EU: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in the EU

After four years of decline, the EU spectacle plastic frame market increased by 34% to $X in 2021. The market value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Spectacle Plastic Frame Production in the EU

In value terms, spectacle plastic frame production expanded to $X in 2021 estimated in export price. In general, production, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2019 when the production volume increased by 39% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Spectacle Plastic Frame Exports

Exports in the EU

In 2021, shipments abroad of plastic frames and mountings for spectacles and goggles increased by 42% to X units, rising for the second year in a row after two years of decline. Total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +10.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +49.0% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, spectacle plastic frame exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Italy (X units) was the main exporter of plastic frames and mountings for spectacles and goggles, comprising 63% of total exports. The Netherlands (X units) ranks second in terms of the total exports with an 11% share, followed by France (5.6%) and Germany (5.1%). Spain (X units), Denmark (X units), Hungary (X units) and Belgium (X units) followed a long way behind the leaders.

Exports from Italy increased at an average annual rate of +14.0% from 2012 to 2021. At the same time, Hungary (+36.7%), Spain (+16.2%), Denmark (+14.4%), the Netherlands (+14.1%), Germany (+8.1%), Belgium (+5.1%) and France (+1.5%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +36.7% from 2012-2021. While the share of Italy (+17 p.p.), the Netherlands (+3.2 p.p.) and Spain (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of France (-5.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest spectacle plastic frame supplier in the European Union, comprising 63% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an 8.1% share of total exports. It was followed by Spain, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Italy stood at +4.6%. In the other countries, the average annual rates were as follows: the Netherlands (+9.5% per year) and Spain (+11.3% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per unit, shrinking by -2.4% against the previous year. In general, the export price recorded a deep setback. The most prominent rate of growth was recorded in 2014 an increase of 12%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (-1.2%), while the other leaders experienced a decline in the export price figures.

Spectacle Plastic Frame Imports

Imports in the EU

In 2021, after three years of decline, there was significant growth in purchases abroad of plastic frames and mountings for spectacles and goggles, when their volume increased by 33% to X units. The total import volume increased at an average annual rate of +5.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, spectacle plastic frame imports soared to $X in 2021. The total import value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports reached the maximum at $X in 2017; afterwards, it flattened through to 2021.

Imports by Country

In 2021, Italy (X units), distantly followed by the Netherlands (X units), France (X units), Germany (X units), Spain (X units) and the Czech Republic (X units) represented the major importers of plastic frames and mountings for spectacles and goggles, together creating 84% of total imports. Hungary (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +18.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), France ($X) and Germany ($X) were the countries with the highest levels of imports in 2021, together comprising 57% of total imports. The Netherlands, Spain, the Czech Republic and Hungary lagged somewhat behind, together comprising a further 24%.

The Czech Republic, with a CAGR of +17.3%, recorded the highest rates of growth with regard to the value of imports, in terms of 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

In 2021, the import price in the European Union amounted to $X per unit, picking up by 5.3% against the previous year. In general, the import price, however, recorded a mild downturn. Over the period under review, import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while the Czech Republic ($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 (+10.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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