Malta: Spectacle Frame Market 2020

Spectacle Frame Market Size in Malta

The revenue of the spectacle frame market in Malta amounted to $X in 2018, rising by X% against the previous year. Overall, the total market indicated strong growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, spectacle frame consumption increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. In that year, the spectacle frame market reached its peak level of $X. From 2009 to 2018, the growth of the spectacle frame market remained at a lower figure.

Spectacle Frame Production in Malta

In value terms, spectacle frame production totaled $X in 2018 estimated in export prices. In general, spectacle frame production continues to indicate skyrocketing growth. The most prominent rate of growth was recorded in 2016 when production volume increased by X% against the previous year. Malta spectacle frame production peaked at $X in 2012; however, from 2013 to 2018, production remained at a lower figure.

Spectacle Frame Exports

Exports from Malta

In 2018, the amount of frames and mountings for spectacles, goggles or the like exported from Malta totaled X units, increasing by X% against the previous year. In general, spectacle frame exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2015 when exports increased by X% year-to-year. Over the period under review, spectacle frame exports reached their maximum in 2018 and are expected to retain its growth in the near future.

In value terms, spectacle frame exports amounted to $X in 2018. In general, spectacle frame exports continue to indicate a precipitous deduction. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Malta exports peaked at $X in 2009; however, from 2010 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, China (X units) was the main exporter of frames and mountings for spectacles, goggles or the like, committing X% of total exports. China, Hong Kong SAR (X units) ranks second in terms of the total exports with a X% share, followed by Italy (X%). The Netherlands (X units), Germany (X units), South Korea (X units) and the U.S. (X units) took a relatively small share of total exports.

From 2007 to 2018, average annual rates of growth with regard to spectacle frame exports from China stood at +X%. At the same time, the Netherlands (+X%), South Korea (+X%), China, Hong Kong SAR (+X%), the U.S. (+X%), Germany (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. While the share of China (+X p.p.), China, Hong Kong SAR (+X p.p.) and the Netherlands (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest spectacle frame markets from Malta were Italy ($X), China ($X) and China, Hong Kong SAR ($X), together comprising X% of total exports. These countries were followed by the Netherlands, the U.S., Germany, South Korea and Malta, which together accounted for a further X the main exporting countries, the Netherlands experienced the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The spectacle frame export price in Malta stood at $X per unit in 2018, coming down by -X% against the previous year. Over the period under review, the spectacle frame export price continues to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2008 when the export price increased by X% year-to-year. Malta export price peaked at $X per unit in 2009; however, from 2010 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Italy ($X per unit), while China ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Spectacle Frame Imports

Imports into Malta

In 2018, approx. X units of frames and mountings for spectacles, goggles or the like were imported into Malta; jumping by X% against the previous year. Overall, spectacle frame imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% year-to-year. Malta imports peaked at X units in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

In value terms, spectacle frame imports amounted to $X in 2018. Overall, spectacle frame imports continue to indicate a moderate slump. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. In that year, spectacle frame imports reached their peak of $X, and then declined slightly in the following year.

Imports by Country

The U.S. (X units) and China, Hong Kong SAR (X units) represented the major importers of frames and mountings for spectacles, goggles or the like in 2018, resulting at approx. X% and X% of total imports, respectively. Italy (X units) ranks next in terms of the total imports with a X% share, followed by India (X%), Germany (X%) and the UK (X%). The following importers - France (X units), Japan (X units), the Netherlands (X units), Mexico (X units), Russia (X units) and Canada (X units) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

In value terms, the largest spectacle frame importing markets into Malta were the U.S. ($X), China, Hong Kong SAR ($X) and Italy ($X), together accounting for X% of total imports. France, Germany, the UK, Canada, the Netherlands, Japan, Mexico, India, Russia and Malta lagged somewhat behind, together accounting for a further X recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the spectacle frame import price in Malta amounted to $X per unit, falling by -X% against the previous year. Over the period under review, the spectacle frame import price continues to indicate a drastic drop. The growth pace was the most rapid in 2015 when the import price increased by X% against the previous year. Over the period under review, the import prices for frames and mountings for spectacles, goggles or the like reached their peak figure at $X per unit in 2017, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Canada ($X per unit), while India ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform