Spain: Spectacle Frame Market 2024

Spectacle Frame Market Size in Spain

The Spanish spectacle frame market contracted markedly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption continues to indicate a mild decline. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Spectacle Frame Production in Spain

In value terms, spectacle frame production amounted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a sharp reduction. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Spectacle Frame Exports

Exports from Spain

Spectacle frame exports from Spain soared to X units in 2022, rising by X% against the previous year. Over the period under review, exports posted resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, spectacle frame exports contracted to $X in 2022. In general, exports recorded resilient growth. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

France (X units) was the main destination for spectacle frame exports from Spain, with a X% share of total exports. Moreover, spectacle frame exports to France exceeded the volume sent to the second major destination, Italy (X units), twofold. The third position in this ranking was taken by Portugal (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Portugal (X% per year).

In value terms, France ($X) remains the key foreign market for frames and mountings for spectacles, goggles or the like exports from Spain, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the average spectacle frame export price amounted to $X per unit, dropping by X% against the previous year. In general, the export price saw a perceptible downturn. The growth pace was the most rapid in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Algeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced mixed trend patterns.

Spectacle Frame Imports

Imports into Spain

In 2022, approx. X units of frames and mountings for spectacles, goggles or the like were imported into Spain; which is down by X% against 2021. Overall, total imports indicated a measured increase from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of X units, and then contracted notably in the following year.

In value terms, spectacle frame imports contracted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

In 2022, China (X units) constituted the largest spectacle frame supplier to Spain, with a X% share of total imports. Moreover, spectacle frame imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. France (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and France (X% per year).

In value terms, the largest spectacle frame suppliers to Spain were China ($X), Italy ($X) and France ($X), together comprising X% of total imports. These countries were followed by Portugal, which accounted for a further X%.

Portugal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average spectacle frame import price amounted to $X per unit, with an increase of X% against the previous year. In general, the import price showed a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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