Asia-Pacific: Spectacle Frame Market 2024

Spectacle Frame Market Size in Asia-Pacific

The Asia-Pacific spectacle frame market totaled $X in 2023, with an increase of 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 throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market failed to regain momentum.

Spectacle Frame Production in Asia-Pacific

In value terms, spectacle frame production expanded modestly to $X in 2023 estimated in export price. Over the period under review, production, however, showed a pronounced contraction. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2023, production remained at a lower figure.

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Spectacle Frame Exports

Exports in Asia-Pacific

In 2023, overseas shipments of frames and mountings for spectacles, goggles or the like decreased by X% to X units, falling for the second year in a row after three years of growth. Over the period under review, exports saw a abrupt contraction. The growth pace was the most rapid in 2015 with an increase of X%. The volume of export peaked at X units in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, spectacle frame exports dropped 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 pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then declined modestly in the following year.

Exports by Country

Hong Kong SAR (X units) and China (X units) prevails in exports structure, together comprising X% of total exports. Thailand (X units), South Korea (X units), Japan (X units) and Bangladesh (X units) followed a long way behind the leaders.

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

In value terms, China ($X), Hong Kong SAR ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2023, together comprising X% of total exports. South Korea, Thailand and Bangladesh lagged somewhat behind, together accounting for a further X%.

Bangladesh, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2023, with a decrease of X% against the previous year. In general, the export price, however, continues to indicate a strong increase. The pace of growth was the most pronounced 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 failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while Bangladesh ($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-Pacific

In 2023, approx. X units of frames and mountings for spectacles, goggles or the like were imported in Asia-Pacific; picking up by X% against the year before. Total imports indicated a temperate 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% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the near future.

In value terms, spectacle frame imports declined to $X in 2023. Total imports indicated perceptible growth from 2012 to 2023: its value 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 most prominent rate of growth was recorded in 2016 with an increase of X%. The level of import peaked at $X in 2022, and then dropped in the following year.

Imports by Country

India represented the main importer of frames and mountings for spectacles, goggles or the like in Asia-Pacific, with the volume of imports recording X units, which was near X% of total imports in 2023. Hong Kong SAR (X units) ranks second in terms of the total imports with a X% share, followed by Japan (X%) and the Philippines (X%). 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 ($X) constitutes the largest market for imported frames and mountings for spectacles, goggles or the like in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Japan ($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 totaled X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per unit, falling by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2015 to 2023, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: 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