EU: Spectacle Non-Plastic Frame Market 2023

Spectacle Non-Plastic Frame Market Size in the EU

The EU spectacle non-plastic frame market soared to $X in 2021, growing by 21% against the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Spectacle Non-Plastic Frame Production in the EU

In value terms, spectacle non-plastic frame production expanded remarkably to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 26% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Spectacle Non-Plastic Frame Exports

Exports in the EU

In 2021, approx. X units of non-plastic frames and mountings for spectacles and goggles were exported in the European Union; rising by 43% compared with 2020. Total exports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +75.9% against 2014 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, spectacle non-plastic frame exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Italy (X units) was the major exporter of non-plastic frames and mountings for spectacles and goggles, committing 54% of total exports. France (X units) took a 13% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (13%). Germany (X units), Sweden (X units), Denmark (X units) and Spain (X units) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to spectacle non-plastic frame exports from Italy stood at +6.5%. At the same time, the Netherlands (+29.9%), Sweden (+12.9%), Spain (+11.6%), France (+5.6%) and Denmark (+3.5%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +29.9% from 2012-2021. By contrast, Germany (-10.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands and Italy increased by +11 and +6.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest spectacle non-plastic frame supplier in the European Union, comprising 47% of total exports. The second position in the ranking was taken by Germany ($X), with an 11% share of total exports. It was followed by France, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Italy amounted to +4.0%. In the other countries, the average annual rates were as follows: Germany (-2.7% per year) and France (-5.9% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2021, which is down by -5.2% against the previous year. Over the period under review, the export price saw a pronounced reduction. The most prominent rate of growth was recorded in 2018 an increase of 13%. Over the period under review, the export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Denmark ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.3%), while the other leaders experienced more modest paces of growth.

Spectacle Non-Plastic Frame Imports

Imports in the EU

Spectacle non-plastic frame imports skyrocketed to X units in 2021, increasing by 21% against 2020. The total import volume increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, spectacle non-plastic frame imports soared to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of spectacle non-plastic frame imports in 2021 were Italy (X units), France (X units), the Netherlands (X units), Germany (X units) and Spain (X units), together recording 77% of total import. Denmark (X units), Belgium (X units), Poland (X units), Sweden (X units), Hungary (X units), Austria (X units) and Portugal (X units) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Hungary (with a CAGR of +13.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), France ($X) and Germany ($X) were the countries with the highest levels of imports in 2021, together comprising 56% of total imports. The Netherlands, Spain, Belgium, Austria, Sweden, Poland, Denmark, Hungary and Portugal lagged somewhat behind, together comprising a further 36%.

In terms of the main importing countries, Hungary, with a CAGR of +19.4%, recorded the highest growth rate of 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

The import price in the European Union stood at $X per unit in 2021, rising by 3.4% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 17% against the previous year. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Austria ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+11.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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