Romania: Spectacle Frame Market 2024

Spectacle Frame Market Size in Romania

In 2022, the Romanian spectacle frame market decreased by X% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption, however, saw prominent growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Spectacle Frame Production in Romania

In value terms, spectacle frame production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production posted a perceptible increase. The growth pace was the most rapid in 2014 with an increase of X%. Spectacle frame production peaked in 2022 and is likely to see gradual growth in the immediate term.

Spectacle Frame Exports

Exports from Romania

In 2022, overseas shipments of frames and mountings for spectacles, goggles or the like were finally on the rise to reach X units after five years of decline. Over the period under review, exports, however, showed a deep reduction. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, spectacle frame exports soared to $X in 2022. In general, exports posted notable growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X units) was the main destination for spectacle frame exports from Romania, accounting for a X% share of total exports. Moreover, spectacle frame exports to Italy exceeded the volume sent to the second major destination, the UK (X units), twofold. The third position in this ranking was taken by Spain (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Spain (X% per year).

In value terms, Spain ($X), Italy ($X) and the UK ($X) constituted the largest markets for spectacle frame exported from Romania worldwide, with a combined X% share of total exports.

Spain, with a CAGR of X%, 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 2022, the average spectacle frame export price amounted to $X per unit, jumping by X% against the previous year. In general, the export price saw a resilient increase. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Frame Imports

Imports into Romania

In 2022, imports of frames and mountings for spectacles, goggles or the like into Romania declined rapidly to X units, shrinking by X% against the previous year. Overall, total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, spectacle frame imports rose rapidly to $X in 2022. Over the period under review, imports, however, saw strong growth. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest spectacle frame supplier to Romania, accounting for a X% share of total imports. Moreover, spectacle frame imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), sevenfold. The third position in this ranking was held by Italy (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Italy (X% per year).

In value terms, Italy ($X), China ($X) and Germany ($X) appeared to be the largest spectacle frame suppliers to Romania, with a combined X% share of total imports. France, Hungary, Poland and Turkey lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Turkey, with a CAGR of X%, recorded 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 2022, the average spectacle frame import price amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price posted a prominent increase. The most prominent rate of growth was recorded in 2020 an increase of X%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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