Eastern Asia: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in Eastern Asia

The East Asian spectacle non-plastic frame market expanded modestly to $X in 2021, picking up by 1.5% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Spectacle Non-Plastic Frame Production in Eastern Asia

In value terms, spectacle non-plastic frame production expanded significantly to $X in 2021 estimated in export price. Overall, production, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2016 with an increase of 53%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Spectacle Non-Plastic Frame Exports

Exports in Eastern Asia

In 2021, the amount of non-plastic frames and mountings for spectacles and goggles exported in Eastern Asia skyrocketed to X units, jumping by 21% on the previous year's figure. Overall, exports, however, saw a deep contraction. The pace of growth was the most pronounced in 2016 when exports increased by 392% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, spectacle non-plastic frame exports soared to $X in 2021. The total export value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Hong Kong SAR was the major exporting country with an export of about X units, which resulted at 60% of total exports. China (X units) ranks second in terms of the total exports with a 29% share, followed by South Korea (7.1%). Japan (X units) took a little share of total exports.

Exports from Hong Kong SAR decreased at an average annual rate of -3.4% from 2012 to 2021. Japan and South Korea experienced a relatively flat trend pattern. China (-20.8%) illustrated a downward trend over the same period. While the share of Hong Kong SAR (+35 p.p.), South Korea (+5 p.p.) and Japan (+2.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-42.8 p.p.) displayed negative dynamics.

In value terms, the largest spectacle non-plastic frame supplying countries in Eastern Asia were China ($X), Hong Kong SAR ($X) and Japan ($X), together comprising 96% of total exports.

China, with a CAGR of +4.2%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, with an increase of 12% against the previous year. Overall, the export price enjoyed a resilient increase. The pace of growth was the most pronounced in 2014 when the export price increased by 384% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+31.6%), while the other leaders experienced more modest paces of growth.

Spectacle Non-Plastic Frame Imports

Imports in Eastern Asia

In 2021, the amount of non-plastic frames and mountings for spectacles and goggles imported in Eastern Asia rose markedly to X units, surging by 14% compared with the previous year's figure. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 88% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, spectacle non-plastic frame imports soared to $X in 2021. Total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.9% 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 +118.4% against 2015 indices. The most prominent rate of growth was recorded in 2016 with an increase of 40% against the previous year. The level of import peaked in 2021 and is likely to continue growth in years to come.

Imports by Country

Hong Kong SAR was the major importer of non-plastic frames and mountings for spectacles and goggles in Eastern Asia, with the volume of imports finishing at X units, which was approx. 68% of total imports in 2021. Japan (X units) ranks second in terms of the total imports with a 16% share, followed by China (7%) and South Korea (6.7%). Taiwan (Chinese) (X units) held a little share of total imports.

Imports into Hong Kong SAR decreased at an average annual rate of -1.8% from 2012 to 2021. At the same time, South Korea (+8.6%) and China (+5.9%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +8.6% from 2012-2021. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Japan (-1.3%) illustrated a downward trend over the same period. While the share of South Korea (+3.7 p.p.) and China (+3.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Hong Kong SAR (-6.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported non-plastic frames and mountings for spectacles and goggles in Eastern Asia, comprising 57% of total imports. The second position in the ranking was held by Japan ($X), with a 16% share of total imports. It was followed by China, with a 14% share.

In Hong Kong SAR, spectacle non-plastic frame imports increased at an average annual rate of +5.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (-1.6% per year) and China (+5.7% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, rising by 1.6% against the previous year. In general, the import price recorded a tangible expansion. The pace of growth appeared the most rapid in 2014 when the import price increased by 94%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Taiwan (Chinese) ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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