CIS: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in CIS

After three years of decline, the CIS spectacle plastic frame market increased by 66% to $X in 2021. The total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Spectacle Plastic Frame Production in CIS

In value terms, spectacle plastic frame production expanded sharply to $X in 2021 estimated in export price. Overall, production saw tangible growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by 45% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Spectacle Plastic Frame Exports

Exports in CIS

In 2021, overseas shipments of plastic frames and mountings for spectacles and goggles increased by 21% to X units for the first time since 2018, thus ending a two-year declining trend. In general, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 112%. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, spectacle plastic frame exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 143% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Russia was the main exporting country with an export of about X units, which reached 68% of total exports. It was distantly followed by Belarus (X units), mixing up a 28% share of total exports. Uzbekistan (X units) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to spectacle plastic frame exports from Russia stood at +12.0%. At the same time, Belarus (+22.8%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +22.8% from 2012-2021. By contrast, Uzbekistan (-86.6%) illustrated a downward trend over the same period. Belarus (+15 p.p.) and Uzbekistan (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by -6.6% from 2012 to 2021, respectively.

In value terms, Russia ($X) remains the largest spectacle plastic frame supplier in the CIS, comprising 84% of total exports. The second position in the ranking was held by Belarus ($X), with a 6.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Russia totaled +19.0%. In the other countries, the average annual rates were as follows: Belarus (+20.2% per year) and Uzbekistan (+1.1% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per unit, growing by 47% against the previous year. In general, the export price recorded a notable increase. The growth pace was the most rapid in 2014 when the export price increased by 53%. The level of export peaked 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 amongst the major exporting countries. In 2021, the country with the highest price was Uzbekistan ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+656.2%), while the other leaders experienced mixed trends in the export price figures.

Spectacle Plastic Frame Imports

Imports in CIS

In 2021, spectacle plastic frame imports in the CIS skyrocketed to X units, jumping by 110% on the previous year's figure. Overall, imports showed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, spectacle plastic frame imports skyrocketed to $X in 2021. In general, imports, however, recorded a mild shrinkage. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Russia prevails in imports structure, finishing at X units, which was near 89% of total imports in 2021. It was distantly followed by Belarus (X units), constituting a 6.6% share of total imports. The following importers - Kazakhstan (X units) and Azerbaijan (X units) - each reached a 3.4% share of total imports.

Imports into Russia increased at an average annual rate of +7.7% from 2012 to 2021. At the same time, Azerbaijan (+66.6%), Kazakhstan (+7.9%) and Belarus (+2.0%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +66.6% from 2012-2021. Russia (+4.5 p.p.) and Azerbaijan (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while Belarus saw its share reduced by -3.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported plastic frames and mountings for spectacles and goggles in the CIS, comprising 77% of total imports. The second position in the ranking was taken by Belarus ($X), with a 15% share of total imports. It was followed by Kazakhstan, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia totaled -2.4%. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (+4.0% per year) and Kazakhstan (+1.8% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per unit, dropping by -35.6% against the previous year. In general, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2014 when the import price increased by 50%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+1.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :