Norway: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in Norway

In 2021, the Norwegian spectacle non-plastic frame market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% 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 of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Spectacle Non-Plastic Frame Exports

Exports from Norway

In 2021, the amount of non-plastic frames and mountings for spectacles and goggles exported from Norway surged to X units, rising by 32% compared with 2020 figures. Over the period under review, exports, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 33%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, spectacle non-plastic frame exports soared to $X in 2021. In general, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 77%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X units), Hungary (X units) and Italy (X units) were the main destinations of spectacle non-plastic frame exports from Norway, together accounting for 74% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +42.0%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Italy ($X) and Germany ($X) constituted the largest markets for spectacle non-plastic frame exported from Norway worldwide, together comprising 80% of total exports. These countries were followed by the Netherlands, Hungary, Denmark, China and the UK, which together accounted for a further 14%.

In terms of the main countries of destination, Hungary, with a CAGR of +41.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average spectacle non-plastic frame export price amounted to $X per unit, rising by 11% against the previous year. Over the period under review, the export price, however, recorded a mild shrinkage. The pace of growth was the most pronounced in 2019 an increase of 54%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Denmark ($X per unit), while the average price for exports to China ($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 Germany (+9.5%), while the prices for the other major destinations experienced mixed trend patterns.

Spectacle Non-Plastic Frame Imports

Imports into Norway

In 2021, overseas purchases of non-plastic frames and mountings for spectacles and goggles were finally on the rise to reach X units after two years of decline. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 25%. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, spectacle non-plastic frame imports surged to $X in 2021. The total import value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when imports increased by 32%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest spectacle non-plastic frame supplier to Norway, with a 58% share of total imports. Moreover, spectacle non-plastic frame imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), eightfold. Denmark (X units) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+21.0% per year) and Denmark (-0.8% per year).

In value terms, the largest spectacle non-plastic frame suppliers to Norway were China ($X), Japan ($X) and Denmark ($X), together comprising 70% of total imports.

In terms of the main suppliers, Japan, with a CAGR of +25.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average spectacle non-plastic frame import price amounted to $X per unit, picking up by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 18% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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