Denmark: Spectacle Frame Market 2024

Spectacle Frame Market Size in Denmark

The Danish spectacle frame market skyrocketed to $X in 2022, surging by X% against the previous year. Overall, consumption continues to indicate a significant increase. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Spectacle Frame Production in Denmark

In value terms, spectacle frame production surged to $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong expansion 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, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Over the period under review, production attained the peak level in 2022 and is likely to see gradual growth in the near future.

Spectacle Frame Exports

Exports from Denmark

For the third year in a row, Denmark recorded growth in overseas shipments of frames and mountings for spectacles, goggles or the like, which increased by X% to X units in 2022. Overall, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, spectacle frame exports rose rapidly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Germany (X units), the United States (X units) and France (X units) were the main destinations of spectacle frame exports from Denmark, together comprising X% of total exports. The Netherlands, South Korea, the Philippines, Sweden, Australia, Italy, Spain, Norway, Belgium and Poland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) appeared to be the largest markets for spectacle frame exported from Denmark worldwide, together comprising X% of total exports. South Korea, the United States, Sweden, Italy, Belgium, Norway, Spain, Australia, Poland and the Philippines lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

The average spectacle frame export price stood at $X per unit in 2022, standing approx. at the previous year. Over the period under review, the export price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

Spectacle Frame Imports

Imports into Denmark

Spectacle frame imports into Denmark soared to X units in 2022, increasing by X% on 2021. Over the period under review, imports showed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, spectacle frame imports surged to $X in 2022. Overall, total imports indicated a remarkable 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, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X units), China (X units) and the Philippines (X units) were the main suppliers of spectacle frame imports to Denmark, together comprising X% of total imports. Bangladesh, Italy, Taiwan (Chinese), Japan, France, Portugal, Hong Kong SAR, Germany, South Korea and Hungary lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of frames and mountings for spectacles, goggles or the like to Denmark, comprising X% of total imports. The second position in the ranking was held by the Philippines ($X), with a X% share of total imports. It was followed by Italy, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average spectacle frame import price amounted to $X per unit, shrinking by X% against the previous year. Overall, the import price continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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