EU: Spectacle Frame Market 2024

Spectacle Frame Market Size in the EU

The EU spectacle frame market soared to $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Spectacle Frame Production in the EU

In value terms, spectacle frame production skyrocketed to $X in 2022 estimated in export price. The total production indicated a moderate 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, production increased by X% against 2018 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Spectacle Frame Exports

Exports in the EU

In 2022, spectacle frame exports in the European Union expanded to X units, surging by X% on the year before. Total exports indicated a prominent expansion 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, exports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, spectacle frame exports shrank modestly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

Italy prevails in exports structure, resulting at X units, which was approx. X% of total exports in 2022. France (X units) ranks second in terms of the total exports with a X% share, followed by the Netherlands (X%) and Germany (X%). The following exporters - Spain (X units), Denmark (X units) and Hungary (X units) - together made up X% of total exports.

Exports from Italy increased at an average annual rate of X% from 2012 to 2022. At the same time, Hungary (X%), Spain (X%), the Netherlands (X%), Denmark (X%) and France (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Germany (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Italy, the Netherlands, Spain and Hungary increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest spectacle frame supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

In Italy, 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: Germany (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, falling by X% against the previous year. Overall, the export price saw a perceptible decrease. The pace of growth was the most pronounced in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 Denmark ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced a decline in the export price figures.

Spectacle Frame Imports

Imports in the EU

In 2022, approx. X units of frames and mountings for spectacles, goggles or the like were imported in the European Union; picking up by X% on the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, spectacle frame imports shrank modestly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

In 2022, Italy (X units) represented the largest importer of frames and mountings for spectacles, goggles or the like, comprising X% of total imports. It was distantly followed by France (X units), the Netherlands (X units), Germany (X units) and Spain (X units), together constituting a X% share of total imports. The following importers - Denmark (X units), the Czech Republic (X units), Poland (X units), Hungary (X units), Belgium (X units), Sweden (X units) and Portugal (X units) - together made up X% of total imports.

Imports into Italy increased at an average annual rate of X% from 2012 to 2022. At the same time, Hungary (X%), the Netherlands (X%), Portugal (X%), Denmark (X%), Germany (X%), Spain (X%), Sweden (X%), Poland (X%), the Czech Republic (X%) and France (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. Belgium experienced a relatively flat trend pattern. While the share of the Netherlands (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of France (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 the European Union were Italy ($X), France ($X) and Germany ($X), with a combined X% share of total imports. The Netherlands, Spain, Denmark, Sweden, Poland, Belgium, the Czech Republic, Hungary and Portugal lagged somewhat behind, together comprising a further X%.

Hungary, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries 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 the European Union stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the import price recorded a slight curtailment. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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