MERCOSUR: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Exports

Exports in MERCOSUR

Spectacle non-plastic frame exports soared to X units in 2021, increasing by 56% against 2020 figures. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 73%. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, spectacle non-plastic frame exports skyrocketed to $X in 2021. Over the period under review, exports recorded a slight increase. The pace of growth was the most pronounced in 2017 with an increase of 65%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Uruguay (X units) and Brazil (X units) dominates exports structure, together constituting 81% of total exports. It was distantly followed by Chile (X units), constituting a 7% share of total exports. The following exporters - Peru (X units), Ecuador (X units) and Colombia (X units) - together made up 11% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Uruguay (with a CAGR of +71.6%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) remains the largest spectacle non-plastic frame supplier in MERCOSUR, comprising 39% of total exports. The second position in the ranking was held by Ecuador ($X), with a 15% share of total exports. It was followed by Chile, with a 15% share.

In Brazil, spectacle non-plastic frame exports expanded at an average annual rate of +7.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Ecuador (+50.1% per year) and Chile (+1.3% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2021, rising by 4.1% against the previous year. Export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, spectacle non-plastic frame export price decreased by -25.5% against 2016 indices. The most prominent rate of growth was recorded in 2014 an increase of 41% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Ecuador ($X per unit), while Uruguay ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+28.9%), while the other leaders experienced more modest paces of growth.

Spectacle Non-Plastic Frame Imports

Imports in MERCOSUR

In 2021, approx. X units of non-plastic frames and mountings for spectacles and goggles were imported in MERCOSUR; with an increase of 84% against the year before. In general, imports, however, continue to indicate a perceptible decrease. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, spectacle non-plastic frame imports surged to $X in 2021. Over the period under review, imports, however, showed a deep slump. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Chile was the key importing country with an import of about X units, which resulted at 47% of total imports. Brazil (X units) took the second position in the ranking, distantly followed by Ecuador (X units) and Colombia (X units). All these countries together took approx. 41% share of total imports. Argentina (X units), Uruguay (X units) and Peru (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to spectacle non-plastic frame imports into Chile stood at +5.2%. At the same time, Ecuador (+13.3%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +13.3% from 2012-2021. By contrast, Uruguay (-2.7%), Peru (-6.9%), Brazil (-7.3%), Colombia (-10.4%) and Argentina (-13.6%) illustrated a downward trend over the same period. Chile (+24 p.p.) and Ecuador (+9.7 p.p.) significantly strengthened its position in terms of the total imports, while Colombia, Argentina and Brazil saw its share reduced by -4.9%, -8.1% and -11.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Chile ($X) and Colombia ($X) constituted the countries with the highest levels of imports in 2021, with a combined 67% share of total imports. These countries were followed by Ecuador, Peru, Argentina and Uruguay, which together accounted for a further 28%.

Uruguay, with a CAGR of -1.4%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per unit, falling by -20.7% against the previous year. Overall, the import price continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2017 when the import price increased by 15% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+6.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform