Hong Kong SAR, China: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in Hong Kong SAR, China

In 2021, after two years of growth, there was significant decline in the Hong Kong spectacle non-plastic frame market, when its value decreased by -7.5% to $X. In general, consumption, however, posted notable growth. Spectacle non-plastic frame consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Spectacle Non-Plastic Frame Production in Hong Kong SAR, China

In value terms, spectacle non-plastic frame production expanded remarkably to $X in 2021 estimated in export price. In general, production, however, continues to indicate a perceptible downturn. The growth pace was the most rapid in 2014 with an increase of 60%. Spectacle non-plastic frame production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Spectacle Non-Plastic Frame Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of non-plastic frames and mountings for spectacles and goggles were finally on the rise to reach X units after two years of decline. Overall, exports, however, continue to indicate a pronounced slump. The growth pace was the most rapid in 2017 when exports increased by 81% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, spectacle non-plastic frame exports surged to $X in 2021. In general, exports, however, saw a mild setback. The most prominent rate of growth was recorded in 2016 when exports increased by 28% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X units), the United States (X units) and Germany (X units) were the main destinations of spectacle non-plastic frame exports from Hong Kong SAR, together comprising 70% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +11.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spectacle non-plastic frame exported from Hong Kong SAR were the United States ($X), Italy ($X) and Germany ($X), with a combined 63% share of total exports. These countries were followed by France, China, Japan, the Netherlands, the UK, Australia and Thailand, which together accounted for a further 27%.

Among the main countries of destination, the Netherlands, with a CAGR of +9.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average spectacle non-plastic frame export price stood at $X per unit in 2021, growing by 3.4% against the previous year. In general, the export price showed a slight increase. The pace of growth was the most pronounced in 2013 an increase of 131% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to Italy ($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 China (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Non-Plastic Frame Imports

Imports into Hong Kong SAR, China

In 2021, approx. X units of non-plastic frames and mountings for spectacles and goggles were imported into Hong Kong SAR; growing by 8.5% on the previous year's figure. Overall, imports, however, continue to indicate a slight decrease. The pace of growth was the most pronounced in 2016 when imports increased by 182% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, spectacle non-plastic frame imports rose remarkably to $X in 2021. In general, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 93% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main supplier of spectacle non-plastic frame to Hong Kong SAR, accounting for a approx. 96% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -1.6%.

In value terms, China ($X) constituted the largest supplier of non-plastic frames and mountings for spectacles and goggles to Hong Kong SAR.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +6.6%.

Import Prices by Country

In 2021, the average spectacle non-plastic frame import price amounted to $X per unit, remaining constant against the previous year. Overall, the import price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 173% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +8.4% per year.

Source: IndexBox Platform

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