Latest Report Update: Mar 1, 2021

Hungary - Frames And Mountings For Spectacles, Goggles Or The Like - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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Hungary: Spectacle Frame Market Overview 2021

Spectacle Frame Market Size in Hungary

In 2019, after four years of growth, there was significant decline in the Hungarian spectacle frame market, when its value decreased by -X% to $X. Overall, consumption recorded a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Spectacle frame consumption peaked at $X in 2018, and then dropped in the following year.

Spectacle Frame Exports

Exports from Hungary

In 2019, shipments abroad of frames and mountings for spectacles, goggles or the like increased by X% to X units, rising for the second consecutive year after two years of decline. In general, exports saw resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X units in 2015; however, from 2016 to 2019, exports remained at a lower figure.

In value terms, spectacle frame exports shrank slightly to $X in 2019. Over the period under review, exports showed a prominent increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2018, and then fell slightly in the following year.

Exports by Country

Denmark (X units) was the main destination for spectacle frame exports from Hungary, with a X% share of total exports. Moreover, spectacle frame exports to Denmark exceeded the volume sent to the second major destination, Hong Kong SAR (X units), threefold. The UK (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Denmark totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+X% per year) and the UK (+X% per year).

In value terms, Denmark ($X) remains the key foreign market for spectacle frame exports from Hungary, comprising X% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Denmark stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+X% per year) and the UK (+X% per year).

Export Prices by Country

The average spectacle frame export price stood at $X per unit in 2019, shrinking by -X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the maximum at $X per unit in 2010; however, from 2011 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Norway ($X per unit), while the average price for exports to Croatia ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Norway, while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Frame Imports

Imports into Hungary

In 2019, supplies from abroad of frames and mountings for spectacles, goggles or the like increased by X% to X units, rising for the tenth year in a row after two years of decline. Over the period under review, imports recorded resilient growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% y-o-y. Imports peaked in 2019 and are likely to see steady growth in the near future.

In value terms, spectacle frame imports declined to $X in 2019. Overall, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Imports peaked at $X in 2018, and then shrank in the following year.

Imports by Country

China (X units), Hong Kong SAR (X units) and the Netherlands (X units) were the main suppliers of spectacle frame imports to Hungary, together comprising X% of total imports. Bangladesh, South Korea, the UK and Italy lagged somewhat behind, together comprising a further X 2007 to 2019, the biggest increases were in Bangladesh, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spectacle frame suppliers to Hungary were Hong Kong SAR ($X), China ($X) and Italy ($X), together accounting for X% of total imports. The Netherlands, Bangladesh, the UK and South Korea lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spectacle frame import price stood at $X per unit in 2019, declining by -X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per unit, and then declined notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

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 spectacle frame consumption in 2019 were China (123M units), the U.S. (91M units) and Italy (26M units), together accounting for 30% of global consumption. Pakistan, Japan, the UK, Nigeria, Bangladesh, Indonesia, Mexico, Germany, France and Ethiopia lagged somewhat behind, together accounting for a further 25%.
What are the largest producers of frames and mountings for spectacles, goggles or the like in the world?
+
China (168M units) constituted the country with the largest volume of spectacle frame production, accounting for 29% of total volume. Moreover, spectacle frame production in China exceeded the figures recorded by the second-largest producer, Pakistan (25M units), sevenfold. Bangladesh (22M units) ranked third in terms of total production with a 3.8% share.
What are the leading suppliers of frames and mountings for spectacles, goggles or the like to Hungary?
+
In value terms, Hong Kong SAR ($20M), China ($16M) and Italy ($6.4M) constituted the largest spectacle frame suppliers to Hungary, with a combined 77% share of total imports. These countries were followed by the Netherlands, Bangladesh, the UK and South Korea, which together accounted for a further 18%.
What are the leading importers of frames and mountings for spectacles, goggles or the like from Hungary?
+
In value terms, Denmark ($8M) remains the key foreign market for spectacle frame exports from Hungary, comprising 64% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($1.8M), with a 15% share of total exports. It was followed by the UK, with a 4.8% share.
What is the average export price for frames and mountings for spectacles, goggles or the like in Hungary?
+
In 2019, the average spectacle frame export price amounted to $17 per unit, waning by -9.6% against the previous year.
What is the average import price for frames and mountings for spectacles, goggles or the like in Hungary?
+
The average spectacle frame import price stood at $8.7 per unit in 2019, reducing by -17.7% against the previous year.

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

This report provides an in-depth analysis of the spectacle frame market in Hungary. 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 2025.


Country coverage:
• Hungary

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Hungary
• 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
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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