Global Spectacle Frame Market 2024

Spectacle Frame Market Size

The global spectacle frame market totaled $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Global consumption peaked at $X in 2019; afterwards, it flattened through to 2022.

Spectacle Frame Production

In value terms, spectacle frame production rose rapidly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Global production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Spectacle Frame Exports

Exports

In 2022, shipments abroad of frames and mountings for spectacles, goggles or the like increased by X% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the global exports attained the peak figure at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, spectacle frame exports rose modestly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, China (X units) represented the key exporter of frames and mountings for spectacles, goggles or the like, comprising X% of total exports. Hong Kong SAR (X units) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Italy (X%). The United States (X units), France (X units) and the Netherlands (X units) took a little share of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2022. At the same time, the Netherlands (X%), Italy (X%), France (X%) and the United States (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of Italy (X p.p.) and the Netherlands (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Hong Kong SAR (X p.p.) and China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest spectacle frame supplying countries worldwide were China ($X), Italy ($X) and Hong Kong SAR ($X), with a combined X% share of global exports. The United States, the Netherlands and France lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average spectacle frame export price amounted to $X per unit, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. The global export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other global leaders experienced mixed trends in the export price figures.

Spectacle Frame Imports

Imports

In 2022, overseas purchases of frames and mountings for spectacles, goggles or the like increased by X% to X units, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, global imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, spectacle frame imports reached $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The United States (X units) and India (X units) were the largest importers of frames and mountings for spectacles, goggles or the like in 2022, recording near X% and X% of total imports, respectively. It was followed by Hong Kong SAR (X units), Italy (X units) and Mexico (X units), together generating a X% share of total imports. The following importers - France (X units), Japan (X units), the Netherlands (X units), Russia (X units), Germany (X units), the Philippines (X units), Thailand (X units) and Spain (X units) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest spectacle frame importing markets worldwide were the United States ($X), Hong Kong SAR ($X) and Italy ($X), with a combined X% share of global imports. France, Germany, Japan, the Netherlands, Spain, Thailand, India, Mexico, Russia and the Philippines lagged somewhat behind, together comprising a further X%.

The Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average spectacle frame import price stood at $X per unit in 2022, waning by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :