Luxembourg: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in Luxembourg

The Luxembourg spectacle plastic frame market surged to $X in 2021, with an increase of 47% 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, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Spectacle Plastic Frame Exports

Exports from Luxembourg

Spectacle plastic frame exports from Luxembourg reached X units in 2021, picking up by 7.5% compared with the previous year. In general, exports saw a prominent increase. The pace of growth was the most pronounced in 2019 when exports increased by 295% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, spectacle plastic frame exports reached $X in 2021. Over the period under review, exports showed a temperate expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 213%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium (X units) was the main destination for spectacle plastic frame exports from Luxembourg, with a 54% share of total exports. Moreover, spectacle plastic frame exports to Belgium exceeded the volume sent to the second major destination, France (X units), twofold. The Netherlands (X units) ranked third in terms of total exports with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium stood at +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-4.6% per year) and the Netherlands (+43.5% per year).

In value terms, Belgium ($X) remains the key foreign market for plastic frames and mountings for spectacles and goggles exports from Luxembourg, comprising 54% of total exports. The second position in the ranking was held by France ($X), with a 22% share of total exports. It was followed by the Netherlands, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value to Belgium amounted to +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-2.2% per year) and the Netherlands (+33.8% per year).

Export Prices by Country

In 2021, the average spectacle plastic frame export price amounted to $X per unit, growing by 5.7% against the previous year. In general, the export price, however, recorded a slight setback. The pace of growth appeared the most rapid in 2016 an increase of 115% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2021, the countries with the highest prices were Germany ($X per unit) and Belgium ($X per unit), while the average price for exports to the Netherlands ($X per unit) and France ($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 France (+2.5%), while the prices for the other major destinations experienced a decline.

Spectacle Plastic Frame Imports

Imports into Luxembourg

Spectacle plastic frame imports into Luxembourg skyrocketed to X units in 2021, with an increase of 41% on 2020. Over the period under review, imports recorded noticeable growth. The most prominent rate of growth was recorded in 2013 with an increase of 75% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, spectacle plastic frame imports surged to $X in 2021. In general, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.2% 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 2013 when imports increased by 76% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, France (X units) constituted the largest spectacle plastic frame supplier to Luxembourg, with a 59% share of total imports. Moreover, spectacle plastic frame imports from France exceeded the figures recorded by the second-largest supplier, Belgium (X units), threefold. The third position in this ranking was taken by Germany (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+9.2% per year) and Germany (-0.6% per year).

In value terms, France ($X) constituted the largest supplier of plastic frames and mountings for spectacles and goggles to Luxembourg, comprising 59% of total imports. The second position in the ranking was taken by Belgium ($X), with a 20% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from France stood at +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+2.9% per year) and Germany (+2.7% per year).

Import Prices by Country

The average spectacle plastic frame import price stood at $X per unit in 2021, rising by 3.7% against the previous year. Over the period under review, the import price continues to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 49% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 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 France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :