Ecuador: Spectacle Frame Market 2024

Spectacle Frame Market Size in Ecuador

The Ecuadorian spectacle frame market soared to $X in 2023, picking up 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). In general, consumption saw a resilient expansion. Spectacle frame consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Spectacle Frame Exports

Exports from Ecuador

In 2023, approx. X units of frames and mountings for spectacles, goggles or the like were exported from Ecuador; picking up by X% compared with 2022 figures. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, spectacle frame exports stood at $X in 2023. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X units), El Salvador (X units) and Peru (X units) were the main destinations of spectacle frame exports from Ecuador, with a combined X% share 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 Colombia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spectacle frame exported from Ecuador were Colombia ($X), El Salvador ($X) and Peru ($X), with a combined X% share of total exports.

Colombia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average spectacle frame export price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price recorded a measured increase. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The export price peaked at $X per unit in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Nicaragua ($X per unit), while the average price for exports to Bolivia ($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 Colombia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Frame Imports

Imports into Ecuador

In 2023, the amount of frames and mountings for spectacles, goggles or the like imported into Ecuador skyrocketed to X units, picking up by X% against 2022 figures. Overall, imports continue to indicate a resilient increase. Over the period under review, imports attained the peak figure at X units in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, spectacle frame imports soared to $X in 2023. In general, total imports indicated noticeable growth 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 decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Panama (X units) and Italy (X units) were the main suppliers of spectacle frame imports to Ecuador, with a combined X% share of total imports. Hong Kong SAR, Spain, the United States and South Korea lagged somewhat behind, together accounting for a further X%.

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

In value terms, China ($X) constituted the largest supplier of frames and mountings for spectacles, goggles or the like to Ecuador, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2023, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Spain (X% per year).

Import Prices by Country

In 2023, the average spectacle frame import price amounted to $X per unit, shrinking by X% against the previous year. In general, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2022 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 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 China ($X per unit), while the price for Hong Kong SAR ($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 prices for the other major suppliers experienced a decline.

Source: IndexBox Platform