Southern Asia: Spectacle Frame Market 2024

Spectacle Frame Market Size in Southern Asia

The South Asian spectacle frame market soared to $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, showed a slight decline. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Spectacle Frame Production in Southern Asia

In value terms, spectacle frame production declined to $X in 2022 estimated in export price. Overall, production saw a abrupt setback. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Spectacle Frame Exports

Exports in Southern Asia

In 2022, the amount of frames and mountings for spectacles, goggles or the like exported in Southern Asia dropped to X units, which is down by X% on 2021 figures. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2021, and then shrank in the following year.

In value terms, spectacle frame exports dropped significantly to $X in 2022. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then declined significantly in the following year.

Exports by Country

Bangladesh was the main exporting country with an export of around X units, which recorded X% of total exports. It was distantly followed by India (X units), committing an X% share of total exports.

Bangladesh was also the fastest-growing in terms of the frames and mountings for spectacles, goggles or the like exports, with a CAGR of X% from 2012 to 2022. At the same time, India (X%) displayed positive paces of growth. From 2012 to 2022, the share of Bangladesh increased by X percentage points.

In value terms, Bangladesh ($X) remains the largest spectacle frame supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports.

In Bangladesh, spectacle frame exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, approximately reflecting the previous year. Export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spectacle frame export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per unit), while India stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%).

Spectacle Frame Imports

Imports in Southern Asia

Spectacle frame imports soared to X units in 2022, with an increase of X% on 2021 figures. In general, imports posted a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, spectacle frame imports skyrocketed to $X in 2022. Over the period under review, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

India dominates imports structure, recording X units, which was near X% of total imports in 2022. Pakistan (X units) took a minor share of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Pakistan (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported frames and mountings for spectacles, goggles or the like in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total imports.

In India, spectacle frame imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the import price saw a pronounced curtailment. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Pakistan ($X per unit), while India stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%).

Source: IndexBox Platform

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