Turkey: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in Turkey

After three years of decline, the Turkish spectacle non-plastic frame market increased by 19% to $X in 2021. In general, consumption continues to indicate a noticeable decline. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Spectacle Non-Plastic Frame Production in Turkey

In value terms, spectacle non-plastic frame production reached $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 58% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Spectacle Non-Plastic Frame Exports

Exports from Turkey

In 2021, exports of non-plastic frames and mountings for spectacles and goggles from Turkey rose sharply to X units, growing by 6% on the year before. In general, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 59%. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, spectacle non-plastic frame exports soared to $X in 2021. Overall, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X units), Algeria (X units) and Israel (X units) were the main destinations of spectacle non-plastic frame exports from Turkey, together accounting for 42% of total exports.

From 2012 to 2021, the biggest increases were recorded for Algeria (with a CAGR of +60.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the key foreign market for non-plastic frames and mountings for spectacles and goggles exports from Turkey, comprising 27% of total exports. The second position in the ranking was taken by Russia ($X), with a 10% share of total exports. It was followed by Italy, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia amounted to +50.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+54.6% per year) and Italy (+3.1% per year).

Export Prices by Country

In 2021, the average spectacle non-plastic frame export price amounted to $X per unit, increasing by 24% against the previous year. Over the period under review, the export price, however, continues to indicate a deep downturn. The growth pace was the most rapid in 2015 when the average export price increased by 36%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per unit), while the average price for exports to Algeria ($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 Egypt (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Non-Plastic Frame Imports

Imports into Turkey

In 2021, purchases abroad of non-plastic frames and mountings for spectacles and goggles decreased by -21.8% to X units, falling for the fourth consecutive year after two years of growth. In general, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2016 with an increase of 41% against the previous year. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, spectacle non-plastic frame imports soared to $X in 2021. Over the period under review, imports showed a perceptible downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest spectacle non-plastic frame supplier to Turkey, with a 71% share of total imports. Moreover, spectacle non-plastic frame imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. Malaysia (X units) ranked third in terms of total imports with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.4% per year) and Malaysia (+164.8% per year).

In value terms, China ($X) constituted the largest supplier of non-plastic frames and mountings for spectacles and goggles to Turkey, comprising 60% of total imports. The second position in the ranking was held by Italy ($X), with a 22% share of total imports. It was followed by Malaysia, with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.5% per year) and Malaysia (+156.3% per year).

Import Prices by Country

The average spectacle non-plastic frame import price stood at $X per unit in 2021, jumping by 74% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for Malaysia ($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 (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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