Russian Federation: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in the Russian Federation

The Russian spectacle non-plastic frame market surged to $X in 2021, increasing by 57% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Spectacle Non-Plastic Frame Exports

Exports from the Russian Federation

In 2021, the amount of non-plastic frames and mountings for spectacles and goggles exported from Russia surged to X units, rising by 41% against the previous year's figure. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 335%. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, spectacle non-plastic frame exports surged to $X in 2021. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2019 when exports increased by 221% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Belarus (X units), Kazakhstan (X units) and Italy (X units) were the main destinations of spectacle non-plastic frame exports from Russia, with a combined 95% share of total exports. These countries were followed by Ukraine, which accounted for a further 4.8%.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +123.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spectacle non-plastic frame exported from Russia were Belarus ($X), Kazakhstan ($X) and Italy ($X), with a combined 96% share of total exports. These countries were followed by Ukraine, which accounted for a further 3.6%.

In terms of the main countries of destination, Ukraine, with a CAGR of +85.0%, saw 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

The average spectacle non-plastic frame export price stood at $X per unit in 2021, jumping by 31% against the previous year. In general, the export price, however, showed a noticeable descent. The growth pace was the most rapid in 2016 an increase of 42%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average 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 Italy ($X per unit), while the average price for exports to Ukraine ($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 Belarus (-1.5%), while the prices for the other major destinations experienced a decline.

Spectacle Non-Plastic Frame Imports

Imports into the Russian Federation

Spectacle non-plastic frame imports into Russia surged to X units in 2021, increasing by 67% against the year before. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, spectacle non-plastic frame imports skyrocketed to $X in 2021. Overall, imports recorded a relatively flat trend pattern. 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) was the main supplier of spectacle non-plastic frame to Russia, with a 91% share of total imports. Moreover, spectacle non-plastic frame imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold.

From 2012 to 2021, 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: Italy (+0.7% per year) and South Korea (-25.7% per year).

In value terms, China ($X) constituted the largest supplier of non-plastic frames and mountings for spectacles and goggles to Russia, comprising 62% of total imports. The second position in the ranking was taken by Italy ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-4.2% per year) and South Korea (-20.9% per year).

Import Prices by Country

In 2021, the average spectacle non-plastic frame import price amounted to $X per unit, declining by -9% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 37%. Over the period under review, average import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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 South Korea (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :