Luxembourg: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in Luxembourg

The Luxembourg spectacle non-plastic frame market surged to $X in 2021, growing by 28% 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). Over the period under review, consumption posted a pronounced expansion. Spectacle non-plastic frame consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Spectacle Non-Plastic Frame Exports

Exports from Luxembourg

In 2021, shipments abroad of non-plastic frames and mountings for spectacles and goggles increased by 62% to X units, rising for the second consecutive year after seven years of decline. In general, exports, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 82%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, spectacle non-plastic frame exports soared to $X in 2021. Over the period under review, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 127%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

France (X units), the United States (X units) and Belgium (X units) were the main destinations of spectacle non-plastic frame exports from Luxembourg, together accounting for 74% of total exports. These countries were followed by Bulgaria, Canada, the Netherlands, Spain and Indonesia, which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +31.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for non-plastic frames and mountings for spectacles and goggles exports from Luxembourg, comprising 52% of total exports. The second position in the ranking was held by France ($X), with a 22% share of total exports. It was followed by the Netherlands, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -13.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-20.9% per year) and the Netherlands (-6.2% per year).

Export Prices by Country

In 2021, the average spectacle non-plastic frame export price amounted to $X per unit, waning by -13.2% against the previous year. Overall, the export price showed a abrupt setback. The pace of growth appeared the most rapid in 2018 an increase of 170% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices remained 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 the United States ($X per unit), while the average price for exports to Indonesia ($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 Canada (-3.0%), while the prices for the other major destinations experienced a decline.

Spectacle Non-Plastic Frame Imports

Imports into Luxembourg

In 2021, approx. X units of non-plastic frames and mountings for spectacles and goggles were imported into Luxembourg; picking up by 65% on the previous year. In general, imports, however, continue to indicate a noticeable shrinkage. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, spectacle non-plastic frame imports reached $X in 2021. Overall, imports, however, recorded a pronounced setback. The pace of growth was the most pronounced in 2018 with an increase of 34% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), France (X units) and Belgium (X units) were the main suppliers of spectacle non-plastic frame imports to Luxembourg, together accounting for 74% of total imports. These countries were followed by the Netherlands, Denmark, China, Spain, Indonesia, Italy and Hong Kong SAR, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +21.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and France ($X) were the largest spectacle non-plastic frame suppliers to Luxembourg, together comprising 69% of total imports. These countries were followed by Denmark, the Netherlands, Indonesia, Spain, China, Italy and Hong Kong SAR, which together accounted for a further 25%.

Spain, with a CAGR of +11.9%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 non-plastic frame import price stood at $X per unit in 2021, waning by -31.4% against the previous year. Over the period under review, the import price saw a pronounced downturn. The growth pace was the most rapid in 2014 when the average import price increased by 19% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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