Kuwait: Spectacle Non-Plastic Frame Market 2022

Spectacle Non-Plastic Frame Market Size in Kuwait

The Kuwaiti spectacle non-plastic frame market skyrocketed to $X in 2021, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a pronounced downturn. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Spectacle Non-Plastic Frame Exports

Exports from Kuwait

In 2021, spectacle non-plastic frame exports from Kuwait rose sharply to X units, growing by X% on 2020 figures. Over the period under review, exports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, spectacle non-plastic frame exports rose remarkably to $X in 2021. Overall, exports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X units) was the main destination for spectacle non-plastic frame exports from Kuwait, with a X% share of total exports. Moreover, spectacle non-plastic frame exports to Italy exceeded the volume sent to the second major destination, the Netherlands (X units), sevenfold.

From 2012 to 2021, the average annual growth rate of volume to Italy stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Poland (X% per year).

In value terms, Italy ($X) remains the key foreign market for spectacle non-plastic frame exports from Kuwait, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Poland (X% per year).

Export Prices by Country

The average spectacle non-plastic frame export price stood at $X per unit in 2021, reducing by -X% against the previous year. In general, the export price, however, recorded tangible growth. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Poland ($X per unit), while the average price for exports to Italy ($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 the Netherlands (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Non-Plastic Frame Imports

Imports into Kuwait

In 2021, after two years of decline, there was significant growth in purchases abroad of non-plastic frames and mountings for spectacles and goggles, when their volume increased by X% to X units. Overall, imports, however, continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, spectacle non-plastic frame imports skyrocketed to $X in 2021. In general, imports, however, recorded a noticeable decline. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

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

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and the UK (-X% per year).

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

From 2012 to 2021, the average annual growth rate of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and Austria (+X% per year).

Import Prices by Country

The average spectacle non-plastic frame import price stood at $X per unit in 2021, which is down by -X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably countryorigin: the country with the highest price was Austria ($X per unit), while the price for China ($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 more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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