Eastern Europe: Spectacle Frame Market 2024

Spectacle Frame Market Size in Eastern Europe

In 2022, the East European spectacle frame market increased by X% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a prominent 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, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the immediate term.

Spectacle Frame Production in Eastern Europe

In value terms, spectacle frame production expanded remarkably to $X in 2022 estimated in export price. 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 2019 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked in 2022 and is expected to retain growth in the immediate term.

Spectacle Frame Exports

Exports in Eastern Europe

Spectacle frame exports expanded notably to X units in 2022, increasing by X% against the year before. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, spectacle frame exports declined modestly to $X in 2022. Total exports indicated a perceptible 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Hungary (X units), distantly followed by the Czech Republic (X units), Poland (X units) and Lithuania (X units) were the key exporters of frames and mountings for spectacles, goggles or the like, together making up X% of total exports. Estonia (X units), Latvia (X units) and Romania (X units) took a little share of total exports.

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

In value terms, the Czech Republic ($X) remains the largest spectacle frame supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Hungary ($X), with a X% share of total exports. It was followed by Poland, with an X% share.

In the Czech Republic, spectacle frame exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hungary (X% per year) and Poland (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the export price, however, saw measured growth. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The level of export peaked at $X per unit in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while Hungary ($X per unit) was amongst the lowest.

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

Spectacle Frame Imports

Imports in Eastern Europe

In 2022, overseas purchases of frames and mountings for spectacles, goggles or the like increased by X% to X units, rising for the second year in a row after two years of decline. Total imports indicated pronounced growth from 2012 to 2022: its volume 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 most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, spectacle frame imports expanded rapidly to $X in 2022. Total imports indicated strong growth 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 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Russia represented the main importing country with an import of around X units, which finished at X% of total imports. The Czech Republic (X units) held the second position in the ranking, followed by Poland (X units) and Hungary (X units). All these countries together took near X% share of total imports. Ukraine (X units), Romania (X units) and Lithuania (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to spectacle frame imports into Russia stood at X%. At the same time, Hungary (X%), Lithuania (X%), Ukraine (X%), Poland (X%), Romania (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. While the share of Hungary (X p.p.) and Russia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Poland (X p.p.) and the Czech Republic (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest spectacle frame importing markets in Eastern Europe were Poland ($X), Russia ($X) and the Czech Republic ($X), with a combined X% share of total imports. Hungary, Romania, Lithuania and Ukraine lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Romania, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2022, falling by X% against the previous year. Import price indicated a perceptible increase 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. The growth pace was the most rapid in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2021, and then contracted markedly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($X per unit), while Russia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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