Romania: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in Romania

In 2021, the Romanian spectacle plastic frame market increased by 38% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption saw a significant expansion. Spectacle plastic frame consumption peaked in 2021 and is expected to retain growth in the immediate term.

Spectacle Plastic Frame Production in Romania

In value terms, spectacle plastic frame production surged to $X in 2021 estimated in export price. Overall, production, however, showed significant growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Spectacle Plastic Frame Exports

Exports from Romania

In 2021, overseas shipments of plastic frames and mountings for spectacles and goggles increased by 48% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports posted a mild expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 2,747% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, spectacle plastic frame exports soared to $X in 2021. Overall, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 2,182% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units) was the main destination for spectacle plastic frame exports from Romania, accounting for a 49% share of total exports. Moreover, spectacle plastic frame exports to the UK exceeded the volume sent to the second major destination, Norway (X units), fourfold. Moldova (X units) ranked third in terms of total exports with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at +97.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (0.0% per year) and Moldova (+5.7% per year).

In value terms, the UK ($X), the United States ($X) and Moldova ($X) appeared to be the largest markets for spectacle plastic frame exported from Romania worldwide, with a combined 85% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +322.0%, recorded the highest growth rate of the value of exports, 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 an increase of 47% against the previous year. Over the period under review, the export price showed a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Norway ($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 the United States (+80.5%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Plastic Frame Imports

Imports into Romania

After two years of decline, supplies from abroad of plastic frames and mountings for spectacles and goggles increased by 41% to X units in 2021. In general, imports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 51% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, spectacle plastic frame imports skyrocketed to $X in 2021. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 55%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest spectacle plastic frame supplier to Romania, accounting for a 57% share of total imports. Moreover, spectacle plastic frame imports from China exceeded the figures recorded by the second-largest supplier, Egypt (X units), fourfold. Italy (X units) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (0.0% per year) and Italy (+9.3% per year).

In value terms, China ($X), Italy ($X) and Germany ($X) were the largest spectacle plastic frame suppliers to Romania, with a combined 67% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of +55.2%, 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 plastic frame import price amounted to $X per unit, with an increase of 1.8% against the previous year. Over the period under review, the import price enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2020 when the average import price increased by 65% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+26.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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