Report Update Nov 1, 2024

India - Plastic Frames and Mountings for Spectacles and Goggles - Market Analysis, Forecast, Size, Trends and Insights

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India: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in India

The Indian spectacle plastic frame market surged to $X in 2021, jumping by 57% 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). In general, consumption showed prominent growth. Spectacle plastic frame consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Spectacle Plastic Frame Exports

Exports from India

In 2021, the amount of plastic frames and mountings for spectacles and goggles exported from India surged to X units, growing by 192% on 2020 figures. In general, exports posted a buoyant increase. The growth pace was the most rapid in 2019 when exports increased by 281%. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, spectacle plastic frame exports surged to $X in 2021. Overall, exports recorded a buoyant expansion. The growth pace was the most rapid in 2019 when exports increased by 208% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Argentina (X units), Singapore (X units) and Sudan (X units) were the main destinations of spectacle plastic frame exports from India, with a combined 64% share of total exports. These countries were followed by Maldives, Qatar, the United Arab Emirates, Tanzania, South Africa, France, Mauritius, the Netherlands and Bhutan, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Bhutan (with a CAGR of +1,535.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) emerged as the key foreign market for plastic frames and mountings for spectacles and goggles exports from India, comprising 38% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 15% share of total exports. It was followed by Argentina, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Singapore totaled +104.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+11.1% per year) and Argentina (+36.2% per year).

Export Prices by Country

The average spectacle plastic frame export price stood at $X per unit in 2021, reducing by -29.6% against the previous year. Over the period under review, the export price, however, showed a slight expansion. The pace of growth appeared the most rapid in 2017 an increase of 59% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Sudan ($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 Bhutan (+31.1%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Plastic Frame Imports

Imports into India

In 2021, the amount of plastic frames and mountings for spectacles and goggles imported into India soared to X units, rising by 50% compared with the previous year. Over the period under review, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 133%. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, spectacle plastic frame imports soared to $X in 2021. In general, imports recorded significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 81%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X units) was the main spectacle plastic frame supplier to India, accounting for a 94% share of total imports. It was followed by Hong Kong SAR (X units), with a 2.9% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +8.7%.

In value terms, China ($X) constituted the largest supplier of plastic frames and mountings for spectacles and goggles to India, comprising 70% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with an 8.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +19.9%.

Import Prices by Country

In 2021, the average spectacle plastic frame import price amounted to $X per unit, picking up by 17% against the previous year. Overall, the import price continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by 37%. The import price peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Hong Kong SAR ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+14.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for plastic frames and mountings for spectacles and goggles in the world?

China remains the largest spectacle plastic frame consuming country worldwide, comprising approx. 33% of total volume. Moreover, spectacle plastic frame consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by Mexico, with a 7.4% share.

What are the largest producers of plastic frames and mountings for spectacles and goggles in the world?

China remains the largest spectacle plastic frame producing country worldwide, accounting for 68% of total volume. Moreover, spectacle plastic frame production in China exceeded the figures recorded by the second-largest producer, Hong Kong SAR, eightfold. The third position in this ranking was occupied by Italy, with a 5.3% share.

What are the leading suppliers of plastic frames and mountings for spectacles and goggles to India?

In value terms, China constituted the largest supplier of spectacle plastic frame to India, comprising 71% of total imports. The second position in the ranking was occupied by Hong Kong SAR, with an 8.2% share of total imports.

What are the leading importers of plastic frames and mountings for spectacles and goggles from India?

In value terms, the largest markets for spectacle plastic frame exported from India were Singapore, the United Arab Emirates and Argentina, together accounting for 70% of total exports. These countries were followed by the Netherlands, Qatar, Bhutan, Sudan, Maldives, South Africa, the Czech Republic, China and Tanzania, which together accounted for a further 21%.

What is the average export price for plastic frames and mountings for spectacles and goggles in India?

The average spectacle plastic frame export price stood at $8.2 per unit in 2021, falling by -7.4% against the previous year.

What is the average import price for plastic frames and mountings for spectacles and goggles in India?

In 2021, the average spectacle plastic frame import price amounted to $47 per unit, rising by 15% against the previous year.

This report provides an in-depth analysis of the spectacle plastic frame market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32504350 - Plastic frames and mountings for spectacles, goggles or the like

Country coverage:

India

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in India
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023