Pakistan: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in Pakistan

The Pakistani spectacle plastic frame market fell to $X in 2021, reducing by -9.5% 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). Overall, consumption faced a abrupt setback. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Spectacle Plastic Frame Exports

Exports from Pakistan

In 2021, shipments abroad of plastic frames and mountings for spectacles and goggles increased by 40% to X units, rising for the second consecutive year after two years of decline. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 1,372%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, spectacle plastic frame exports surged to $X in 2021. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 436% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units) was the main destination for spectacle plastic frame exports from Pakistan, with a 76% share of total exports. Moreover, spectacle plastic frame exports to the UK exceeded the volume sent to the second major destination, the United States (X units), fivefold. The third position in this ranking was held by Sudan (X units), with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK stood at +105.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+23.5% per year) and Sudan (+24.9% per year).

In value terms, the UK ($X) remains the key foreign market for plastic frames and mountings for spectacles and goggles exports from Pakistan, comprising 71% of total exports. The second position in the ranking was held by the United States ($X), with an 18% share of total exports. It was followed by Rwanda, with a 4% share.

From 2012 to 2021, the average annual growth rate of value to the UK stood at +73.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+17.1% per year) and Rwanda (+601.5% per year).

Export Prices by Country

In 2021, the average spectacle plastic frame export price amounted to $X per unit, falling by -5.4% against the previous year. Over the period under review, the export price showed a perceptible setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by 332% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, the highest price was recorded for prices to the United States ($X per unit) and Rwanda ($X per unit), while the average price for exports to Sudan ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+54.3%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Plastic Frame Imports

Imports into Pakistan

In 2021, imports of plastic frames and mountings for spectacles and goggles into Pakistan shrank markedly to X units, with a decrease of -15.8% compared with 2020. Overall, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of 765%. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, spectacle plastic frame imports stood at $X in 2021. Over the period under review, imports recorded a pronounced decrease. The most prominent rate of growth was recorded in 2017 with an increase of 573% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United States (X units) constituted the largest spectacle plastic frame supplier to Pakistan, with a 19% share of total imports. Moreover, spectacle plastic frame imports from the United States exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), threefold. Hong Kong SAR (X units) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +33.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+108.9% per year) and Hong Kong SAR (-7.6% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of plastic frames and mountings for spectacles and goggles to Pakistan, comprising 11% of total imports. The second position in the ranking was taken by the United States ($X), with a 2.8% share of total imports. It was followed by the United Arab Emirates, with a 2.5% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at +48.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+12.8% per year) and the United Arab Emirates (+35.3% per year).

Import Prices by Country

The average spectacle plastic frame import price stood at $X per unit in 2021, jumping by 23% against the previous year. Over the period under review, the import price showed a prominent increase. The pace of growth appeared the most rapid in 2013 when the average import price increased by 251%. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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