Bangladesh: Spectacle Frame Market 2022

Spectacle Frame Market Size in Bangladesh

After three years of decline, the Bangladeshi spectacle frame market increased by X% to $X in 2021. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Spectacle Frame Production in Bangladesh

In value terms, spectacle frame production amounted to $X in 2021 estimated in export price. Over the period under review, production showed mild growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Spectacle Frame Exports

Exports from Bangladesh

In 2021, the amount of frames and mountings for spectacles, goggles or the like exported from Bangladesh soared to X units, increasing by X% against the previous year's figure. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, spectacle frame exports reached $X in 2021. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X units), Hungary (X units) and Canada (X units) were the main destinations of spectacle frame exports from Bangladesh, with a combined X% share of total exports. The United States and the Netherlands lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Hungary ($X) and Hong Kong SAR ($X) were the largest markets for spectacle frame exported from Bangladesh worldwide, together accounting for X% of total exports. The United States and the Netherlands lagged somewhat behind, together comprising a further X Netherlands, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average spectacle frame export price stood at $X per unit in 2021, dropping by -X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Frame Imports

Imports into Bangladesh

Spectacle frame imports into Bangladesh reached X units in 2021, picking up by X% on 2020 figures. Over the period under review, imports posted mild growth. The pace of growth was the most pronounced in 2015 when imports increased by X%. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, spectacle frame imports surged to $X in 2021. In general, imports showed a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Italy (X units) and Hong Kong SAR (X units) were the main suppliers of spectacle frame imports to Bangladesh, together accounting for X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest spectacle frame suppliers to Bangladesh were China ($X), Italy ($X) and Hong Kong SAR ($X), together comprising X% of total imports.

Italy, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average spectacle frame import price amounted to $X per unit, rising by X% against the previous year. Overall, the import price recorded a strong increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :