Bulgaria: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in Bulgaria

In 2023, the Bulgarian spectacle non-plastic frame market increased by X% to $X, rising for the third consecutive year after two years of decline. Overall, the total consumption indicated a modest increase 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, consumption increased by X% against 2020 indices. Spectacle non-plastic frame consumption peaked in 2023 and is expected to retain growth in years to come.

Spectacle Non-Plastic Frame Exports

Exports from Bulgaria

In 2023, the amount of non-plastic frames and mountings for spectacles and goggles exported from Bulgaria skyrocketed to X units, rising by X% compared with the previous year's figure. Over the period under review, exports saw a prominent increase. 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 attained the maximum at X units in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, spectacle non-plastic frame exports soared to $X in 2023. In general, exports recorded resilient growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Turkey (X units), Serbia (X units) and Greece (X units) were the main destinations of spectacle non-plastic frame exports from Bulgaria, together comprising X% of total exports.

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

In value terms, the largest markets for spectacle non-plastic frame exported from Bulgaria were Turkey ($X), Greece ($X) and Serbia ($X), together comprising X% of total exports.

Among the main countries of destination, Serbia, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average spectacle non-plastic frame export price stood at $X per unit in 2023, reducing by X% against the previous year. In general, the export price continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Moldova ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Non-Plastic Frame Imports

Imports into Bulgaria

In 2023, purchases abroad of non-plastic frames and mountings for spectacles and goggles increased by X% to X units, rising for the third consecutive year after two years of decline. Over the period under review, imports continue to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked in 2023 and are expected to retain growth in the immediate term.

In value terms, spectacle non-plastic frame imports rose remarkably to $X in 2023. In general, total imports indicated a notable increase 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 growth pace was the most rapid in 2021 when imports increased by 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.

Imports by Country

China (X units), Austria (X units) and Italy (X units) were the main suppliers of spectacle non-plastic frame imports to Bulgaria, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and Germany ($X) constituted the largest spectacle non-plastic frame suppliers to Bulgaria, together accounting for X% of total imports. Austria, Poland, France and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Austria, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spectacle non-plastic frame import price stood at $X per unit in 2023, shrinking by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Austria ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform