Spain: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in Spain

In 2021, after three years of decline, there was significant growth in the Spanish spectacle plastic frame market, when its value increased by 31% to $X. Over the period under review, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -25.0% against 2017 indices. Spectacle plastic frame consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Spectacle Plastic Frame Exports

Exports from Spain

In 2021, approx. X units of plastic frames and mountings for spectacles and goggles were exported from Spain; jumping by 91% against 2020 figures. Overall, exports showed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, spectacle plastic frame exports soared to $X in 2021. Over the period under review, exports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 33% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

France (X units), Portugal (X units) and Italy (X units) were the main destinations of spectacle plastic frame exports from Spain, together comprising 50% of total exports. Germany, Canada, the United States, Mexico, Andorra, Israel, the Netherlands, Peru, Algeria and Belgium lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +124.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for plastic frames and mountings for spectacles and goggles exports from Spain, comprising 31% of total exports. The second position in the ranking was taken by Italy ($X), with a 15% share of total exports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to France amounted to +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+14.2% per year) and Germany (+7.6% per year).

Export Prices by Country

The average spectacle plastic frame export price stood at $X per unit in 2021, shrinking by -36.1% against the previous year. Overall, the export price saw a perceptible curtailment. The most prominent rate of growth was recorded in 2015 an increase of 8.1%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+10.0%), while the prices for the other major destinations experienced a decline.

Spectacle Plastic Frame Imports

Imports into Spain

In 2021, purchases abroad of plastic frames and mountings for spectacles and goggles increased by 58% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 65%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, spectacle plastic frame imports skyrocketed to $X in 2021. Overall, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X units), China (X units) and France (X units) were the main suppliers of spectacle plastic frame imports to Spain, with a combined 94% share of total imports. Portugal lagged somewhat behind, comprising a further 1.8%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +46.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spectacle plastic frame suppliers to Spain were Italy ($X), China ($X) and France ($X), with a combined 90% share of total imports. Portugal lagged somewhat behind, comprising a further 2%.

Portugal, with a CAGR of +33.1%, recorded the highest growth rate of 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 2021, the average spectacle plastic frame import price amounted to $X per unit, reducing by -3.5% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 22% against the previous year. The import price peaked at $X per unit in 2020, and then dropped modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for France ($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 (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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