Italy: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in Italy

The Italian spectacle non-plastic frame market reduced to $X in 2021, with a decrease of -10.9% against the previous year. In general, consumption continues to indicate a abrupt contraction. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Spectacle Non-Plastic Frame Production in Italy

In value terms, spectacle non-plastic frame production expanded markedly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 80% against the previous year. Spectacle non-plastic frame production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Spectacle Non-Plastic Frame Exports

Exports from Italy

In 2021, shipments abroad of non-plastic frames and mountings for spectacles and goggles increased by 46% to X units, rising for the fifth consecutive year after two years of decline. In general, exports showed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, spectacle non-plastic frame exports skyrocketed to $X in 2021. Overall, total exports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X units), the United States (X units) and Germany (X units) were the main destinations of spectacle non-plastic frame exports from Italy, together comprising 43% of total exports. These countries were followed by China, Spain, the Netherlands, the UK, Mexico, Turkey, the United Arab Emirates, Poland, Brazil and Russia, which together accounted for a further 34%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +23.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spectacle non-plastic frame exported from Italy were the United States ($X), France ($X) and Germany ($X), with a combined 47% share of total exports. Spain, the Netherlands, China, the UK, Poland, Mexico, the United Arab Emirates, Russia, Turkey and Brazil lagged somewhat behind, together comprising a further 29%.

China, with a CAGR of +22.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average spectacle non-plastic frame export price amounted to $X per unit, dropping by -3.5% against the previous year. Overall, the export price showed a pronounced decline. The pace of growth was the most pronounced in 2013 an increase of 27%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Brazil ($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 China (+3.6%), while the prices for the other major destinations experienced a decline.

Spectacle Non-Plastic Frame Imports

Imports into Italy

Spectacle non-plastic frame imports into Italy skyrocketed to X units in 2021, rising by 24% against the year before. In general, total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -27.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 45% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, spectacle non-plastic frame imports skyrocketed to $X in 2021. Overall, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 35%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X units) was the main supplier of spectacle non-plastic frame to Italy, with a 94% share of total imports. It was followed by Japan (X units), with a 2% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +4.4%.

In value terms, China ($X) constituted the largest supplier of non-plastic frames and mountings for spectacles and goggles to Italy, comprising 76% of total imports. The second position in the ranking was taken by Japan ($X), with an 8.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +2.8%.

Import Prices by Country

The average spectacle non-plastic frame import price stood at $X per unit in 2021, increasing by 7.5% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 39% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+9.3%).

Source: IndexBox Platform

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