Scandinavia: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in Scandinavia

The Scandinavia spectacle plastic frame market soared to $X in 2021, rising by 41% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Spectacle Plastic Frame Production in Scandinavia

In value terms, spectacle plastic frame production skyrocketed to $X in 2021 estimated in export price. Overall, production showed a strong expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 117%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Spectacle Plastic Frame Exports

Exports in Scandinavia

In 2021, the amount of plastic frames and mountings for spectacles and goggles exported in Scandinavia surged to X units, increasing by 53% compared with the year before. Overall, exports continue to indicate a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, spectacle plastic frame exports skyrocketed to $X in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +10.1% 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 70% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the near future.

Exports by Country

Denmark represented the main exporter of plastic frames and mountings for spectacles and goggles in Scandinavia, with the volume of exports recording X units, which was near 82% of total exports in 2021. Sweden (X units) ranks second in terms of the total exports with a 12% share, followed by Finland (4.6%).

From 2012 to 2021, average annual rates of growth with regard to spectacle plastic frame exports from Denmark stood at +14.4%. At the same time, Finland (+14.8%) and Sweden (+3.9%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +14.8% from 2012-2021. From 2012 to 2021, the share of Denmark increased by +14 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) remains the largest spectacle plastic frame supplier in Scandinavia, comprising 82% of total exports. The second position in the ranking was held by Sweden ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Denmark amounted to +13.0%. In the other countries, the average annual rates were as follows: Sweden (+0.2% per year) and Finland (+19.8% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, shrinking by -7.3% against the previous year. Overall, the export price recorded a mild descent. The pace of growth appeared the most rapid in 2013 when the export price increased by 18% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Sweden ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+4.4%), while the other leaders experienced a decline in the export price figures.

Spectacle Plastic Frame Imports

Imports in Scandinavia

After four years of decline, purchases abroad of plastic frames and mountings for spectacles and goggles increased by 13% to X units in 2021. In general, imports, however, recorded a slight slump. The volume of import peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, spectacle plastic frame imports soared to $X in 2021. The total import value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Denmark (X units) and Sweden (X units) represented the main importers of plastic frames and mountings for spectacles and goggles in 2021, accounting for approx. 39% and 34% of total imports, respectively. Norway (X units) took the next position in the ranking, followed by Finland (X units). All these countries together took approx. 25% share of total imports. Iceland (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Iceland (with a CAGR of +10.0%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest spectacle plastic frame importing markets in Scandinavia were Denmark ($X), Sweden ($X) and Norway ($X), with a combined 80% share of total imports. Finland and Iceland lagged somewhat behind, together comprising a further 20%.

Among the main importing countries, Iceland, with a CAGR of +9.8%, saw the highest rates of growth with regard to 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 import price in Scandinavia amounted to $X per unit, surging by 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. As a result, import 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 Finland ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+8.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform