CIS: Spectacle Frame Market 2024

Spectacle Frame Market Size in CIS

In 2022, the CIS spectacle frame market increased by X% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a moderate 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, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Spectacle Frame Production in CIS

In value terms, spectacle frame production declined slightly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Spectacle Frame Exports

Exports in CIS

In 2022, exports of frames and mountings for spectacles, goggles or the like in the CIS surged to X units, with an increase of X% against 2021. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, spectacle frame exports soared to $X in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Armenia prevails in exports structure, accounting for X units, which was approx. X% of total exports in 2022. It was distantly followed by Uzbekistan (X units), generating a X% share of total exports. Russia (X units) took a relatively small share of total exports.

Armenia experienced a relatively flat trend pattern with regard to volume of exports of frames and mountings for spectacles, goggles or the like. At the same time, Uzbekistan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Russia (X%) illustrated a downward trend over the same period. Armenia (X p.p.) and Uzbekistan (X p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Armenia ($X) emerged as the largest spectacle frame supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Armenia was relatively modest. In the other countries, the average annual rates were as follows: Russia (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the export price faced a abrupt shrinkage. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Russia ($X per unit), while Armenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%).

Spectacle Frame Imports

Imports in CIS

In 2022, the amount of frames and mountings for spectacles, goggles or the like imported in the CIS soared to X units, jumping by X% against the previous year. Over the period under review, imports showed prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, spectacle frame imports surged to $X in 2022. In general, imports saw a notable expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Russia dominates imports structure, finishing at X units, which was near X% of total imports in 2022. Azerbaijan (X units) and Belarus (X units) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to spectacle frame imports into Russia stood at X%. At the same time, Azerbaijan (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Belarus (X%) illustrated a downward trend over the same period. While the share of Azerbaijan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Russia (X p.p.) and Belarus (X p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported frames and mountings for spectacles, goggles or the like in the CIS, comprising X% of total imports. The second position in the ranking was taken by Belarus ($X), with a X% share of total imports.

In Russia, spectacle frame imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Azerbaijan (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per unit in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belarus ($X per unit), while Azerbaijan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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