Hungary: Spectacle Non-Plastic Frame Market 2022

Spectacle Non-Plastic Frame Market Size in Hungary

For the third consecutive year, the Hungarian spectacle non-plastic frame market recorded decline in sales value, which decreased by -X% to $X in 2021. In general, consumption, however, saw a remarkable increase. Spectacle non-plastic frame consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Spectacle Non-Plastic Frame Exports

Exports from Hungary

In 2021, after four years of decline, there was significant growth in shipments abroad of non-plastic frames and mountings for spectacles and goggles, when their volume increased by X% to X units. Over the period under review, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, spectacle non-plastic frame exports surged to $X in 2021. In general, exports posted prominent growth. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X units), Slovakia (X units) and the Czech Republic (X units) were the main destinations of spectacle non-plastic frame exports from Hungary, together comprising X% of total exports. These countries were followed by Italy, Sweden, Poland, Estonia and Hong Kong SAR, which together accounted for a further X 2012 to 2021, the biggest increases were in Sweden (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spectacle non-plastic frame exported from Hungary were the Czech Republic ($X), the Netherlands ($X) and Italy ($X), with a combined X% share of total exports. These countries were followed by Slovakia, Poland, Hong Kong SAR, Sweden and Estonia, which together accounted for a further X, 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

The average spectacle non-plastic frame export price stood at $X per unit in 2021, with a decrease of -X% against the previous year. In general, the export price continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2017 an increase of X%. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Slovakia ($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 Hong Kong SAR (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Non-Plastic Frame Imports

Imports into Hungary

In 2021, the amount of non-plastic frames and mountings for spectacles and goggles imported into Hungary dropped to X units, shrinking by -X% on the year before. Overall, imports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, spectacle non-plastic frame imports expanded remarkably to $X in 2021. Over the period under review, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of spectacle non-plastic frame to Hungary, accounting for a X% share of total imports. Moreover, spectacle non-plastic frame imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), fourfold. Italy (X units) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X) constituted the largest supplier of spectacle non-plastic frame to Hungary, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

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

Import Prices by Country

In 2021, the average spectacle non-plastic frame import price amounted to $X per unit, surging by X% against the previous year. In general, the import price recorded resilient growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to see steady growth in the near future.

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

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

Source: IndexBox Market Intelligence Platform

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