Norway: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in Norway

The Norwegian spectacle plastic frame market surged to $X in 2021, with an increase of 19% 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 prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +28.8% against 2019 indices. Over the period under review, the market attained the peak level in 2021 and is likely to continue growth in the immediate term.

Spectacle Plastic Frame Exports

Exports from Norway

In 2021, spectacle plastic frame exports from Norway surged to X units, increasing by 114% compared with the previous year. Over the period under review, exports, however, saw a perceptible decline. The pace of growth appeared the most rapid in 2019 with an increase of 191%. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, spectacle plastic frame exports surged to $X in 2021. In general, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 215%. 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

Italy (X units) was the main destination for spectacle plastic frame exports from Norway, with a 47% share of total exports. Moreover, spectacle plastic frame exports to Italy exceeded the volume sent to the second major destination, the UK (X units), threefold. The third position in this ranking was held by Germany (X units), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy stood at +16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-9.6% per year) and Germany (+9.4% per year).

In value terms, Italy ($X) remains the key foreign market for plastic frames and mountings for spectacles and goggles exports from Norway, comprising 66% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 12% share of total exports. It was followed by Germany, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy stood at +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+41.8% per year) and Germany (+2.4% per year).

Export Prices by Country

The average spectacle plastic frame export price stood at $X per unit in 2021, declining by -18.1% against the previous year. Overall, the export price saw a pronounced contraction. The most prominent rate of growth was recorded in 2018 an increase of 164% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Switzerland ($X per unit), while the average price for exports to the UK ($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 Switzerland (+8.7%), while the prices for the other major destinations experienced mixed trend patterns.

Spectacle Plastic Frame Imports

Imports into Norway

For the third consecutive year, Norway recorded growth in supplies from abroad of plastic frames and mountings for spectacles and goggles, which increased by 13% to X units in 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +1.9% against 2017 indices. The pace of growth appeared the most rapid in 2017 with an increase of 40% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, spectacle plastic frame imports surged to $X in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +16.2% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest spectacle plastic frame supplier to Norway, with a 63% share of total imports. Moreover, spectacle plastic frame imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. Hungary (X units) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.4% per year) and Hungary (+10.1% per year).

In value terms, China ($X), Italy ($X) and Denmark ($X) appeared to be the largest spectacle plastic frame suppliers to Norway, with a combined 80% share of total imports. These countries were followed by Thailand, the Netherlands, Hungary, the United States, Taiwan (Chinese) and Hong Kong SAR, which together accounted for a further 9.8%.

Thailand, with a CAGR of +66.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spectacle plastic frame import price stood at $X per unit in 2021, growing by 12% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 53%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average 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 Italy ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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