Slovakia: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in Slovakia

In 2021, the Slovak spectacle non-plastic frame market increased by 18% to $X, rising for the fourth consecutive year after two years of decline. In general, consumption, however, continues to indicate a abrupt slump. Spectacle non-plastic frame consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Spectacle Non-Plastic Frame Exports

Exports from Slovakia

In 2021, shipments abroad of non-plastic frames and mountings for spectacles and goggles decreased by -27.4% to X units, falling for the fourth year in a row after three years of growth. Overall, exports showed a precipitous curtailment. The pace of growth was the most pronounced in 2013 when exports increased by 161%. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, spectacle non-plastic frame exports surged to $X in 2021. In general, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by 166% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Czech Republic (X units) was the main destination for spectacle non-plastic frame exports from Slovakia, accounting for a 65% share of total exports. Moreover, spectacle non-plastic frame exports to the Czech Republic exceeded the volume sent to the second major destination, Niger (X units), fourfold. The third position in this ranking was taken by Togo (X units), with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic totaled -22.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (+8.8% per year) and Togo (-18.6% per year).

In value terms, the Czech Republic ($X) emerged as the key foreign market for non-plastic frames and mountings for spectacles and goggles exports from Slovakia, comprising 85% of total exports. The second position in the ranking was taken by Iceland ($X), with a 5.3% share of total exports. It was followed by Niger, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value to the Czech Republic totaled -16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (-0.2% per year) and Niger (+0.4% per year).

Export Prices by Country

In 2021, the average spectacle non-plastic frame export price amounted to $X per unit, picking up by 250% against the previous year. Over the period under review, the export price enjoyed prominent growth. As a result, the export price reached 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 Czech Republic ($X per unit), while the average price for exports to Togo ($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 Romania (+196.1%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Non-Plastic Frame Imports

Imports into Slovakia

Spectacle non-plastic frame imports into Slovakia rose significantly to X units in 2021, with an increase of 9.9% against the previous year's figure. Over the period under review, imports, however, continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2013 when imports increased by 64% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, spectacle non-plastic frame imports soared to $X in 2021. In general, imports, however, continue to indicate a abrupt decline. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The Czech Republic (X units), Italy (X units) and China (X units) were the main suppliers of spectacle non-plastic frame imports to Slovakia, with a combined 91% share of total imports. Hungary and Thailand lagged somewhat behind, together comprising a further 6.3%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +130.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spectacle non-plastic frame suppliers to Slovakia were Italy ($X), the Czech Republic ($X) and China ($X), with a combined 87% share of total imports. These countries were followed by Hungary and Thailand, which together accounted for a further 11%.

Among the main suppliers, Thailand, with a CAGR of +105.6%, recorded 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 average spectacle non-plastic frame import price amounted to $X per unit, with an increase of 13% against the previous year. Over the period under review, the import price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 an increase of 25% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Hungary ($X per unit), while the price for the Czech Republic ($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 (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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