Report Update Nov 1, 2024

Sri Lanka - Non-Plastic Frames and Mountings for Spectacles and Goggles - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in Sri Lanka

The Sri Lankan spectacle non-plastic frame market shrank to $X in 2021, which is down by -14.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a abrupt slump. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Spectacle Non-Plastic Frame Exports

Exports from Sri Lanka

For the third consecutive year, Sri Lanka recorded decline in overseas shipments of non-plastic frames and mountings for spectacles and goggles, which decreased by -53.2% to X units in 2021. Overall, exports faced a dramatic setback. The most prominent rate of growth was recorded in 2018 when exports increased by 213% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, spectacle non-plastic frame exports fell markedly to $X in 2021. In general, exports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by 97%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Maldives (X units) was the main destination for spectacle non-plastic frame exports from Sri Lanka, with a 92% share of total exports. Moreover, spectacle non-plastic frame exports to Maldives exceeded the volume sent to the second major destination, Guatemala (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Maldives amounted to -32.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (0.0% per year) and Seychelles (-63.9% per year).

In value terms, Maldives ($X), Guatemala ($X) and Seychelles ($X) were the largest markets for spectacle non-plastic frame exported from Sri Lanka worldwide.

Among the main countries of destination, Guatemala, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average spectacle non-plastic frame export price stood at $X per unit in 2021, surging by 78% against the previous year. Overall, the export price showed a buoyant increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 82% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Guatemala ($X per unit), while the average price for exports to Maldives ($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 Maldives (+12.2%), while the prices for the other major destinations experienced a decline.

Spectacle Non-Plastic Frame Imports

Imports into Sri Lanka

In 2021, spectacle non-plastic frame imports into Sri Lanka reduced notably to X units, with a decrease of -25% compared with 2020. Overall, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2016 when imports increased by 187%. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, spectacle non-plastic frame imports dropped to $X in 2021. Over the period under review, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2016 with an increase of 52% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Italy (X units), China (X units) and the UK (X units) were the main suppliers of spectacle non-plastic frame imports to Sri Lanka, with a combined 61% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +14.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest spectacle non-plastic frame suppliers to Sri Lanka were China ($X), Italy ($X) and Germany ($X), together comprising 62% of total imports.

In terms of the main suppliers, Italy, with a CAGR of +1.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average spectacle non-plastic frame import price stood at $X per unit in 2021, jumping by 24% against the previous year. Over the period under review, the import price saw a noticeable expansion. The pace of growth appeared the most rapid in 2017 an increase of 70%. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for Singapore ($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 (+15.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for non-plastic frames and mountings for spectacles and goggles in the world?

The countries with the highest volumes of in 2021 were South Africa, China and the United States, together comprising 56% of global consumption. Japan, Indonesia, Italy, France, South Korea and Mexico lagged somewhat behind, together comprising a further 20%.

What are the largest producers of non-plastic frames and mountings for spectacles and goggles in the world?

The country with the largest volume of spectacle non-plastic frame production was China, accounting for 48% of total volume. Moreover, spectacle non-plastic frame production in China exceeded the figures recorded by the second-largest producer, Indonesia, sixfold. Japan ranked third in terms of total production with a 7.6% share.

What are the leading suppliers of non-plastic frames and mountings for spectacles and goggles to Sri Lanka?

In value terms, China, Italy and France appeared to be the largest spectacle non-plastic frame suppliers to Sri Lanka, together accounting for 84% of total imports.

What is the average export price for non-plastic frames and mountings for spectacles and goggles in Sri Lanka?

In 2021, the average spectacle non-plastic frame export price amounted to $22 per unit, with an increase of 36% against the previous year.

What is the average import price for non-plastic frames and mountings for spectacles and goggles in Sri Lanka?

In 2021, the average spectacle non-plastic frame import price amounted to $18 per unit, increasing by 7% against the previous year.

This report provides an in-depth analysis of the spectacle non-plastic frame market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32504390 - Non-plastic frames and mountings for spectacles, goggles and the like

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023