Iran: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in Iran

The Iranian spectacle plastic frame market surged to $X in 2021, increasing by 384% 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 saw a strong increase. Spectacle plastic frame consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Spectacle Plastic Frame Exports

Exports from Iran

In 2021, overseas shipments of plastic frames and mountings for spectacles and goggles increased by 33% to X units, rising for the third consecutive year after three years of decline. In general, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2019 when exports increased by 550% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, spectacle plastic frame exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a deep reduction. The growth pace was the most rapid in 2019 when exports increased by 261%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for spectacle plastic frame exports from Iran, with a approx. 98% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to -4.5%.

In value terms, Germany ($X) remains the key foreign market for plastic frames and mountings for spectacles and goggles exports from Iran, comprising 96% of total exports. The second position in the ranking was held by France ($X), with a 2% share of total exports. It was followed by Kuwait, with a 1.8% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-14.4% per year) and Kuwait (-19.2% per year).

Export Prices by Country

The average spectacle plastic frame export price stood at $X per unit in 2021, increasing by 18% against the previous year. Over the period under review, the export price, however, showed a slight setback. The pace of growth was the most pronounced in 2020 when the average export price increased by 57%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Kuwait ($X per unit), while the average price for exports to Germany ($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 Kuwait (+29.4%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Plastic Frame Imports

Imports into Iran

Spectacle plastic frame imports into Iran skyrocketed to X units in 2021, rising by 541% against the previous year. In general, imports continue to indicate a resilient expansion. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, spectacle plastic frame imports surged to $X in 2021. Overall, imports recorded noticeable growth. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X units) constituted the largest supplier of spectacle plastic frame to Iran, with a 24% share of total imports. Moreover, spectacle plastic frame imports from Turkey exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), sevenfold. China (X units) ranked third in terms of total imports with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey amounted to +28.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+5.1% per year) and China (-9.7% per year).

In value terms, Hong Kong SAR ($X) constituted the largest supplier of plastic frames and mountings for spectacles and goggles to Iran, comprising 26% of total imports. The second position in the ranking was taken by Turkey ($X), with a 12% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Hong Kong SAR stood at +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+7.0% per year) and China (-9.0% per year).

Import Prices by Country

In 2021, the average spectacle plastic frame import price amounted to $X per unit, which is down by -62.7% against the previous year. In general, the import price saw a deep setback. The pace of growth appeared the most rapid in 2016 an increase of 60% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Hong Kong SAR ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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