Finland: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in Finland

In 2021, the Finnish spectacle non-plastic frame market decreased by -29.3% to $X, falling for the second consecutive year after five years of growth. In general, consumption continues to indicate a buoyant expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Spectacle Non-Plastic Frame Production in Finland

In value terms, spectacle non-plastic frame production expanded markedly to $X in 2021 estimated in export price. Over the period under review, production saw significant growth. The growth pace was the most rapid in 2016 when the production volume increased by 222% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Spectacle Non-Plastic Frame Exports

Exports from Finland

In 2021, overseas shipments of non-plastic frames and mountings for spectacles and goggles were finally on the rise to reach X units after six years of decline. In general, exports showed prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of 295% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, spectacle non-plastic frame exports surged to $X in 2021. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 368%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand (X units) was the main destination for spectacle non-plastic frame exports from Finland, with a 66% share of total exports. Moreover, spectacle non-plastic frame exports to Thailand exceeded the volume sent to the second major destination, Estonia (X units), twofold. The third position in this ranking was held by Sweden (X units), with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume to Thailand amounted to +36.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+6.9% per year) and Sweden (+89.8% per year).

In value terms, Estonia ($X) remains the key foreign market for non-plastic frames and mountings for spectacles and goggles exports from Finland, comprising 81% of total exports. The second position in the ranking was held by Thailand ($X), with a 13% share of total exports. It was followed by Sweden, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value to Estonia amounted to +30.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+9.3% per year) and Sweden (+84.1% per year).

Export Prices by Country

The average spectacle non-plastic frame export price stood at $X per unit in 2021, which is down by -49% against the previous year. In general, the export price, however, saw measured growth. The pace of growth was the most pronounced in 2020 an increase of 51% against the previous year. As a result, the export price reached the peak level of $X per unit, and then fell markedly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Estonia ($X per unit), while the average price for exports to Thailand ($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 Estonia (+21.6%), while the prices for the other major destinations experienced mixed trend patterns.

Spectacle Non-Plastic Frame Imports

Imports into Finland

Spectacle non-plastic frame imports into Finland stood at X units in 2021, growing by 2% against 2020. Overall, imports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2014 when imports increased by 50% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, spectacle non-plastic frame imports totaled $X in 2021. Over the period under review, imports, however, recorded a slight setback. The pace of growth appeared the most rapid in 2014 with an increase of 47% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Italy (X units), Sweden (X units) and Estonia (X units) were the main suppliers of spectacle non-plastic frame imports to Finland, with a combined 64% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Estonia (with a CAGR of +264.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X), Italy ($X) and Sweden ($X) appeared to be the largest spectacle non-plastic frame suppliers to Finland, with a combined 73% share of total imports.

Estonia, with a CAGR of +302.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spectacle non-plastic frame import price stood at $X per unit in 2021, growing by 10% against the previous year. In general, the import price recorded a prominent increase. The pace of growth appeared the most rapid in 2020 an increase of 54% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Denmark ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Estonia (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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