Eastern Europe: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in Eastern Europe

In 2021, the East European spectacle plastic frame market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +9.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Spectacle Plastic Frame Production in Eastern Europe

In value terms, spectacle plastic frame production soared to $X in 2021 estimated in export price. In general, production saw a remarkable increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 335%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Spectacle Plastic Frame Exports

Exports in Eastern Europe

In 2021, the amount of plastic frames and mountings for spectacles and goggles exported in Eastern Europe declined to X units, with a decrease of -9.8% on the previous year's figure. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 58% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, spectacle plastic frame exports expanded remarkably to $X in 2021. Over the period under review, exports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 58%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Hungary (X units) and the Czech Republic (X units) dominates exports structure, together generating 71% of total exports. Lithuania (X units) held a 9.4% share (based on physical terms) of total exports, which put it in second place, followed by Poland (7.2%). The following exporters - Russia (X units), Estonia (X units) and Bulgaria (X units) - together made up 8.4% of total exports.

From 2012 to 2021, the biggest increases were recorded for Estonia (with a CAGR of +53.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) remains the largest spectacle plastic frame supplier in Eastern Europe, comprising 56% of total exports. The second position in the ranking was taken by Hungary ($X), with a 14% share of total exports. It was followed by Poland, with an 8.4% share.

In the Czech Republic, spectacle plastic frame exports expanded at an average annual rate of +11.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Hungary (+18.5% per year) and Poland (-13.4% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2021, increasing by 24% against the previous year. Export price indicated a prominent expansion from 2012 to 2021: its price 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, spectacle plastic frame export price increased by +60.8% against 2014 indices. The pace of growth appeared the most rapid in 2018 when the export price increased by 27%. Over the period under review, the export prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+14.1%), while the other leaders experienced more modest paces of growth.

Spectacle Plastic Frame Imports

Imports in Eastern Europe

In 2021, overseas purchases of plastic frames and mountings for spectacles and goggles were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, spectacle plastic frame imports skyrocketed to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Russia (X units) and the Czech Republic (X units) represented roughly 56% of total imports in 2021. It was distantly followed by Hungary (X units), Poland (X units), Romania (X units) and Ukraine (X units), together comprising a 34% share of total imports. Belarus (X units) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +11.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spectacle plastic frame importing markets in Eastern Europe were Poland ($X), the Czech Republic ($X) and Hungary ($X), with a combined 60% share of total imports. Russia, Romania, Belarus and Ukraine lagged somewhat behind, together accounting for a further 25%.

Among the main importing countries, Romania, with a CAGR of +24.2%, recorded the highest rates of growth with regard to 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 2021, rising by 10% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2014 an increase of 22%. Over the period under review, import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+11.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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