Turkey: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in Turkey

The Turkish spectacle plastic frame market fell to $X in 2021, with a decrease of -8% against the previous year. In general, consumption, however, enjoyed a strong increase. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Spectacle Plastic Frame Production in Turkey

In value terms, spectacle plastic frame production fell to $X in 2021 estimated in export price. Over the period under review, production, however, posted a resilient increase. The pace of growth was the most pronounced in 2016 when the production volume increased by 108% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then shrank in the following year.

Spectacle Plastic Frame Exports

Exports from Turkey

In 2021, the amount of plastic frames and mountings for spectacles and goggles exported from Turkey surged to X units, picking up by 42% compared with 2020. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2013 when exports increased by 92% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, spectacle plastic frame exports surged to $X in 2021. Overall, exports recorded buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of 68%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Israel (X units), Iraq (X units) and Argentina (X units) were the main destinations of spectacle plastic frame exports from Turkey, with a combined 36% share of total exports. Romania, Iran, Tunisia, Algeria, Russia, Saudi Arabia, Morocco, Ukraine, Egypt and Jordan lagged somewhat behind, together comprising a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +126.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spectacle plastic frame exported from Turkey were Israel ($X), Argentina ($X) and Russia ($X), with a combined 30% share of total exports.

Russia, with a CAGR of +142.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average spectacle plastic frame export price amounted to $X per unit, reducing by -11.7% against the previous year. Over the period under review, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2020 when the average export price decreased by less than 0.1%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Russia ($X per unit), while the average price for exports to Algeria ($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 Russia (+7.3%), while the prices for the other major destinations experienced a decline.

Spectacle Plastic Frame Imports

Imports into Turkey

In 2021, overseas purchases of plastic frames and mountings for spectacles and goggles increased by 48% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 50% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, spectacle plastic frame imports surged to $X in 2021. Overall, imports recorded slight growth. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of spectacle plastic frame to Turkey, accounting for a 63% share of total imports. Moreover, spectacle plastic frame imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The third position in this ranking was taken by Brazil (X units), with a 1.6% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.3% per year) and Brazil (+418.0% per year).

In value terms, the largest spectacle plastic frame suppliers to Turkey were China ($X), Italy ($X) and Austria ($X), together comprising 89% of total imports. These countries were followed by Brazil, which accounted for a further 2.1%.

Brazil, with a CAGR of +470.2%, 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, growing by 13% against the previous year. In general, the import price, however, recorded a perceptible descent. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+10.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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