Uzbekistan: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in Uzbekistan

The Uzbek spectacle plastic frame market skyrocketed to $X in 2021, with an increase of 515% against the previous year. Over the period under review, consumption, however, posted a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Spectacle Plastic Frame Production in Uzbekistan

In value terms, spectacle plastic frame production shrank remarkably to $X in 2021 estimated in export price. In general, production saw a abrupt decline. The pace of growth appeared the most rapid in 2020 when the production volume increased by 62% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Spectacle Plastic Frame Exports

Exports from Uzbekistan

In 2021, the amount of plastic frames and mountings for spectacles and goggles exported from Uzbekistan shrank sharply to X units, waning by -86.6% compared with 2020 figures. Over the period under review, exports continue to indicate a dramatic setback. Over the period under review, the exports hit record highs at X units in 2020, and then shrank markedly in the following year.

In value terms, spectacle plastic frame exports reached $X in 2021. The total export value increased at an average annual rate of +1.1% from 2020 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X units) was the main destination for spectacle plastic frame exports from Uzbekistan, with a 82% share of total exports. Moreover, spectacle plastic frame exports to India exceeded the volume sent to the second major destination, Argentina (X units), fivefold.

From 2020 to 2021, the average annual growth rate of volume to India totaled -87.9%.

In value terms, India ($X) remains the key foreign market for plastic frames and mountings for spectacles and goggles exports from Uzbekistan, comprising 82% of total exports. The second position in the ranking was held by Argentina ($X), with an 18% share of total exports.

From 2020 to 2021, the average annual rate of growth in terms of value to India was relatively modest.

Export Prices by Country

The average spectacle plastic frame export price stood at $X per unit in 2021, picking up by 656% against the previous year. Over the period under review, the export price showed significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was India ($X per unit), while the average price for exports to Argentina stood at $X per unit.

From 2020 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+720.7%).

Spectacle Plastic Frame Imports

Imports into Uzbekistan

In 2021, overseas purchases of plastic frames and mountings for spectacles and goggles decreased by -93.6% to X units, falling for the third consecutive year after two years of growth. Overall, imports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2018 with an increase of 1,047%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, spectacle plastic frame imports plummeted to $X in 2021. Over the period under review, imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2018 with an increase of 863% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Vietnam (X units) was the main spectacle plastic frame supplier to Uzbekistan, accounting for a 91% share of total imports. Moreover, spectacle plastic frame imports from Vietnam exceeded the figures recorded by the second-largest supplier, Turkey (X units), more than tenfold. Italy (X units) ranked third in terms of total imports with a 1.7% share.

From 2017 to 2021, the average annual growth rate of volume from Vietnam stood at -57.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-37.1% per year) and Italy (-52.8% per year).

In value terms, Vietnam ($X) constituted the largest supplier of plastic frames and mountings for spectacles and goggles to Uzbekistan, comprising 94% of total imports. The second position in the ranking was taken by Turkey ($X), with a 2.8% share of total imports. It was followed by Italy, with a 1.2% share.

From 2017 to 2021, the average annual growth rate of value from Vietnam totaled +425.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+12.7% per year) and Italy (-57.3% per year).

Import Prices by Country

In 2021, the average spectacle plastic frame import price amounted to $X per unit, jumping by 843% against the previous year. In general, the import price recorded a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+1,144.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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