Iceland: Spectacle Frame Market 2020

Spectacle Frame Market Size in Iceland

The revenue of the spectacle frame market in Iceland amounted to $X in 2018, reducing by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, spectacle frame consumption, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2010 when the market value increased by X% y-o-y. Iceland spectacle frame consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Spectacle Frame Exports

Exports from Iceland

In 2018, the exports of frames and mountings for spectacles, goggles or the like from Iceland stood at X units, going up by X% against the previous year. Over the period under review, spectacle frame exports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, spectacle frame exports reached their maximum in 2018 and are likely to continue its growth in the immediate term.

In value terms, spectacle frame exports amounted to $X in 2018. Overall, spectacle frame exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, spectacle frame exports attained their peak figure in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

China was the largest exporter of frames and mountings for spectacles, goggles or the like in the world, with the volume of exports accounting for X units, which was near X% of total exports in 2018. It was distantly followed by China, Hong Kong SAR (X units) and Italy (X units), together creating a X% share of total exports. The Netherlands (X units), Germany (X units), South Korea (X units) and the U.S. (X units) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to spectacle frame exports from China stood at +X%. At the same time, the Netherlands (+X%), South Korea (+X%), China, Hong Kong SAR (+X%), the U.S. (+X%), Germany (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. While the share of China (+X p.p.), China, Hong Kong SAR (+X p.p.) and the Netherlands (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X), China ($X) and China, Hong Kong SAR ($X) appeared to be the countries with the highest levels of exports in 2018, together accounting for X% of total exports. These countries were followed by the Netherlands, the U.S., Germany, South Korea and Iceland, which together accounted for a further X Netherlands experienced the highest rates of growth with regard to exports, in terms of the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the spectacle frame export price in Iceland amounted to $X per unit, growing by X% against the previous year. Over the period under review, the spectacle frame export price continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2014 when the export price increased by X% y-o-y. Iceland export price peaked at $X per unit in 2015; however, from 2016 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per unit), while China ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Spectacle Frame Imports

Imports into Iceland

Spectacle frame imports into Iceland totaled X units in 2018, remaining relatively unchanged against the previous year. In general, spectacle frame imports, however, continue to indicate a moderate setback. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, spectacle frame imports reached their peak figure at X units in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, spectacle frame imports totaled $X in 2018. Overall, spectacle frame imports, however, continue to indicate an abrupt contraction. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Iceland imports peaked at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The U.S. (X units) and China, Hong Kong SAR (X units) were the major importers of frames and mountings for spectacles, goggles or the like in 2018, amounting to approx. X% and X% of total imports, respectively. Italy (X units) occupied the next position in the ranking, followed by India (X units), Germany (X units) and the UK (X units). All these countries together occupied near X% share of total imports. The following importers - France (X units), Japan (X units), the Netherlands (X units), Mexico (X units), Russia (X units) and Canada (X units) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

In value terms, the largest spectacle frame importing markets into Iceland were the U.S. ($X), China, Hong Kong SAR ($X) and Italy ($X), with a combined X% share of total imports. France, Germany, the UK, Canada, the Netherlands, Japan, Mexico, India, Russia and Iceland lagged somewhat behind, together accounting for a further X terms of the main importing countries, India recorded the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The spectacle frame import price in Iceland stood at $X per unit in 2018, declining by -X% against the previous year. In general, the spectacle frame import price continues to indicate a temperate slump. The pace of growth appeared the most rapid in 2012 an increase of X% against the previous year. In that year, the import prices for frames and mountings for spectacles, goggles or the like reached their peak level of $X per unit. From 2013 to 2018, the growth in terms of the import prices for frames and mountings for spectacles, goggles or the like remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per unit), while India ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform