Israel: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in Israel

In 2021, the Israeli spectacle plastic frame market increased by 45% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption posted a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Spectacle Plastic Frame Exports

Exports from Israel

In 2021, approx. X units of plastic frames and mountings for spectacles and goggles were exported from Israel; with a decrease of -93.1% compared with the previous year's figure. Overall, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2018 when exports increased by 1,410% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, spectacle plastic frame exports fell notably to $X in 2021. Over the period under review, exports saw a abrupt contraction. The growth pace was the most rapid in 2018 when exports increased by 1,860%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units), the UK (X units) and Italy (X units) were the main destinations of spectacle plastic frame exports from Israel, with a combined 77% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +46.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spectacle plastic frame exported from Israel were the United States ($X), the UK ($X) and Italy ($X), with a combined 77% share of total exports.

In terms of the main countries of destination, Italy, with a CAGR of +37.9%, recorded 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, with an increase of 2% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 30% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, the countries with the highest prices were Germany ($X per unit) and the UK ($X per unit), while the average price for exports to the United States ($X per unit) and Canada ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+37.8%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Plastic Frame Imports

Imports into Israel

In 2021, purchases abroad of plastic frames and mountings for spectacles and goggles increased by 38% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of 50% against the previous year. Over the period under review, imports attained the maximum at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, spectacle plastic frame imports soared to $X in 2021. Overall, imports saw buoyant growth. The pace of growth appeared the most rapid in 2014 when imports increased by 42%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

China (X units), the United States (X units) and Italy (X units) were the main suppliers of spectacle plastic frame imports to Israel, with a combined 88% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +50.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spectacle plastic frame suppliers to Israel were China ($X), the United States ($X) and Italy ($X), with a combined 88% share of total imports.

In terms of the main suppliers, the United States, with a CAGR of +52.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spectacle plastic frame import price stood at $X per unit in 2021, with a decrease of -4.5% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, spectacle plastic frame import price decreased by -4.7% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 36%. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Spain ($X per unit) and Hong Kong SAR ($X per unit), while the price for China ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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