Peru: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in Peru

After two years of decline, the Peruvian spectacle plastic frame market increased by 41% to $X in 2021. In general, consumption showed a significant increase. Spectacle plastic frame consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Spectacle Plastic Frame Exports

Exports from Peru

Spectacle plastic frame exports from Peru was estimated at X units in 2021, increasing by 3.5% against the year before. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 298% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, spectacle plastic frame exports soared to $X in 2021. In general, exports continue to indicate a modest increase. The most prominent rate of growth was recorded in 2015 when exports increased by 219%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Ecuador (X units), Colombia (X units) and Chile (X units) were the main destinations of spectacle plastic frame exports from Peru, with a combined 97% share 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 Ecuador (with a CAGR of +18.9%), while the other leaders experienced mixed trend patterns.

In value terms, Ecuador ($X) remains the key foreign market for plastic frames and mountings for spectacles and goggles exports from Peru, comprising 79% of total exports. The second position in the ranking was taken by Colombia ($X), with a 14% share of total exports. It was followed by Chile, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ecuador amounted to +14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-15.7% per year) and Chile (-1.3% per year).

Export Prices by Country

In 2021, the average spectacle plastic frame export price amounted to $X per unit, with an increase of 15% against the previous year. In general, export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 an increase of 54% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Bolivia ($X per unit), while the average price for exports to Colombia ($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 Chile (+19.3%), while the prices for the other major destinations experienced a decline.

Spectacle Plastic Frame Imports

Imports into Peru

In 2021, the amount of plastic frames and mountings for spectacles and goggles imported into Peru soared to X units, increasing by 35% against the year before. In general, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2013 when imports increased by 78%. 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. Overall, imports enjoyed resilient growth. The growth pace was the most rapid in 2013 when imports increased by 63% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of spectacle plastic frame to Peru, with a 91% share of total imports. It was followed by Brazil (X units), with a 2.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +22.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+25.4% per year) and Hong Kong SAR (+82.4% per year).

In value terms, China ($X) constituted the largest supplier of plastic frames and mountings for spectacles and goggles to Peru, comprising 69% of total imports. The second position in the ranking was taken by Brazil ($X), with an 8.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+32.8% per year) and Hong Kong SAR (+52.4% per year).

Import Prices by Country

The average spectacle plastic frame import price stood at $X per unit in 2021, increasing by 9% against the previous year. Over the period under review, the import price, however, saw a perceptible reduction. The pace of growth was the most pronounced in 2016 an increase of 13%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+5.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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