Report Update Apr 12, 2024

Dominican Republic - Plastic Frames and Mountings for Spectacles and Goggles - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in the Dominican Republic

In 2023, the Dominican spectacle plastic frame market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, consumption, however, saw a remarkable increase. Over the period under review, the market attained the maximum level at $X in 2022, and then fell rapidly in the following year.

Spectacle Plastic Frame Exports

Exports from the Dominican Republic

Spectacle plastic frame exports from the Dominican Republic surged to X units in 2023, increasing by X% on the previous year's figure. Overall, exports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2023, the growth of the exports failed to regain momentum.

In value terms, spectacle plastic frame exports fell rapidly to $X in 2023. In general, exports, however, faced a dramatic setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

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

From 2013 to 2023, the average annual rate of growth in terms of volume to the United States stood at X%.

In value terms, the United States ($X) remains the key foreign market for plastic frames and mountings for spectacles and goggles exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by Haiti ($X), with an X% share of total exports.

From 2013 to 2023, the average annual rate of growth in terms of value to the United States stood at X%.

Export Prices by Country

The average spectacle plastic frame export price stood at $X per unit in 2023, reducing by X% against the previous year. Over the period under review, the export price faced a abrupt curtailment. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Haiti stood at $X per unit.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%).

Spectacle Plastic Frame Imports

Imports into the Dominican Republic

In 2023, supplies from abroad of plastic frames and mountings for spectacles and goggles decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports attained the peak of X units, and then shrank notably in the following year.

In value terms, spectacle plastic frame imports plummeted to $X in 2023. Overall, imports, however, showed a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2022, and then declined rapidly in the following year.

Imports by Country

In 2023, China (X units) constituted the largest supplier of spectacle plastic frame to the Dominican Republic, accounting for a X% share of total imports. Moreover, spectacle plastic frame imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. Hong Kong SAR (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2023, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Hong Kong SAR (X% per year).

In value terms, Italy ($X), China ($X) and the United States ($X) were the largest spectacle plastic frame suppliers to the Dominican Republic, with a combined X% share of total imports. Hong Kong SAR, Turkey, Germany and the UK lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Hong Kong SAR, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2023, the average spectacle plastic frame import price amounted to $X per unit, with an increase of X% against the previous year. In general, the import price, however, continues to indicate a perceptible decline. The import price peaked at $X per unit in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

This report provides an in-depth analysis of the spectacle plastic frame market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32504350 - Plastic frames and mountings for spectacles, goggles or the like

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023