Greece: Spectacle Frame Market 2024

Spectacle Frame Market Size in Greece

In 2023, the Greek spectacle frame market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, the total consumption indicated a temperate increase 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, consumption increased by X% against 2020 indices. Spectacle frame consumption peaked at $X in 2022, and then shrank in the following year.

Spectacle Frame Production in Greece

In value terms, spectacle frame production expanded remarkably to $X in 2023 estimated in export price. In general, production, however, recorded a modest increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2023, production growth failed to regain momentum.

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Spectacle Frame Exports

Exports from Greece

In 2023, exports of frames and mountings for spectacles, goggles or the like from Greece reduced to X units, which is down by X% on the previous year. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X units. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, spectacle frame exports amounted to $X in 2023. Over the period under review, total exports indicated a pronounced increase 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, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cyprus (X units) was the main destination for spectacle frame exports from Greece, accounting for a X% share of total exports. Moreover, spectacle frame exports to Cyprus exceeded the volume sent to the second major destination, Italy (X units), twofold. The third position in this ranking was held by Germany (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Cyprus stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Germany (X% per year).

In value terms, the largest markets for spectacle frame exported from Greece were Cyprus ($X), Italy ($X) and Malta ($X), together accounting for X% of total exports. Germany, France, Poland, Albania, Sweden, Hungary, South Korea, Bulgaria, the Netherlands and Tunisia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Sweden, with a CAGR of X%, recorded the highest growth rate of the value of exports, 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, growing by X% against the previous year. Overall, the export price continues to indicate a measured expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2023, the average export prices failed to regain momentum.

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

Spectacle Frame Imports

Imports into Greece

In 2023, after two years of growth, there was significant decline in supplies from abroad of frames and mountings for spectacles, goggles or the like, when their volume decreased by X% to X units. In general, total imports indicated perceptible growth from 2012 to 2023: its volume 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. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at X units in 2022, and then contracted in the following year.

In value terms, spectacle frame imports rose notably to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Italy (X units) and Hong Kong SAR (X units) were the main suppliers of spectacle frame imports to Greece, with a combined X% share of total imports. France, the Netherlands, Spain, Turkey, Germany and Bulgaria lagged somewhat behind, together comprising a further X%.

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

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

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

Import Prices by Country

In 2023, the average spectacle frame import price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2023, import prices stood at a somewhat 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 Germany ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform