Portugal: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in Portugal

For the fourth year in a row, the Portuguese spectacle non-plastic frame market recorded decline in sales value, which decreased by -16.6% to $X in 2021. Over the period under review, consumption showed a deep slump. Spectacle non-plastic frame consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Spectacle Non-Plastic Frame Production in Portugal

In value terms, spectacle non-plastic frame production stood at $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 123%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Spectacle Non-Plastic Frame Exports

Exports from Portugal

In 2021, shipments abroad of non-plastic frames and mountings for spectacles and goggles increased by 123% to X units, rising for the fourth consecutive year after four years of decline. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 218% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, spectacle non-plastic frame exports soared to $X in 2021. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 123%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Spain (X units) was the main destination for spectacle non-plastic frame exports from Portugal, with a 54% share of total exports. Moreover, spectacle non-plastic frame exports to Spain exceeded the volume sent to the second major destination, Sweden (X units), threefold. Denmark (X units) ranked third in terms of total exports with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume to Spain totaled +173.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+751.0% per year) and Denmark (+641.5% per year).

In value terms, Sweden ($X), Spain ($X) and Denmark ($X) appeared to be the largest markets for spectacle non-plastic frame exported from Portugal worldwide, with a combined 77% share of total exports.

Sweden, with a CAGR of +635.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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, reducing by -13.3% against the previous year. In general, the export price recorded a abrupt descent. The pace of growth appeared the most rapid in 2017 an increase of 35% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to Spain ($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 Slovenia (+35.2%), while the prices for the other major destinations experienced mixed trend patterns.

Spectacle Non-Plastic Frame Imports

Imports into Portugal

In 2021, imports of non-plastic frames and mountings for spectacles and goggles into Portugal soared to X units, growing by 25% on the year before. Overall, imports posted a remarkable increase. The growth pace was the most rapid in 2019 with an increase of 35% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, spectacle non-plastic frame imports soared to $X in 2021. Over the period under review, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 38% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

China (X units), Italy (X units) and Spain (X units) were the main suppliers of spectacle non-plastic frame imports to Portugal, with a combined 85% share of total imports. France, the Netherlands, Sweden and Germany lagged somewhat behind, together comprising a further 11%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +40.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and Spain ($X) were the largest spectacle non-plastic frame suppliers to Portugal, with a combined 73% share of total imports. These countries were followed by Sweden, France, Germany and the Netherlands, which together accounted for a further 19%.

Among the main suppliers, Sweden, with a CAGR of +62.7%, saw the highest growth rate of 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, which is down by -1.9% against the previous year. Overall, the import price recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 when the average import price increased by 17% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+16.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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