Store → Medical Instruments → Medical And Dental Instruments → Frames And Mountings For Spectacles, Goggles Or The Like

Latest Report Update: Oct 2, 2022

Hong Kong SAR, China - Frames and Mountings for Spectacles, Goggles or the Like - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$499 Basic Edition $1995 Professional Edition

What's the difference?

Hong Kong SAR, China: Spectacle Frame Market 2022

Spectacle Frame Market Size in Hong Kong SAR, China

The Hong Kong spectacle frame market surged to $X in 2021, growing by X% against the previous year. In general, consumption enjoyed a significant expansion. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.

Spectacle Frame Production in Hong Kong SAR, China

In value terms, spectacle frame production stood at $X in 2021 estimated in export price. In general, production continues to indicate a dramatic setback. The most prominent rate of growth was recorded in 2014 with an increase of X%. Spectacle frame production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Spectacle Frame Exports

Exports from Hong Kong SAR, China

In 2021, after two years of decline, there was significant growth in shipments abroad of frames and mountings for spectacles, goggles or the like, when their volume increased by X% to X units. Overall, exports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, spectacle frame exports surged to $X in 2021. Over the period under review, exports, however, recorded a abrupt descent. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X units), the United States (X units) and the Netherlands (X units) were the main destinations of spectacle frame exports from Hong Kong SAR, together accounting for X% of total exports. These countries were followed by Germany, France, the UK, Hungary, India, Japan, China, Thailand and Australia, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Italy ($X) and the Netherlands ($X) appeared to be the largest markets for spectacle frame exported from Hong Kong SAR worldwide, together comprising X% of total exports. Germany, France, China, the UK, Japan, Australia, Hungary, Thailand and India lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, saw the highest rates of growth with regard to 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

The average spectacle frame export price stood at $X per unit in 2021, rising by X% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, spectacle frame export price increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was China ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Frame Imports

Imports into Hong Kong SAR, China

In 2021, purchases abroad of frames and mountings for spectacles, goggles or the like was finally on the rise to reach X units after two years of decline. Over the period under review, total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, spectacle frame imports skyrocketed to $X in 2021. Overall, imports enjoyed a prominent expansion. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X units) was the main spectacle frame supplier to Hong Kong SAR, with a X% share of total imports. Moreover, spectacle frame imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+X% per year) and Italy (+X% per year).

In value terms, China ($X) constituted the largest supplier of spectacle frame to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and the United States (+X% per year).

Import Prices by Country

The average spectacle frame import price stood at $X per unit in 2021, surging by X% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, spectacle frame import price decreased by -X% against 2018 indices. The growth pace was the most rapid in 2018 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably countryorigin: the country with the highest price was Italy ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Base Year	Historical Period	Forecast Period	Units
2022	2012-2022	2023-2030	US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for frames and mountings for spectacles, goggles or the like in the world?

The countries with the highest volumes of consumption in 2021 were the United States, China and Italy, together accounting for 40% of global consumption. These countries were followed by Mexico, Hong Kong SAR, France, Japan, Indonesia, Bangladesh, Russia, South Korea and the Netherlands, which together accounted for a further 31%.

What are the largest producers of frames and mountings for spectacles, goggles or the like in the world?

The country with the largest volume of spectacle frame production was China, accounting for 47% of total volume. Moreover, spectacle frame production in China exceeded the figures recorded by the second-largest producer, Italy, fourfold. The third position in this ranking was taken by Indonesia, with a 6.2% share.

What are the leading suppliers of frames and mountings for spectacles, goggles or the like to Hong Kong SAR, China?

In value terms, China constituted the largest supplier of spectacle frame to Hong Kong SAR, comprising 83% of total imports. The second position in the ranking was taken by Italy, with a 4.9% share of total imports.

What are the leading importers of frames and mountings for spectacles, goggles or the like from Hong Kong SAR, China?

In value terms, the United States, Italy and the Netherlands were the largest markets for spectacle frame exported from Hong Kong SAR worldwide, with a combined 58% share of total exports. These countries were followed by Germany, France, China, the UK, Japan, Australia, Hungary, Thailand and India, which together accounted for a further 34%.

What is the average export price for frames and mountings for spectacles, goggles or the like in Hong Kong SAR, China?

The average spectacle frame export price stood at $11 per unit in 2021, growing by 4.8% against the previous year.

What is the average import price for frames and mountings for spectacles, goggles or the like in Hong Kong SAR, China?

In 2021, the average spectacle frame import price amounted to $9.6 per unit, surging by 3.1% against the previous year.

This report provides an in-depth analysis of the spectacle frame market in Hong Kong SAR, China. 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

• Prodcom 32504390 - Non-plastic frames and mountings for spectacles, goggles and the like

Country coverage:

• Hong Kong SAR

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Trade (exports and imports) in Hong Kong SAR, China

• 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:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. 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

1.1

REPORT DESCRIPTION

1.2

RESEARCH METHODOLOGY AND AI PLATFORM

1.3

DATA-DRIVEN DECISIONS FOR YOUR BUSINESS

1.4

REPORT DESCRIPTION

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance