Northern America: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in Northern America

In 2021, the North American spectacle plastic frame market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Spectacle Plastic Frame Production in Northern America

In value terms, spectacle plastic frame production shrank sharply to $X in 2021 estimated in export price. In general, production, however, posted a significant increase. The pace of growth was the most pronounced in 2016 when the production volume increased by 1,112% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then contracted notably in the following year.

Spectacle Plastic Frame Exports

Exports in Northern America

In 2021, the amount of plastic frames and mountings for spectacles and goggles exported in Northern America soared to X units, rising by 18% against the previous year. Total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.1% 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 2015 when exports increased by 51%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, spectacle plastic frame exports surged to $X in 2021. Total exports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -16.5% against 2017 indices. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States dominates exports structure, accounting for X units, which was approx. 90% of total exports in 2021. It was distantly followed by Canada (X units), making up a 9.6% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to spectacle plastic frame exports from the United States stood at +5.9%. At the same time, Canada (+8.5%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +8.5% from 2012-2021. Canada (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -1.8% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest spectacle plastic frame supplier in Northern America, comprising 91% of total exports. The second position in the ranking was taken by Canada ($X), with an 8.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to +4.4%.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2021, with an increase of 9% against the previous year. Overall, the export price, however, saw a slight setback. The pace of growth appeared the most rapid in 2014 an increase of 47% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per unit), while Canada amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-1.4%).

Spectacle Plastic Frame Imports

Imports in Northern America

In 2021, approx. X units of plastic frames and mountings for spectacles and goggles were imported in Northern America; jumping by 41% compared with 2020. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +8.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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. Total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States prevails in imports structure, reaching X units, which was near 94% of total imports in 2021. It was distantly followed by Canada (X units), generating a 5.8% share of total imports.

The United States was also the fastest-growing in terms of the plastic frames and mountings for spectacles and goggles imports, with a CAGR of +9.1% from 2012 to 2021. At the same time, Canada (+7.2%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported plastic frames and mountings for spectacles and goggles in Northern America, comprising 88% of total imports. The second position in the ranking was held by Canada ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled +7.5%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per unit, with an increase of 8.3% against the previous year. Overall, the import price, however, recorded a slight curtailment. Over the period under review, import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-1.5%).

Source: IndexBox Platform

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