Asia: Spectacle Frame Market 2024

Spectacle Frame Market Size in Asia

The Asian spectacle frame market totaled $X in 2023, growing by X% against the previous year. 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. The level of consumption peaked at $X in 2019; afterwards, it flattened through to 2023.

Spectacle Frame Production in Asia

In value terms, spectacle frame production rose to $X in 2023 estimated in export price. Overall, production, however, saw a mild descent. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2023, production stood at a somewhat lower figure.

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Spectacle Frame Exports

Exports in Asia

In 2023, overseas shipments of frames and mountings for spectacles, goggles or the like decreased by X% to X units, falling for the second consecutive year after three years of growth. In general, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, spectacle frame exports fell slightly to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2022, and then reduced modestly in the following year.

Exports by Country

Hong Kong SAR (X units) and China (X units) dominates exports structure, together achieving X% of total exports. Thailand (X units), South Korea (X units), Japan (X units), Armenia (X units) and Bangladesh (X units) held a little share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Armenia (with a CAGR of X.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest spectacle frame supplying countries in Asia were China ($X), Hong Kong SAR ($X) and Japan ($X), with a combined X% share of total exports. South Korea, Thailand, Bangladesh and Armenia lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Armenia, with a CAGR of X.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Asia amounted to $X per unit, which is down by X% against the previous year. In general, the export price, however, showed strong growth. The growth pace was the most rapid in 2018 when the export price increased by X%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

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 Japan ($X per unit), while Armenia ($X per unit) was amongst the lowest.

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

Spectacle Frame Imports

Imports in Asia

In 2023, approx. X units of frames and mountings for spectacles, goggles or the like were imported in Asia; growing by X% compared with the previous year. Total imports indicated a perceptible increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of import peaked in 2023 and is likely to continue growth in the immediate term.

In value terms, spectacle frame imports reached $X in 2023. Total imports indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in the near future.

Imports by Country

In 2023, India (X units) represented the major importer of frames and mountings for spectacles, goggles or the like, committing X% of total imports. It was distantly followed by Hong Kong SAR (X units), Japan (X units) and the Philippines (X units), together constituting a X% share of total imports. Thailand (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for the Philippines (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported frames and mountings for spectacles, goggles or the like in Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Hong Kong SAR stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2023, the import price in Asia amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2023, the import prices failed to regain momentum.

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 Thailand ($X per unit), while India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform