Europe: Spectacle Frame Market 2024

Spectacle Frame Market Size in Europe

The Europe spectacle frame market surged to $X in 2022, with an increase of X% against the previous year. The market 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 level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Spectacle Frame Production in Europe

In value terms, spectacle frame production surged to $X in 2022 estimated in export price. The total output 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 in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Spectacle Frame Exports

Exports in Europe

Spectacle frame exports rose slightly to X units in 2022, surging by X% against the previous year. Total exports indicated a prominent increase 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 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, spectacle frame exports fell 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 relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then reduced modestly in the following year.

Exports by Country

Italy dominates exports structure, recording X units, which was near X% of total exports in 2022. It was distantly followed by France (X units), the Netherlands (X units) and Germany (X units), together mixing up a X% share of total exports. Spain (X units), Denmark (X units) and Hungary (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to spectacle frame exports from Italy stood at X%. 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 Europe, with a CAGR of X% from 2012-2022. By contrast, Germany (X%) illustrated a downward trend over the same period. Italy (X p.p.), the Netherlands (X p.p.), Spain (X p.p.) and Hungary (X p.p.) significantly strengthened its position in terms of the total exports, while Germany saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest spectacle frame supplier in Europe, comprising X% of total exports. The second position in the ranking was held by Germany ($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

The export price in Europe stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the export price saw a perceptible descent. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. 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 Europe

In 2022, purchases abroad of frames and mountings for spectacles, goggles or the like increased by X% to X units, rising for the second year in a row after two years of decline. 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 was the most pronounced in 2021 when imports increased by X%. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, spectacle frame imports stood at $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Italy (X units), distantly followed by France (X units), the Netherlands (X units), Russia (X units), Germany (X units), Spain (X units) and the UK (X units) were the major importers of frames and mountings for spectacles, goggles or the like, together achieving X% of total imports. Denmark (X units), the Czech Republic (X units), Poland (X units), Hungary (X units) and Belgium (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to spectacle frame imports into Italy stood at X%. At the same time, Hungary (X%), the Netherlands (X%), Denmark (X%), Russia (X%), Germany (X%), Spain (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 Europe, with a CAGR of X% from 2012-2022. Belgium experienced a relatively flat trend pattern. By contrast, the UK (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands and Italy increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest spectacle frame importing markets in Europe were Italy ($X), France ($X) and Germany ($X), together accounting for X% of total imports. The Netherlands, the UK, Spain, Denmark, Poland, Russia, Belgium, the Czech Republic and Hungary lagged somewhat behind, together comprising a further X%.

Hungary, with a CAGR of X%, recorded the highest growth rate of 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 2022, the import price in Europe amounted to $X per unit, shrinking by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per unit in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($X per unit), while Russia ($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