Dominican Republic: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in the Dominican Republic

After two years of growth, the Dominican spectacle non-plastic frame market decreased by -12.3% to $X in 2021. In general, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +48.0% against 2018 indices. Spectacle non-plastic frame consumption peaked at $X in 2020, and then reduced in the following year.

Spectacle Non-Plastic Frame Exports

Exports from the Dominican Republic

In 2021, the amount of non-plastic frames and mountings for spectacles and goggles exported from the Dominican Republic declined markedly to X units, shrinking by -54.5% against 2020 figures. Over the period under review, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 6,350% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, spectacle non-plastic frame exports amounted to $X in 2021. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 8,171% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for spectacle non-plastic frame exports from the Dominican Republic, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +19.6%.

In value terms, the United States ($X) remains the key foreign market for non-plastic frames and mountings for spectacles and goggles exports from the Dominican Republic, comprising 36% of total exports. The second position in the ranking was taken by Haiti ($X), with a 6.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +20.3%.

Export Prices by Country

The average spectacle non-plastic frame export price stood at $X per unit in 2021, growing by 117% against the previous year. Overall, the export price posted a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Haiti ($X per unit), while the average price for exports to the United States amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+19.8%).

Spectacle Non-Plastic Frame Imports

Imports into the Dominican Republic

After two years of growth, purchases abroad of non-plastic frames and mountings for spectacles and goggles decreased by -15.9% to X units in 2021. In general, total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by 63%. Over the period under review, imports attained the peak figure at X units in 2020, and then shrank rapidly in the following year.

In value terms, spectacle non-plastic frame imports reduced to $X in 2021. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +49.0% against 2018 indices. The growth pace was the most rapid in 2019 when imports increased by 34%. Over the period under review, imports hit record highs at $X in 2020, and then reduced in the following year.

Imports by Country

In 2021, China (X units) constituted the largest spectacle non-plastic frame supplier to the Dominican Republic, with a 65% share of total imports. Moreover, spectacle non-plastic frame imports from China exceeded the figures recorded by the second-largest supplier, France (X units), more than tenfold. The third position in this ranking was held by Italy (X units), with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-0.5% per year) and Italy (-16.7% per year).

In value terms, China ($X) constituted the largest supplier of non-plastic frames and mountings for spectacles and goggles to the Dominican Republic, comprising 60% of total imports. The second position in the ranking was held by Italy ($X), with an 11% share of total imports. It was followed by France, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.6% per year) and France (+3.7% per year).

Import Prices by Country

The average spectacle non-plastic frame import price stood at $X per unit in 2021, growing by 5.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2020 when the average import price increased by 19% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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