Romania: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in Romania

The Romanian spectacle non-plastic frame market soared to $X in 2021, jumping by 75% against the previous year. Over the period under review, consumption posted a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Spectacle Non-Plastic Frame Production in Romania

In value terms, spectacle non-plastic frame production plummeted to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a dramatic descent. The pace of growth appeared the most rapid in 2019 with an increase of 38% against the previous year. Spectacle non-plastic frame production peaked at $X in 2020, and then dropped significantly in the following year.

Spectacle Non-Plastic Frame Exports

Exports from Romania

For the fifth consecutive year, Romania recorded decline in overseas shipments of non-plastic frames and mountings for spectacles and goggles, which decreased by -72.7% to X units in 2021. Over the period under review, exports continue to indicate a sharp slump. The pace of growth appeared the most rapid in 2016 when exports increased by 40%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, spectacle non-plastic frame exports fell remarkably to $X in 2021. Overall, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 47% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Moldova (X units) was the main destination for spectacle non-plastic frame exports from Romania, with a 62% share of total exports. Moreover, spectacle non-plastic frame exports to Moldova exceeded the volume sent to the second major destination, the UK (X units), threefold. Poland (X units) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume to Moldova amounted to +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (0.0% per year) and Poland (+14.9% per year).

In value terms, the largest markets for spectacle non-plastic frame exported from Romania were the UK ($X), Moldova ($X) and the United States ($X), together comprising 66% of total exports.

The United States, with a CAGR of +119.9%, recorded the highest rates of growth with regard to 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, increasing by 78% against the previous year. In general, the export price recorded a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Moldova ($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 Moldova (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Non-Plastic Frame Imports

Imports into Romania

In 2021, supplies from abroad of non-plastic frames and mountings for spectacles and goggles increased by 42% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, showed a relatively flat trend pattern. Imports peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, spectacle non-plastic frame imports soared to $X in 2021. Overall, imports posted a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of spectacle non-plastic frame to Romania, accounting for a 63% share of total imports. Moreover, spectacle non-plastic frame imports from China exceeded the figures recorded by the second-largest supplier, France (X units), sevenfold. The third position in this ranking was taken by Italy (X units), with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+24.7% per year) and Italy (+0.1% per year).

In value terms, the largest spectacle non-plastic frame suppliers to Romania were Italy ($X), China ($X) and Poland ($X), with a combined 66% share of total imports. These countries were followed by France, Croatia, Germany and Hungary, which together accounted for a further 20%.

Croatia, with a CAGR of +27.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, picking up by 15% against the previous year. Overall, the import price posted a resilient expansion. The most prominent rate of growth was recorded in 2020 an increase of 54%. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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