Croatia: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in Croatia

The Croatian spectacle non-plastic frame market skyrocketed to $X in 2021, rising by 28% against the previous year. Overall, consumption, however, continues to indicate a abrupt contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Spectacle Non-Plastic Frame Production in Croatia

In value terms, spectacle non-plastic frame production reached $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a slight shrinkage. Spectacle non-plastic frame production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Spectacle Non-Plastic Frame Exports

Exports from Croatia

In 2021, overseas shipments of non-plastic frames and mountings for spectacles and goggles increased by 108% to X units, rising for the third consecutive year after three years of decline. Overall, exports recorded a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, spectacle non-plastic frame exports soared to $X in 2021. In general, exports saw a resilient expansion. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X units), Bosnia and Herzegovina (X units) and Slovenia (X units) were the main destinations of spectacle non-plastic frame exports from Croatia, with a combined 86% share of total exports. Serbia, Albania and the Czech Republic lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Albania (with a CAGR of +73.7%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Slovenia ($X) and Bosnia and Herzegovina ($X) were the largest markets for spectacle non-plastic frame exported from Croatia worldwide, with a combined 86% share of total exports. Albania, Serbia and the Czech Republic lagged somewhat behind, together accounting for a further 13%.

In terms of the main countries of destination, Albania, with a CAGR of +54.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average spectacle non-plastic frame export price amounted to $X per unit, rising by 17% against the previous year. Over the period under review, the export price, however, saw a slight setback. The pace of growth was the most pronounced in 2016 when the average export price increased by 55%. The export price peaked 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 for the major export markets. In 2021, the country with the highest price was Albania ($X per unit), while the average price for exports to Bosnia and Herzegovina ($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 the UK (+42.4%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Non-Plastic Frame Imports

Imports into Croatia

Spectacle non-plastic frame imports into Croatia soared to X units in 2021, rising by 38% against the year before. Overall, imports, however, saw a noticeable downturn. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, spectacle non-plastic frame imports soared to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of spectacle non-plastic frame to Croatia, with a 71% share of total imports. Moreover, spectacle non-plastic frame imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), sevenfold. Austria (X units) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-22.3% per year) and Austria (+5.8% per year).

In value terms, Italy ($X) constituted the largest supplier of non-plastic frames and mountings for spectacles and goggles to Croatia, comprising 78% of total imports. The second position in the ranking was taken by Austria ($X), with a 10% share of total imports. It was followed by China, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+10.5% per year) and China (-23.6% per year).

Import Prices by Country

The average spectacle non-plastic frame import price stood at $X per unit in 2021, with an increase of 3.4% against the previous year. Over the last nine years, it increased at an average annual rate of +3.4%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 32%. The import price peaked in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+4.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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