Hungary: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in Hungary

For the third consecutive year, the Hungarian spectacle non-plastic frame market recorded decline in sales value, which decreased by -30.9% to $X in 2021. Over the period under review, consumption, however, enjoyed a slight expansion. Spectacle non-plastic frame consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Spectacle Non-Plastic Frame Exports

Exports from Hungary

In 2021, overseas shipments of non-plastic frames and mountings for spectacles and goggles were finally on the rise to reach X units for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports posted strong growth. The pace of growth was the most pronounced in 2016 when exports increased by 223% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, spectacle non-plastic frame exports soared to $X in 2021. In general, exports showed resilient growth. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units) was the main destination for spectacle non-plastic frame exports from Hungary, with a 44% share of total exports. Moreover, spectacle non-plastic frame exports to the Netherlands exceeded the volume sent to the second major destination, the Czech Republic (X units), threefold. The third position in this ranking was taken by Slovakia (X units), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands amounted to +449.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+6.1% per year) and Slovakia (+8.3% per year).

In value terms, the largest markets for spectacle non-plastic frame exported from Hungary were the Czech Republic ($X), the Netherlands ($X) and Italy ($X), together accounting for 66% of total exports. Slovakia, Poland, Hong Kong SAR, Sweden, the UK and Serbia lagged somewhat behind, together accounting for a further 23%.

Sweden, with a CAGR of +807.4%, saw the highest growth rate of the value of exports, in terms of 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, which is down by -14.9% against the previous year. In general, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 an increase of 17%. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Slovakia ($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 the Netherlands (+13.5%), while the prices for the other major destinations experienced mixed trend patterns.

Spectacle Non-Plastic Frame Imports

Imports into Hungary

In 2021, the amount of non-plastic frames and mountings for spectacles and goggles imported into Hungary contracted slightly to X units, falling by -4% on the year before. Over the period under review, imports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of 125%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, spectacle non-plastic frame imports expanded sharply to $X in 2021. Overall, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 215% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of spectacle non-plastic frame to Hungary, with a 54% share of total imports. Moreover, spectacle non-plastic frame imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), fourfold. The third position in this ranking was taken by Italy (X units), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+247.9% per year) and Italy (+15.3% per year).

In value terms, China ($X) constituted the largest supplier of non-plastic frames and mountings for spectacles and goggles to Hungary, comprising 67% of total imports. The second position in the ranking was taken by Italy ($X), with a 13% share of total imports. It was followed by Bangladesh, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +27.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+12.8% per year) and Bangladesh (+40.4% per year).

Import Prices by Country

The average spectacle non-plastic frame import price stood at $X per unit in 2021, surging by 19% against the previous year. Over the period under review, the import price continues to indicate a tangible increase. The most prominent rate of growth was recorded in 2020 an increase of 45% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :