Southern Asia: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in Southern Asia

The South Asian spectacle non-plastic frame market skyrocketed to $X in 2021, growing by 22% against the previous year. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Spectacle Non-Plastic Frame Production in Southern 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, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 32% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Spectacle Non-Plastic Frame Exports

Exports in Southern Asia

In 2021, approx. X units of non-plastic frames and mountings for spectacles and goggles were exported in Southern Asia; with an increase of 21% against the previous year's figure. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2016 with an increase of 90% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, spectacle non-plastic frame exports soared to $X in 2021. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 124% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Exports by Country

Bangladesh (X units) and India (X units) represented roughly 99.9% of total exports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Bangladesh (with a CAGR of +34.0%).

In value terms, Bangladesh ($X) remains the largest spectacle non-plastic frame supplier in Southern Asia, comprising 77% of total exports. The second position in the ranking was taken by India ($X), with a 23% share of total exports.

In Bangladesh, spectacle non-plastic frame exports expanded at an average annual rate of +40.2% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2021, growing by 2.6% against the previous year. Export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, spectacle non-plastic frame export price increased by +102.7% against 2014 indices. The pace of growth appeared the most rapid in 2013 an increase of 69%. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Bangladesh ($X per unit), while India stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+4.6%).

Spectacle Non-Plastic Frame Imports

Imports in Southern Asia

In 2021, the amount of non-plastic frames and mountings for spectacles and goggles imported in Southern Asia surged to X units, rising by 65% against the year before. Over the period under review, imports posted a prominent increase. 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 surged to $X in 2021. Total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India prevails in imports structure, accounting for X units, which was approx. 95% of total imports in 2021. It was distantly followed by Pakistan (X units), creating a 4.7% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to spectacle non-plastic frame imports into India stood at +10.9%. At the same time, Pakistan (+41.6%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +41.6% from 2012-2021. From 2012 to 2021, the share of Pakistan increased by +4.2 percentage points.

In value terms, India ($X) constitutes the largest market for imported non-plastic frames and mountings for spectacles and goggles in Southern Asia, comprising 94% of total imports. The second position in the ranking was held by Pakistan ($X), with a 4% share of total imports.

In India, spectacle non-plastic frame imports increased at an average annual rate of +5.6% over the period from 2012-2021.

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2021, approximately mirroring the previous year. Over the period under review, the import price showed a deep setback. The most prominent rate of growth was recorded in 2013 when the import price increased by 11%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was India ($X per unit), while Pakistan stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-4.8%).

Source: IndexBox Platform

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