Finland: Spectacle Frame Market 2024

Spectacle Frame Market Size in Finland

In 2022, the Finnish spectacle frame market decreased by X% to $X, falling for the third year in a row after two years of growth. In general, consumption recorded a abrupt decline. Spectacle frame consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Spectacle Frame Production in Finland

In value terms, spectacle frame production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2019 with an increase of X%. Spectacle frame production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Spectacle Frame Exports

Exports from Finland

In 2022, overseas shipments 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 six years of decline. Over the period under review, exports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, spectacle frame exports rose significantly to $X in 2022. Overall, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Estonia (X units), Thailand (X units) and Kyrgyzstan (X units) were the main destinations of spectacle frame exports from Finland, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X) remains the key foreign market for frames and mountings for spectacles, goggles or the like exports from Finland, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by Kyrgyzstan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Estonia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

The average spectacle frame export price stood at $X per unit in 2022, waning by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per unit), while the average price for exports to Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Spectacle Frame Imports

Imports into Finland

In 2022, overseas purchases of frames and mountings for spectacles, goggles or the like increased by X% to X units, rising for the second consecutive year after six years of decline. In general, imports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, spectacle frame imports rose markedly to $X in 2022. Overall, total imports indicated a modest expansion 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Estonia (X units), Sweden (X units) and Italy (X units) were the main suppliers of spectacle frame imports to Finland, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Estonia ($X) and Italy ($X) constituted the largest spectacle frame suppliers to Finland, together accounting for X% of total imports.

In terms of the main suppliers, Estonia, with a CAGR of X%, 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

In 2022, the average spectacle frame import price amounted to $X per unit, therefore, remained relatively stable against the previous year. Overall, the import price, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The import price peaked at $X per unit in 2021, and then contracted slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for China ($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 UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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