Uruguay: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in Uruguay

The Uruguayan spectacle non-plastic frame market was finally on the rise to reach $X in 2021, after eight years of decline. Over the period under review, consumption, however, continues to indicate a drastic downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Spectacle Non-Plastic Frame Exports

Exports from Uruguay

For the tenth consecutive year, Uruguay recorded growth in shipments abroad of non-plastic frames and mountings for spectacles and goggles, which increased by 21% to X units in 2021. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 409% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, spectacle non-plastic frame exports dropped to $X in 2021. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 400% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Paraguay (X units) was the main destination for spectacle non-plastic frame exports from Uruguay, with a 88% share of total exports. Moreover, spectacle non-plastic frame exports to Paraguay exceeded the volume sent to the second major destination, Chile (X units), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Paraguay stood at +84.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+82.8% per year) and Spain (+50.8% per year).

In value terms, Paraguay ($X) remains the key foreign market for non-plastic frames and mountings for spectacles and goggles exports from Uruguay, comprising 60% of total exports. The second position in the ranking was taken by Chile ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Paraguay stood at +57.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+80.8% per year) and Spain (+53.1% per year).

Export Prices by Country

The average spectacle non-plastic frame export price stood at $X per unit in 2021, waning by -28.3% against the previous year. Over the period under review, the export price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2013 when the average export price increased by 115% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Spain ($X per unit), while the average price for exports to Paraguay ($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 Spain (+1.5%), while the prices for the other major destinations experienced a decline.

Spectacle Non-Plastic Frame Imports

Imports into Uruguay

In 2021, approx. X units of non-plastic frames and mountings for spectacles and goggles were imported into Uruguay; jumping by 22% against 2020 figures. Over the period under review, imports, however, saw a pronounced slump. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, spectacle non-plastic frame imports skyrocketed to $X in 2021. In general, imports, however, showed a mild descent. Over the period under review, imports attained the maximum 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 supplier of spectacle non-plastic frame to Uruguay, with a 65% share of total imports. Moreover, spectacle non-plastic frame imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. Turkey (X units) ranked third in terms of total imports with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-10.7% per year) and Turkey (+2.8% per year).

In value terms, China ($X) constituted the largest supplier of non-plastic frames and mountings for spectacles and goggles to Uruguay, comprising 53% of total imports. The second position in the ranking was taken by Italy ($X), with a 4.8% share of total imports. It was followed by Germany, with a 3.2% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-11.7% per year) and Germany (-1.0% per year).

Import Prices by Country

In 2021, the average spectacle non-plastic frame import price amounted to $X per unit, growing by 25% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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