Report Update Nov 1, 2024

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

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Kuwait: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in Kuwait

In 2021, the Kuwaiti spectacle plastic frame market was finally on the rise to reach $X after five years of decline. Overall, consumption saw a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Spectacle Plastic Frame Exports

Exports from Kuwait

In 2021, approx. X units of plastic frames and mountings for spectacles and goggles were exported from Kuwait; jumping by 141% against 2020 figures. In general, exports recorded prominent growth. The growth pace was the most rapid in 2016 with an increase of 296%. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, spectacle plastic frame exports surged to $X in 2021. Over the period under review, exports enjoyed buoyant growth. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X units), Italy (X units) and the United Arab Emirates (X units) were the main destinations of spectacle plastic frame exports from Kuwait, together comprising 93% 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 Spain (with a CAGR of +21.9%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for plastic frames and mountings for spectacles and goggles exports from Kuwait, comprising 87% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 6.6% share of total exports. It was followed by Spain, with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy amounted to +15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+2.9% per year) and Spain (-1.3% per year).

Export Prices by Country

In 2021, the average spectacle plastic frame export price amounted to $X per unit, increasing by 273% against the previous year. Overall, the export price, however, continues to indicate a slight curtailment. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to Spain ($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 Italy (-0.9%), while the prices for the other major destinations experienced a decline.

Spectacle Plastic Frame Imports

Imports into Kuwait

In 2021, overseas purchases of plastic frames and mountings for spectacles and goggles increased by 220% to X units, rising for the second year in a row after four years of decline. In general, imports enjoyed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, spectacle plastic frame imports surged to $X in 2021. Over the period under review, imports enjoyed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X units), the United Arab Emirates (X units) and Turkey (X units) were the main suppliers of spectacle plastic frame imports to Kuwait, with a combined 28% share of total imports. Spain, France, Taiwan (Chinese), China, Austria, Germany, the Netherlands and Japan lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +44.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spectacle plastic frame suppliers to Kuwait were Italy ($X), the United Arab Emirates ($X) and Spain ($X), together accounting for 33% of total imports. These countries were followed by Austria, the Netherlands, Germany, France, China, Japan, Turkey and Taiwan (Chinese), which together accounted for a further 21%.

The Netherlands, with a CAGR of +41.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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, shrinking by -27.1% against the previous year. Overall, the import price continues to indicate a deep downturn. The growth pace was the most rapid in 2014 an increase of 39% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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 constituted the country with the largest volume of spectacle plastic frame production, comprising approx. 68% of total volume. Moreover, spectacle plastic frame production in China exceeded the figures recorded by the second-largest producer, Hong Kong SAR, eightfold. Italy ranked third in terms of total production with a 5.3% share.

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

In value terms, the largest spectacle plastic frame suppliers to Kuwait were Italy, the United Arab Emirates and Spain, together comprising 54% of total imports. Germany, France, China and Turkey lagged somewhat behind, together comprising a further 18%.

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

In value terms, Italy remains the key foreign market for spectacle plastic frame exports from Kuwait, comprising 86% of total exports. The second position in the ranking was occupied by the United Arab Emirates, with a 6.1% share of total exports. It was followed by Spain, with a 2.6% share.

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

In 2021, the average spectacle plastic frame export price amounted to $33 per unit, with an increase of 191% against the previous year.

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

In 2021, the average spectacle plastic frame import price amounted to $28 per unit, rising by 5.1% against the previous year.

This report provides an in-depth analysis of the spectacle plastic frame market in Kuwait. 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:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
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
Find deeper insights into current market developments
Discover vital success factors affecting the market

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