CIS: Spectacle Frame Market 2024

Spectacle Frame Market Size in CIS

The CIS spectacle frame market soared to $X in 2023, picking up by X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Spectacle Frame Production in CIS

In value terms, spectacle frame production rose modestly to $X in 2023 estimated in export price. The total production indicated a noticeable 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, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Spectacle Frame Exports

Exports in CIS

In 2023, approx. X units of frames and mountings for spectacles, goggles or the like were exported in the CIS; with an increase of X% against the previous year. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2022 when exports increased by X%. The volume of export peaked in 2023 and is likely to continue growth in years to come.

In value terms, spectacle frame exports soared to $X in 2023. Overall, exports showed prominent growth. The growth pace was the most rapid in 2018 with an increase of X%. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Exports by Country

Armenia dominates exports structure, resulting at X units, which was near X% of total exports in 2023. It was distantly followed by Russia (X units), making up a X% share of total exports.

Armenia was also the fastest-growing in terms of the frames and mountings for spectacles, goggles or the like exports, with a CAGR of X.5% from 2012 to 2023. Russia (X%) illustrated a downward trend over the same period. While the share of Armenia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Russia (X p.p.) displayed negative dynamics.

In value terms, Armenia ($X) remains the largest spectacle frame supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Armenia totaled X.1%.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2023, rising by X% against the previous year. Overall, the export price, however, showed a deep slump. The growth pace was the most rapid in 2019 an increase of X%. The level of export peaked 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 amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Russia ($X per unit), while Armenia stood at $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%).

Spectacle Frame Imports

Imports in CIS

In 2023, approx. X units of frames and mountings for spectacles, goggles or the like were imported in the CIS; jumping by X% on the year before. In general, imports, however, recorded a pronounced downturn. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, spectacle frame imports rose to $X in 2023. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Russia dominates imports structure, resulting at X units, which was approx. X% of total imports in 2023. It was distantly followed by Azerbaijan (X units), comprising an X% share of total imports. Belarus (X units), Armenia (X units) and Moldova (X units) followed a long way behind the leaders.

Imports into Russia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Azerbaijan (X%) and Armenia (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2023. Moldova experienced a relatively flat trend pattern. By contrast, Belarus (X%) illustrated a downward trend over the same period. While the share of Azerbaijan (X p.p.) and Armenia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Belarus (X p.p.) and Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported frames and mountings for spectacles, goggles or the like in the CIS, comprising X% of total imports. The second position in the ranking was held by Armenia ($X), with an X% share of total imports. It was followed by Belarus, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Russia stood at X%. In the other countries, the average annual rates were as follows: Armenia (X% per year) and Belarus (X% per year).

Import Prices by Country

In 2023, the import price in the CIS amounted to $X per unit, waning by X% against the previous year. In general, the import price, however, enjoyed a mild increase. The most prominent rate of growth was recorded in 2014 an increase of 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 remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Armenia ($X per unit), while Azerbaijan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform