Eastern Asia: Spectacle Frame Market 2024

Spectacle Frame Market Size in Eastern Asia

The East Asian spectacle frame market reached $X in 2023, with an increase of X% against the previous year. The total consumption indicated measured growth 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. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market failed to regain momentum.

Spectacle Frame Production in Eastern Asia

In value terms, spectacle frame production expanded slightly to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2023, production failed to regain momentum.

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Spectacle Frame Exports

Exports in Eastern Asia

In 2023, shipments abroad of frames and mountings for spectacles, goggles or the like decreased by X% to X units, falling for the second consecutive year after three years of growth. Overall, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, spectacle frame exports shrank to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then reduced in the following year.

Exports by Country

Hong Kong SAR (X units) and China (X units) dominates exports structure, together comprising X% of total exports. South Korea (X units) and Japan (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Japan (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, China ($X), Hong Kong SAR ($X) and Japan ($X) were the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per unit, dropping by X% against the previous year. Overall, the export price, however, showed buoyant growth. The pace of growth was the most pronounced in 2018 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

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

Spectacle Frame Imports

Imports in Eastern Asia

In 2023, spectacle frame imports in Eastern Asia totaled X units, with an increase of X% on the year before. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, spectacle frame imports totaled $X in 2023. Total imports indicated prominent growth 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, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2021; afterwards, it flattened through to 2023.

Imports by Country

Hong Kong SAR represented the major importing country with an import of about X units, which finished at X% of total imports. It was distantly followed by Japan (X units), committing a X% share of total imports. The following importers - China (X units) and South Korea (X units) - each finished at a X% share of total imports.

Hong Kong SAR experienced a relatively flat trend pattern with regard to volume of imports of frames and mountings for spectacles, goggles or the like. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2023. Japan experienced a relatively flat trend pattern. By contrast, China (X%) illustrated a downward trend over the same period. Japan (X p.p.) significantly strengthened its position in terms of the total imports, while China saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported frames and mountings for spectacles, goggles or the like in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Hong Kong SAR stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and China (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2023, leveling off at the previous year. Import price indicated prominent growth from 2012 to 2023: its price 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, spectacle frame import price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was China ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform