Dominican Republic: Spectacle Non-Plastic Frame Market 2022

Spectacle Non-Plastic Frame Market Size in the Dominican Republic

The Dominican spectacle non-plastic frame market skyrocketed to $X in 2021, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Spectacle Non-Plastic Frame Exports

Exports from the Dominican Republic

In 2021, approx. less than X units of non-plastic frames and mountings for spectacles and goggles were exported from the Dominican Republic; which is down by X% on 2020 figures. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by X%. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, spectacle non-plastic frame exports declined significantly to $X in 2021. Overall, exports recorded a dramatic curtailment. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for spectacle non-plastic frame exports from the Dominican Republic, with a X% share of total exports. Moreover, spectacle non-plastic frame exports to the United States exceeded the volume sent to the second major destination, Haiti (X units), more than tenfold.

From 2012 to 2020, the average annual rate of growth in terms of volume to the United States amounted to +X%.

In value terms, the United States ($X) remains the key foreign market for spectacle non-plastic frame exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by Haiti ($X), with a X% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of value to the United States stood at +X%.

Export Prices by Country

The average spectacle non-plastic frame export price stood at $X per unit in 2020, waning by -X% against the previous year. Overall, the export price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2019 an increase of X%. As a result, the export price reached the peak level of $X per unit, and then declined remarkably in the following year.

Average prices varied somewhat for the major export markets. In 2020, the country with the highest price was Haiti ($X per unit), while the average price for exports to the United States stood at $X per unit.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (-X%).

Spectacle Non-Plastic Frame Imports

Imports into the Dominican Republic

In 2021, imports of non-plastic frames and mountings for spectacles and goggles into the Dominican Republic skyrocketed to X units, jumping by X% against the previous year's figure. Over the period under review, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, spectacle non-plastic frame imports skyrocketed to $X in 2021. In general, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest spectacle non-plastic frame supplier to the Dominican Republic, with a X% share of total imports. Moreover, spectacle non-plastic frame imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold. The third position in this ranking was held by France (X units), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and France (+X% per year).

In value terms, China ($X) constituted the largest supplier of spectacle non-plastic frame to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and France (+X% per year).

Import Prices by Country

In 2021, the average spectacle non-plastic frame import price amounted to $X per unit, increasing by X% against the previous year. In general, the import price, however, continues to indicate a mild contraction. The growth pace was the most rapid in 2020 an increase of X%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Austria ($X per unit) and France ($X per unit), while the price for China ($X per unit) and Italy ($X per unit) were amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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