Eastern Asia: Spectacle Frame Market 2024

Spectacle Frame Market Size in Eastern Asia

In 2022, the East Asian spectacle frame market decreased by X% to $X, falling for the second year in a row after two years of growth. Overall, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Spectacle Frame Production in Eastern Asia

In value terms, spectacle frame production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production showed a slight slump. The growth pace was the most rapid in 2016 when the production volume increased by X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Spectacle Frame Exports

Exports in Eastern Asia

In 2022, approx. X units of frames and mountings for spectacles, goggles or the like were exported in Eastern Asia; reducing by X% compared with the previous year's figure. Overall, exports continue to indicate a mild setback. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, spectacle frame exports totaled $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

In 2022, China (X units) represented the largest exporter of frames and mountings for spectacles, goggles or the like, making up X% of total exports. It was distantly followed by Hong Kong SAR (X units), comprising a X% share of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2022. Hong Kong SAR (X%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the largest spectacle frame supplying countries in Eastern Asia were China ($X) and Hong Kong SAR ($X).

China, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, picking up by X% against the previous year. Export price indicated resilient growth from 2012 to 2022: its price 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, spectacle frame export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Spectacle Frame Imports

Imports in Eastern Asia

In 2022, imports of frames and mountings for spectacles, goggles or the like in Eastern Asia fell to X units, waning by X% compared with the previous year. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, spectacle frame imports shrank to $X in 2022. Total imports 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

Hong Kong SAR was the main importing country with an import of around X units, which resulted at X% of total imports. It was distantly followed by Japan (X units) and China (X units), together committing a X% share of total imports. South Korea (X units) followed a long way behind the leaders.

Imports into Hong Kong SAR decreased at an average annual rate of X% from 2012 to 2022. At the same time, China (X%), South Korea (X%) and Japan (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. Japan (X p.p.) and China (X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported frames and mountings for spectacles, goggles or the like in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Hong Kong SAR stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, picking up by X% against the previous year. Import price indicated resilient growth from 2012 to 2022: its price 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, spectacle frame import price increased by X% against 2017 indices. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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