Portugal: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in Portugal

The Portuguese spectacle plastic frame market dropped dramatically to $X in 2021, with a decrease of -28.6% against the previous year. Overall, consumption saw a noticeable shrinkage. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Spectacle Plastic Frame Production in Portugal

In value terms, spectacle plastic frame production declined remarkably to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a pronounced curtailment. Spectacle plastic frame production peaked at $X in 2020, and then contracted notably in the following year.

Spectacle Plastic Frame Exports

Exports from Portugal

In 2021, approx. X units of plastic frames and mountings for spectacles and goggles were exported from Portugal; rising by 69% compared with 2020 figures. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 177%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, spectacle plastic frame exports rose remarkably to $X in 2021. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 171% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Spain (X units) was the main destination for spectacle plastic frame exports from Portugal, with a 63% share of total exports. Moreover, spectacle plastic frame exports to Spain exceeded the volume sent to the second major destination, Sweden (X units), fourfold. The third position in this ranking was held by Denmark (X units), with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain stood at +295.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+361.5% per year) and Denmark (+36.9% per year).

In value terms, the largest markets for spectacle plastic frame exported from Portugal were Sweden ($X), Spain ($X) and Denmark ($X), together comprising 83% of total exports.

Sweden, with a CAGR of +394.6%, saw the highest rates of growth with regard to the value of exports, among 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 plastic frame export price amounted to $X per unit, with a decrease of -34.4% against the previous year. Overall, the export price recorded a abrupt decline. The growth pace was the most rapid in 2017 an increase of 46%. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Denmark ($X per unit), while the average price for exports to Spain ($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 Denmark (+11.8%), while the prices for the other major destinations experienced mixed trend patterns.

Spectacle Plastic Frame Imports

Imports into Portugal

In 2021, supplies from abroad of plastic frames and mountings for spectacles and goggles increased by 26% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports showed a buoyant increase. The pace of growth appeared the most rapid in 2013 with an increase of 65% against the previous year. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, spectacle plastic frame imports soared to $X in 2021. Overall, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 32%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), China (X units) and the Netherlands (X units) were the main suppliers of spectacle plastic frame imports to Portugal, with a combined 83% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +29.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of plastic frames and mountings for spectacles and goggles to Portugal, comprising 55% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Spain, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy totaled +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.6% per year) and Spain (+5.7% per year).

Import Prices by Country

In 2021, the average spectacle plastic frame import price amounted to $X per unit, with a decrease of -6.7% against the previous year. Over the period under review, the import price showed a pronounced decrease. The pace of growth appeared the most rapid in 2015 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 stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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