Report Update: May 1, 2024

Singapore - Plastic Frames And Mountings For Spectacles And Goggles - Market Analysis, Forecast, Size, Trends And Insights

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Spectacle Plastic Frame Price in Singapore - 2022

Spectacle Plastic Frame Price in Singapore (CIF) - 2022

The average spectacle plastic frame import price stood at $24 per unit in 2022, dropping by -4.6% against the previous year. In general, the import price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 64%. The import price peaked at $25 per unit in 2021, and then reduced modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($115 per unit), while the price for Taiwan (Chinese) ($3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+33.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Spectacle Plastic Frame Price in Singapore (FOB) - 2022

In September 2022, the average spectacle plastic frame export price amounted to $53.7 per unit, which is down by -2.2% against the previous month. Over the period under review, the export price saw a slight setback. The pace of growth was the most pronounced in February 2022 when the average export price increased by 366% m-o-m. The export price peaked at $102 per unit in July 2022; however, from August 2022 to September 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In September 2022, the country with the highest price was China ($113 per unit), while the average price for exports to Indonesia ($19.5 per unit) was amongst the lowest.

From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+58.6%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Plastic Frame Imports in Singapore

In 2022, spectacle plastic frame imports into Singapore fell remarkably to 379K units, waning by -24.3% on 2021 figures. Over the period under review, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 78%. Over the period under review, imports reached the peak figure at 538K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, spectacle plastic frame imports declined markedly to $9M in 2022. In general, imports showed a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 126% against the previous year. As a result, imports reached the peak of $12M, and then contracted sharply in the following year.

Import of Spectacle Plastic Frame in Singapore (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	5.5	1.8	6.1	4.0	-10.1%
Italy	1.5	0.7	1.4	0.9	-15.7%
United Kingdom	0.3	1.3	1.1	0.8	38.7%
Hong Kong SAR	1.9	0.6	0.1	0.6	-31.9%
South Korea	0.4	0.3	0.7	0.5	7.7%
Taiwan (Chinese)	0.1	N/A	N/A	N/A	0%
Others	2.4	0.8	2.9	2.1	-4.4%
Total	12.2	5.5	12.4	9.0	-9.6%

Top Suppliers of Spectacle Plastic Frame to Singapore in 2022:

China (207.8K units)
Hong Kong SAR (50.4K units)
South Korea (43.9K units)
United Kingdom (25.6K units)
Italy (14.6K units)
Taiwan (Chinese) (10.2K units)

Spectacle Plastic Frame Exports in Singapore

In 2022, the amount of plastic frames and mountings for spectacles and goggles exported from Singapore surged to 113K units, growing by 88% on 2021 figures. In general, exports recorded a buoyant expansion. The exports peaked at 171K units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, spectacle plastic frame exports soared to $3.4M in 2022. Over the period under review, exports posted strong growth. The growth pace was the most rapid in 2020 with an increase of 168% against the previous year. As a result, the exports attained the peak of $5.3M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Spectacle Plastic Frame in Singapore (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Hong Kong SAR	623	2,743	541	1,377	30.3%
Indonesia	363	446	377	651	21.5%
Philippines	330	740	2.3	380	4.8%
Malaysia	88.2	580	121	271	45.4%
United States	123	90.8	78.1	136	3.4%
Italy	27.4	199	62.3	108	58.0%
Canada	102	8.1	51.6	89.1	-4.4%
Bhutan	8.5	N/A	N/A	N/A	0%
Others	295	445	228	344	5.3%
Total	1,960	5,251	1,461	3,356	19.6%

Top Export Markets for Spectacle Plastic Frame from Singapore in 2022:

Indonesia (46.4K units)
Philippines (22.9K units)
Malaysia (15.6K units)
United States (9.8K units)
Hong Kong SAR (4.2K units)
Canada (4.1K units)
Italy (2.5K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the spectacle plastic frame market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32504350 - Plastic frames and mountings for spectacles, goggles or the like

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023