ASEAN: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in ASEAN

In 2023, the ASEAN spectacle non-plastic frame market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2022, and then contracted in the following year.

Spectacle Non-Plastic Frame Production in ASEAN

In value terms, spectacle non-plastic frame production contracted modestly to $X in 2023 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

Spectacle Non-Plastic Frame Exports

Exports in ASEAN

In 2023, shipments abroad of non-plastic frames and mountings for spectacles and goggles was finally on the rise to reach X units after four years of decline. Over the period under review, exports, however, saw a noticeable setback. The volume of export peaked at X units in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, spectacle non-plastic frame exports contracted to $X in 2023. In general, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia (X units) and Thailand (X units) represented the major exporters of non-plastic frames and mountings for spectacles and goggles in 2023, resulting at near X% and X% of total exports, respectively. It was distantly followed by Singapore (X units), achieving a X% share of total exports. Vietnam (X units) held a minor share of total exports.

From 2012 to 2023, the biggest increases were recorded for Malaysia (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Thailand ($X) remains the largest spectacle non-plastic frame supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports. It was followed by Vietnam, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Thailand amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2023, shrinking by X% against the previous year. In general, the export price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2020; however, from 2021 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Spectacle Non-Plastic Frame Imports

Imports in ASEAN

In 2023, approx. X units of non-plastic frames and mountings for spectacles and goggles were imported in ASEAN; which is down by X% against 2022. Over the period under review, imports, however, recorded noticeable growth. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then fell dramatically in the following year.

In value terms, spectacle non-plastic frame imports dropped to $X in 2023. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2023, the Philippines (X units) was the main importer of non-plastic frames and mountings for spectacles and goggles, comprising X% of total imports. Thailand (X units) took the second position in the ranking, distantly followed by Malaysia (X units). All these countries together took approx. X% share of total imports. Singapore (X units), Indonesia (X units) and Vietnam (X units) followed a long way behind the leaders.

The Philippines was also the fastest-growing in terms of the non-plastic frames and mountings for spectacles and goggles imports, with a CAGR of X% from 2012 to 2023. At the same time, Indonesia (X%) and Vietnam (X%) displayed positive paces of growth. By contrast, Thailand (X%), Malaysia (X%) and Singapore (X%) illustrated a downward trend over the same period. The Philippines (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total imports, while Malaysia, Thailand and Singapore saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported non-plastic frames and mountings for spectacles and goggles in ASEAN, comprising X% of total imports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Thailand totaled X%. In the other countries, the average annual rates were as follows: the Philippines (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per unit, picking up by X% against the previous year. In general, the import price, however, continues to indicate a pronounced descent. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Vietnam ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform