Report Update Nov 1, 2024

Colombia - Plastic Frames and Mountings for Spectacles and Goggles - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in Colombia

In 2021, the Colombian spectacle plastic frame market increased by 128% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption posted resilient growth. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Spectacle Plastic Frame Exports

Exports from Colombia

In 2021, the amount of plastic frames and mountings for spectacles and goggles exported from Colombia surged to X units, rising by 40% on 2020. In general, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 624% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, spectacle plastic frame exports soared to $X in 2021. Over the period under review, exports posted buoyant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 425% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for spectacle plastic frame exports from Colombia, with a 55% share of total exports. Moreover, spectacle plastic frame exports to the United States exceeded the volume sent to the second major destination, Mexico (X units), fivefold. The third position in this ranking was taken by Chile (X units), with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+1.2% per year) and Chile (+29.1% per year).

In value terms, the United States ($X) remains the key foreign market for plastic frames and mountings for spectacles and goggles exports from Colombia, comprising 47% of total exports. The second position in the ranking was held by Mexico ($X), with an 11% share of total exports. It was followed by Chile, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+2.0% per year) and Chile (+14.2% per year).

Export Prices by Country

In 2021, the average spectacle plastic frame export price amounted to $X per unit, rising by 4.2% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 16%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Costa Rica ($X per unit), while the average price for exports to the United States ($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 Peru (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Plastic Frame Imports

Imports into Colombia

Spectacle plastic frame imports into Colombia surged to X units in 2021, rising by 93% on 2020. Overall, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 126% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, spectacle plastic frame imports skyrocketed to $X in 2021. In general, imports saw a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 151%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest spectacle plastic frame supplier to Colombia, accounting for a 89% share of total imports. Moreover, spectacle plastic frame imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +11.3%.

In value terms, China ($X) constituted the largest supplier of plastic frames and mountings for spectacles and goggles to Colombia, comprising 50% of total imports. The second position in the ranking was held by Italy ($X), with a 7.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +16.8%.

Import Prices by Country

The average spectacle plastic frame import price stood at $X per unit in 2021, with an increase of 9.2% against the previous year. Over the period under review, the import price saw a buoyant expansion. The pace of growth was the most pronounced in 2015 when the average import price increased by 52%. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+19.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for plastic frames and mountings for spectacles and goggles in the world?

China remains the largest spectacle plastic frame consuming country worldwide, accounting for 33% of total volume. Moreover, spectacle plastic frame consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Mexico ranked third in terms of total consumption with a 7.4% share.

What are the largest producers of plastic frames and mountings for spectacles and goggles in the world?

The country with the largest volume of spectacle plastic frame production was China, accounting for 68% of total volume. Moreover, spectacle plastic frame production in China exceeded the figures recorded by the second-largest producer, Hong Kong SAR, eightfold. Italy ranked third in terms of total production with a 5.3% share.

What are the leading suppliers of plastic frames and mountings for spectacles and goggles to Colombia?

In value terms, China constituted the largest supplier of spectacle plastic frame to Colombia, comprising 77% of total imports. The second position in the ranking was occupied by Italy, with a 12% share of total imports.

What are the leading importers of plastic frames and mountings for spectacles and goggles from Colombia?

In value terms, the United States emerged as the key foreign market for spectacle plastic frame exports from Colombia, comprising 50% of total exports. The second position in the ranking was occupied by Mexico, with a 12% share of total exports. It was followed by Chile, with a 10% share.

What is the average export price for plastic frames and mountings for spectacles and goggles in Colombia?

In 2021, the average spectacle plastic frame export price amounted to $7.7 per unit, reducing by -23.3% against the previous year.

What is the average import price for plastic frames and mountings for spectacles and goggles in Colombia?

In 2021, the average spectacle plastic frame import price amounted to $6.1 per unit, with a decrease of -26.3% against the previous year.

This report provides an in-depth analysis of the spectacle plastic frame market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32504350 - Plastic frames and mountings for spectacles, goggles or the like

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023