Which Country Exports the Most Spectacle Frames in the World?
Medical And Dental Instruments May 28, 2018
IndexBox has just published a new report "World: Frames And Mountings For Spectacles, Goggles Or The Like - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.
In 2016, the amount of spectacle frame imported worldwide amounted to 76K tonnes, reducing by -2.3% against the previous year figure. In general, spectacle frame imports continue to indicate a drastic decrease. The growth pace was the most rapid in 2016, when imports increased by -2.3% against the previous year level. Global spectacle frame import peaked of 148K tonnes in 2007- however, from 2008 to 2016, it failed to regain its strength.
In value terms, spectacle frame imports totaled $5.8B in 2016. The total import value increased at an average annual rate of +2.8% over the period from 2007 to 2016- however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. Global spectacle frame import peaked of $6.1B in 2014- however, from 2015 to 2016, it stood at a somewhat lower level.
Top Spectacle Frame Importing Countries in the World
1. USA (1,110.3 million USD)
2. Italy (583.6 million USD)
3. France (443.1 million USD)
4. China, Hong Kong SAR (366.1 million USD)
5. United Kingdom (290.0 million USD)
6. Netherlands (206.9 million USD)
7. China (199.0 million USD)
8. Spain (130.9 million USD)
9. Czech Republic (79.6 million USD)
10. South Korea (68.7 million USD)
Spectacle Frame Imports By Country
In 2016, Czech Republic (22K tonnes), distantly followed by China (11K tonnes), China, Hong Kong SAR (8.1K tonnes), South Korea (5.9K tonnes), Spain (3.9K tonnes), and the U.S. (3.7K tonnes) were the key importers of spectacle frame, together achieving 72% of total imports. Italy (3K tonnes), France (1.6K tonnes), the Netherlands (1.4K tonnes), and the UK (1.4K tonnes) followed a long way behind this figure.
From 2007 to 2016, average annual rates of growth with regard to spectacle frame imports into Czech Republic stood at -14.3%. At the same time, the Netherlands (+17.8%), and Spain (+1.3%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest growing importer/exporter in the world, with a CAGR of +17.8% from 2007-2016. South Korea, France, and the U.S. experienced a relatively flat trend pattern. By contrast, China, Hong Kong SAR (-1.4%), the UK (-2.4%), China (-3.2%), and Italy (-4.3%) illustrated a downward trend over the same period. Czech Republic (88%), China (5%), and Italy (2%) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the U.S. ($1.1B), Italy ($584M) and France ($443M) appeared as the countries with the highest levels of imports in 2016, together comprising 37% of global imports.China, Hong Kong SAR, the UK, the Netherlands, China, Spain, Czech Republic and South Korea lagged somewhat behind, together comprising a further 23%.
China (+14.5% per year) had the highest rates of growth with regard to the spectacle frame imports, among the main importing countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.
Spectacle Frame Import Prices By Country
The average spectacle frame import price stood at $76 per kg in 2016, picking up by 3% against the previous year. In general, spectacle frame import price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2011, when import increased by 20% from the previous year level. Global spectacle frame import peaked in 2016, and is likely to see steady growth in the near future.
There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was the U.S. ($297 per kg), while Czech Republic ($3,566 per tonne) was among the lowest.
From 2007 to 2016, the most notable growth rate of spectacle frame import prices was attained by Czech Republic (+26.8% per year), while the other global leaders experienced more modest paces of growth.
Do you want to know more about global spectacle frame market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- spectacle frame market share
- spectacle frame prices
- spectacle frame industry
- spectacle frame sales
- spectacle frame import
- spectacle frame export
- spectacle frame market forecast
- spectacle frame price forecast
- key spectacle frame producers
All data provided in this article covers the following product: HS Code 9003 - Frames and mountings- for spectacles, goggles or the like, and parts.
