Egypt: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in Egypt

The Egyptian spectacle plastic frame market skyrocketed to $X in 2021, rising by 37% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a abrupt descent. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Spectacle Plastic Frame Exports

Exports from Egypt

In 2021, overseas shipments 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. Overall, exports, however, faced a precipitous setback. The pace of growth was the most pronounced in 2018 with an increase of 146% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, spectacle plastic frame exports fell sharply to $X in 2021. Over the period under review, exports, however, saw a precipitous setback. The pace of growth was the most pronounced in 2018 when exports increased by 102%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Romania (X units) was the main destination for spectacle plastic frame exports from Egypt, accounting for a 72% share of total exports. Moreover, spectacle plastic frame exports to Romania exceeded the volume sent to the second major destination, France (X units), fivefold. The third position in this ranking was held by Turkey (X units), with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume to Romania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-17.5% per year) and Turkey (-48.2% per year).

In value terms, Romania ($X), France ($X) and the Netherlands ($X) were the largest markets for spectacle plastic frame exported from Egypt worldwide, together accounting for 68% of total exports.

In terms of the main countries of destination, Romania, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average spectacle plastic frame export price stood at $X per unit in 2021, dropping by -31.3% against the previous year. Over the period under review, the export price saw a abrupt contraction. The growth pace was the most rapid in 2016 when the average export price increased by 45%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Palestine ($X per unit), while the average price for exports to Romania ($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 the Netherlands (+27.9%), while the prices for the other major destinations experienced mixed trend patterns.

Spectacle Plastic Frame Imports

Imports into Egypt

Spectacle plastic frame imports into Egypt soared to X units in 2021, picking up by 36% against the previous year's figure. Over the period under review, imports, however, showed a deep reduction. The growth pace was the most rapid in 2019 when imports increased by 41%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, spectacle plastic frame imports surged to $X in 2021. In general, imports, however, continue to indicate a drastic downturn. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Italy (X units) and France (X units) were the main suppliers of spectacle plastic frame imports to Egypt, with a combined 70% share of total imports. These countries were followed by Turkey, Austria, Spain and Japan, which together accounted for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +46.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and France ($X) constituted the largest spectacle plastic frame suppliers to Egypt, with a combined 68% share of total imports. These countries were followed by Turkey, Austria, Japan and Spain, which together accounted for a further 10%.

In terms of the main suppliers, Japan, with a CAGR of +49.6%, saw 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 average spectacle plastic frame import price stood at $X per unit in 2021, remaining stable against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, spectacle plastic frame import price increased by +34.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 48%. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Austria ($X per unit) and Japan ($X per unit), while the price for Spain ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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