Report Update Nov 1, 2024

Ecuador - Plastic Frames and Mountings for Spectacles and Goggles - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in Ecuador

In 2021, the Ecuadorian 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. Overall, consumption continues to indicate significant growth. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

Spectacle Plastic Frame Exports

Exports from Ecuador

In 2021, the amount of plastic frames and mountings for spectacles and goggles exported from Ecuador dropped rapidly to X units, falling by -56.9% compared with the previous year's figure. Over the period under review, exports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 696% against the previous year. The exports peaked at X units in 2020, and then fell remarkably in the following year.

In value terms, spectacle plastic frame exports shrank sharply to $X in 2021. In general, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 960%. The exports peaked at $X in 2020, and then dropped notably in the following year.

Exports by Country

Guatemala (X units), Peru (X units) and El Salvador (X units) were the main destinations of spectacle plastic frame exports from Ecuador, with a combined 80% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of +69.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spectacle plastic frame exported from Ecuador were Guatemala ($X), Peru ($X) and El Salvador ($X), together accounting for 80% of total exports.

Peru, with a CAGR of +63.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average spectacle plastic frame export price stood at $X per unit in 2021, surging by 20% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 33%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Colombia ($X per unit), while the average price for exports to Guatemala ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+27.5%), while the prices for the other major destinations experienced a decline.

Spectacle Plastic Frame Imports

Imports into Ecuador

In 2021, purchases abroad of plastic frames and mountings for spectacles and goggles was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 189% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, spectacle plastic frame imports soared to $X in 2021. In general, imports showed prominent growth. The pace of growth appeared the most rapid in 2014 when imports increased by 137%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of spectacle plastic frame to Ecuador, accounting for a 88% share of total imports. It was followed by Panama (X units), with a 2.3% share of total imports. The third position in this ranking was held by Hong Kong SAR (X units), with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +43.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (+37.9% per year) and Hong Kong SAR (+38.8% per year).

In value terms, China ($X) constituted the largest supplier of plastic frames and mountings for spectacles and goggles to Ecuador, comprising 63% of total imports. The second position in the ranking was taken by Italy ($X), with a 9.1% share of total imports. It was followed by the United States, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +19.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.6% per year) and the United States (+4.1% per year).

Import Prices by Country

The average spectacle plastic frame import price stood at $X per unit in 2021, growing by 13% against the previous year. Over the period under review, the import price, however, recorded a deep downturn. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+10.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for plastic frames and mountings for spectacles and goggles in the world?

China constituted the country with the largest volume of spectacle plastic frame consumption, accounting for 33% of total volume. Moreover, spectacle plastic frame consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by Mexico, with a 7.4% share.

What are the largest producers of plastic frames and mountings for spectacles and goggles in the world?

The country with the largest volume of spectacle plastic frame production was China, accounting for 68% of total volume. Moreover, spectacle plastic frame production in China exceeded the figures recorded by the second-largest producer, Hong Kong SAR, eightfold. The third position in this ranking was occupied by Italy, with a 5.3% share.

What are the leading suppliers of plastic frames and mountings for spectacles and goggles to Ecuador?

In value terms, China constituted the largest supplier of spectacle plastic frame to Ecuador, comprising 75% of total imports. The second position in the ranking was occupied by the United States, with a 3.5% share of total imports.

What are the leading importers of plastic frames and mountings for spectacles and goggles from Ecuador?

In value terms, El Salvador emerged as the key foreign market for spectacle plastic frame exports from Ecuador, comprising 72% of total exports. The second position in the ranking was occupied by Colombia, with a 28% share of total exports.

What is the average export price for plastic frames and mountings for spectacles and goggles in Ecuador?

The average spectacle plastic frame export price stood at $31 per unit in 2021, standing approx. at the previous year.

What is the average import price for plastic frames and mountings for spectacles and goggles in Ecuador?

The average spectacle plastic frame import price stood at $5.4 per unit in 2021, falling by -31.7% against the previous year.

This report provides an in-depth analysis of the spectacle plastic frame market in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32504350 - Plastic frames and mountings for spectacles, goggles or the like

Country coverage:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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How to outsource production to other countries
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023