South-Eastern Asia: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in South-Eastern Asia

The Southeast Asian spectacle non-plastic frame market totaled $X in 2021, flattening at the previous year. Overall, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Spectacle Non-Plastic Frame Production in South-Eastern Asia

In value terms, spectacle non-plastic frame production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, saw a pronounced downturn. The growth pace was the most rapid in 2019 with an increase of 34% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Spectacle Non-Plastic Frame Exports

Exports in South-Eastern Asia

In 2021, shipments abroad of non-plastic frames and mountings for spectacles and goggles decreased by -13.1% to X units, falling for the fourth year in a row after two years of growth. Overall, exports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2013 with an increase of 26% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, spectacle non-plastic frame exports dropped notably to $X in 2021. In general, exports saw a mild contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 22%. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Thailand (X units) was the major exporter of non-plastic frames and mountings for spectacles and goggles, making up 52% of total exports. It was distantly followed by the Philippines (X units), Malaysia (X units) and Singapore (X units), together committing a 43% share of total exports. Vietnam (X units) took a little share of total exports.

Thailand experienced a relatively flat trend pattern with regard to volume of exports of non-plastic frames and mountings for spectacles and goggles. At the same time, the Philippines (+4.6%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +4.6% from 2012-2021. By contrast, Malaysia (-7.7%), Singapore (-7.7%) and Vietnam (-15.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Thailand and the Philippines increased by +12 and +11 percentage points, respectively.

In value terms, the largest spectacle non-plastic frame supplying countries in South-Eastern Asia were the Philippines ($X), Thailand ($X) and Singapore ($X), together accounting for 89% of total exports.

Thailand, with a CAGR of +1.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per unit, waning by -11.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 an increase of 43% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Philippines ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+9.4%), while the other leaders experienced more modest paces of growth.

Spectacle Non-Plastic Frame Imports

Imports in South-Eastern Asia

In 2021, purchases abroad of non-plastic frames and mountings for spectacles and goggles decreased by -6.4% to X units, falling for the second year in a row after two years of growth. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 24%. The volume of import peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, spectacle non-plastic frame imports expanded modestly to $X in 2021. Overall, imports recorded a slight curtailment. The growth pace was the most rapid in 2013 with an increase of 28% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Thailand represented the largest importing country with an import of about X units, which accounted for 50% of total imports. The Philippines (X units) ranks second in terms of the total imports with a 23% share, followed by Malaysia (11%) and Singapore (9.4%). Indonesia (X units) and Vietnam (X units) held a minor share of total imports.

Thailand experienced a relatively flat trend pattern with regard to volume of imports of non-plastic frames and mountings for spectacles and goggles. At the same time, the Philippines (+43.2%) and Indonesia (+11.6%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +43.2% from 2012-2021. Vietnam experienced a relatively flat trend pattern. By contrast, Singapore (-2.1%) and Malaysia (-7.9%) illustrated a downward trend over the same period. The Philippines (+22 p.p.) and Indonesia (+2.5 p.p.) significantly strengthened its position in terms of the total imports, while Singapore, Thailand and Malaysia saw its share reduced by -2.7%, -8.4% and -13% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported non-plastic frames and mountings for spectacles and goggles in South-Eastern Asia, comprising 50% of total imports. The second position in the ranking was held by Singapore ($X), with a 16% share of total imports. It was followed by Malaysia, with a 14% share.

In Thailand, spectacle non-plastic frame imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (-5.3% per year) and Malaysia (-7.0% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per unit, rising by 10% against the previous year. In general, the import price, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2014 when the import price increased by 11%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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