CIS: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in CIS

In 2021, the CIS spectacle non-plastic frame market increased by 341% to $X, rising for the fifth consecutive year after four years of decline. Over the period under review, consumption showed a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Spectacle Non-Plastic Frame Production in CIS

In value terms, spectacle non-plastic frame production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 35%. 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 in CIS

Spectacle non-plastic frame exports soared to X units in 2021, picking up by 22% on 2020. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 192%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, spectacle non-plastic frame exports surged to $X in 2021. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 161% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Russia was the key exporting country with an export of about X units, which resulted at 74% of total exports. It was distantly followed by Belarus (X units), committing a 23% share of total exports.

Russia was also the fastest-growing in terms of the non-plastic frames and mountings for spectacles and goggles exports, with a CAGR of +33.0% from 2012 to 2021. At the same time, Belarus (+18.7%) displayed positive paces of growth. While the share of Russia (+25 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Belarus (-19.8 p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest spectacle non-plastic frame supplier in the CIS, comprising 80% of total exports. The second position in the ranking was taken by Belarus ($X), with a 4.6% share of total exports.

In Russia, spectacle non-plastic frame exports increased at an average annual rate of +28.6% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per unit, growing by 41% against the previous year. Overall, the export price, however, continues to indicate a slight curtailment. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Russia ($X per unit), while Belarus totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-3.3%).

Spectacle Non-Plastic Frame Imports

Imports in CIS

In 2021, imports of non-plastic frames and mountings for spectacles and goggles in the CIS soared to X units, picking up by 59% on 2020 figures. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, spectacle non-plastic frame imports surged to $X in 2021. Over the period under review, imports saw 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

Russia prevails in imports structure, finishing at X units, which was approx. 87% of total imports in 2021. It was distantly followed by Belarus (X units), generating an 8.1% share of total imports. Kazakhstan (X units) followed a long way behind the leaders.

Russia experienced a relatively flat trend pattern with regard to volume of imports of non-plastic frames and mountings for spectacles and goggles. At the same time, Kazakhstan (+3.4%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +3.4% from 2012-2021. Belarus experienced a relatively flat trend pattern. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported non-plastic frames and mountings for spectacles and goggles in the CIS, comprising 82% of total imports. The second position in the ranking was held by Belarus ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Russia was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (-2.6% per year) and Kazakhstan (-0.8% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per unit, with a decrease of -10.1% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 31%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Kazakhstan ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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