Hungary: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in Hungary

The Hungarian spectacle plastic frame market skyrocketed to $X in 2021, rising by 65% against the previous year. In general, consumption enjoyed strong growth. Spectacle plastic frame consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Spectacle Plastic Frame Production in Hungary

In value terms, spectacle plastic frame production surged to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt shrinkage. Spectacle plastic frame production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Spectacle Plastic Frame Exports

Exports from Hungary

In 2021, approx. X units of plastic frames and mountings for spectacles and goggles were exported from Hungary; with an increase of 18% compared with the previous year. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 229%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, spectacle plastic frame exports dropped to $X in 2021. In general, exports recorded a remarkable increase. The growth pace was the most rapid in 2017 when exports increased by 262% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units) was the main destination for spectacle plastic frame exports from Hungary, accounting for a 39% share of total exports. Moreover, spectacle plastic frame exports to the Netherlands exceeded the volume sent to the second major destination, Sweden (X units), fourfold. The third position in this ranking was held by the Czech Republic (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands stood at +200.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+984.7% per year) and the Czech Republic (+20.2% per year).

In value terms, the largest markets for spectacle plastic frame exported from Hungary were the Netherlands ($X), the Czech Republic ($X) and Sweden ($X), together accounting for 56% of total exports.

In terms of the main countries of destination, Sweden, with a CAGR of +648.8%, saw the highest growth rate of 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 plastic frame export price stood at $X per unit in 2021, declining by -20.5% against the previous year. Overall, the export price faced a deep setback. The growth pace was the most rapid in 2018 an increase of 33% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Germany ($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 (+0.5%), while the prices for the other major destinations experienced a decline.

Spectacle Plastic Frame Imports

Imports into Hungary

In 2021, purchases abroad of plastic frames and mountings for spectacles and goggles increased by 55% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports posted a prominent increase. The most prominent rate of growth was recorded in 2015 when imports increased by 98%. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, spectacle plastic frame imports soared to $X in 2021. In general, imports posted a resilient expansion. The growth pace was the most rapid in 2015 when imports increased by 75% against the previous year. Over the period under review, imports hit record highs 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 plastic frame to Hungary, with a 47% share of total imports. Moreover, spectacle plastic frame imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was held by the Netherlands (X units), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+37.9% per year) and the Netherlands (+194.3% per year).

In value terms, China ($X) constituted the largest supplier of plastic frames and mountings for spectacles and goggles to Hungary, comprising 64% of total imports. The second position in the ranking was taken by Italy ($X), with a 17% share of total imports. It was followed by the Netherlands, with a 5% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+13.9% per year) and the Netherlands (+143.1% per year).

Import Prices by Country

The average spectacle plastic frame import price stood at $X per unit in 2021, dropping by -2.3% against the previous year. Over the last nine years, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2019 when the average import price increased by 22%. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then shrank slightly in the following year.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per unit), while the price for Germany ($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 (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :