 2020, and then shrank in the following year.

Spectacle Non-Plastic Frame Production in China

In value terms, spectacle non-plastic frame production totaled $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt slump. The growth pace was the most rapid in 2016 with an increase of 72%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Spectacle Non-Plastic Frame Exports

Exports from China

In 2021, the amount of non-plastic frames and mountings for spectacles and goggles exported from China skyrocketed to X units, with an increase of 22% against 2020. In general, exports, however, saw a precipitous descent. The pace of growth was the most pronounced in 2016 when exports increased by 851% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, spectacle non-plastic frame exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), India (X units) and Hong Kong SAR (X units) were the main destinations of spectacle non-plastic frame exports from China, together comprising 44% of total exports. These countries were followed by Italy, Mexico, France, Japan, Russia, Germany, the Netherlands, the UK, Chile and South Korea, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of -6.3%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for spectacle non-plastic frame exported from China were Hong Kong SAR ($X), the United States ($X) and Italy ($X), together comprising 56% of total exports. Japan, India, Germany, France, the Netherlands, the UK, Mexico, Russia, South Korea and Chile lagged somewhat behind, together comprising a further 28%.

The Netherlands, with a CAGR of +20.1%, recorded the highest growth rate of the value of exports, among 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

The average spectacle non-plastic frame export price stood at $X per unit in 2021, picking up by 17% against the previous year. Over the period under review, the export price posted a significant increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 863% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Chile ($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 Italy (+37.9%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Non-Plastic Frame Imports

Imports into China

In 2021, approx. X units of non-plastic frames and mountings for spectacles and goggles were imported into China; with an increase of 58% compared with 2020. Over the period under review, imports showed a resilient expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 88%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, spectacle non-plastic frame imports skyrocketed to $X in 2021. Overall, imports continue to indicate resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of spectacle non-plastic frame to China, accounting for a 34% share of total imports. Moreover, spectacle non-plastic frame imports from Italy exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. Denmark (X units) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to +24.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+2.5% per year) and Denmark (+35.2% per year).

In value terms, the largest spectacle non-plastic frame suppliers to China were Japan ($X), Italy ($X) and Denmark ($X), with a combined 61% share of total imports. Germany, France, Austria, South Korea and Hong Kong SAR lagged somewhat behind, together accounting for a further 14%.

In terms of the main suppliers, South Korea, with a CAGR of +16.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spectacle non-plastic frame import price stood at $X per unit in 2021, remaining constant against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 61%. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :