Greece: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in Greece

In 2021, the Greek spectacle non-plastic frame market increased by 48% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Spectacle Non-Plastic Frame Exports

Exports from Greece

In 2021, spectacle non-plastic frame exports from Greece surged to X units, with an increase of 62% compared with 2020. Over the period under review, exports saw a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 106%. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, spectacle non-plastic frame exports soared to $X in 2021. In general, exports showed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X units), Cyprus (X units) and Malta (X units) were the main destinations of spectacle non-plastic frame exports from Greece, with a combined 78% share of total exports. South Korea, Albania, Serbia, the UK and Bulgaria lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +124.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spectacle non-plastic frame exported from Greece were Italy ($X), Cyprus ($X) and South Korea ($X), together comprising 78% of total exports.

South Korea, with a CAGR of +145.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average spectacle non-plastic frame export price amounted to $X per unit, standing approx. at the previous year. Over the period under review, the export price recorded a mild decrease. The pace of growth appeared the most rapid in 2014 when the average export price increased by 43% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per unit), while the average price for exports to Malta ($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 Libya (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Non-Plastic Frame Imports

Imports into Greece

Spectacle non-plastic frame imports into Greece soared to X units in 2021, increasing by 53% compared with the year before. Overall, imports showed noticeable growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, spectacle non-plastic frame imports surged to $X in 2021. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X units), China (X units) and the Netherlands (X units) were the main suppliers of spectacle non-plastic frame imports to Greece, together accounting for 78% of total imports. These countries were followed by France, Spain, Germany, Austria, Bulgaria and the UK, which together accounted for a further 19%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +46.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of non-plastic frames and mountings for spectacles and goggles to Greece, comprising 45% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Italy stood at +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.3% per year) and the Netherlands (+18.6% per year).

Import Prices by Country

The average spectacle non-plastic frame import price stood at $X per unit in 2021, declining by -3.2% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 44%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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