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Report Kuwait - Plastic Frames and Mountings for Spectacles and Goggles - Market Analysis, Forecast, Size, Trends and Insights for 499$

Latest Report Update: Sep 30, 2022

Kuwait - Plastic Frames and Mountings for Spectacles and Goggles - Market Analysis, Forecast, Size, Trends and Insights
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Kuwait: Spectacle Plastic Frame Market 2022

Spectacle Plastic Frame Market Size in Kuwait

The Kuwaiti spectacle plastic frame market was finally on the rise to reach $X in 2021, after five years of decline. In general, consumption, however, saw a perceptible setback. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Spectacle Plastic Frame Exports

Exports from Kuwait

In 2021, exports of plastic frames and mountings for spectacles and goggles from Kuwait fell markedly to X units, with a decrease of -X% against the year before. In general, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, spectacle plastic frame exports reduced markedly to $X in 2021. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units), Italy (X units) and Spain (X units) were the main destinations of spectacle plastic frame exports from Kuwait, with a combined X% share of total exports. Bahrain and the Netherlands lagged somewhat behind, together comprising 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 the Netherlands (with a CAGR of +X%), while the other leaders experienced mixed trend patterns.

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

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 United Arab Emirates (-X% per year) and Spain (-X% per year).

Export Prices by Country

The average spectacle plastic frame export price stood at $X per unit in 2021, with an increase of X% against the previous year. Overall, the export price saw strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to Bahrain ($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 Italy (+X%), while the prices for the other major destinations experienced a decline.

Spectacle Plastic Frame Imports

Imports into Kuwait

In 2021, approx. X units of plastic frames and mountings for spectacles and goggles were imported into Kuwait; declining by -X% on 2020 figures. Overall, imports recorded a perceptible slump. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, spectacle plastic frame imports amounted to $X in 2021. In general, imports recorded a noticeable reduction. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), Turkey (X units) and the United Arab Emirates (X units) were the main suppliers of spectacle plastic frame imports to Kuwait, with a combined X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spectacle plastic frame suppliers to Kuwait were Italy ($X), the United Arab Emirates ($X) and Spain ($X), with a combined X% share of total imports. Germany, France, China and Turkey lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, recorded the highest growth rate of 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 plastic frame import price stood at $X per unit in 2021, increasing by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

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 plastic frames and mountings for spectacles and goggles in the world?

The countries with the highest volumes of consumption in 2021 were the United States, Mexico and China, together accounting for 35% of global consumption. Hong Kong SAR, India, Italy, Japan, Brazil, France, Russia and Bangladesh lagged somewhat behind, together comprising a further 34%.

What are the largest producers of plastic frames and mountings for spectacles and goggles in the world?

China remains the largest spectacle plastic frame producing country worldwide, comprising approx. 37% of total volume. Moreover, spectacle plastic frame production in China exceeded the figures recorded by the second-largest producer, Italy, threefold. The third position in this ranking was taken by India, with an 11% share.

What are the leading suppliers of plastic frames and mountings for spectacles and goggles to Kuwait?

In value terms, Italy, the United Arab Emirates and Spain appeared to be the largest spectacle plastic frame suppliers to Kuwait, with a combined 54% share of total imports. These countries were followed by Germany, France, China and Turkey, which together accounted for a further 18%.

What are the leading importers of plastic frames and mountings for spectacles and goggles from Kuwait?

In value terms, Italy remains the key foreign market for spectacle plastic frame exports from Kuwait, comprising 86% of total exports. The second position in the ranking was taken by the United Arab Emirates, with a 6.1% share of total exports. It was followed by Spain, with a 2.6% share.

What is the average export price for plastic frames and mountings for spectacles and goggles in Kuwait?

In 2021, the average spectacle plastic frame export price amounted to $33 per unit, increasing by 191% against the previous year.

What is the average import price for plastic frames and mountings for spectacles and goggles in Kuwait?

In 2021, the average spectacle plastic frame import price amounted to $29 per unit, increasing by 4.3% against the previous year.

This report provides an in-depth analysis of the spectacle plastic frame market in Kuwait. 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

Country coverage:

• Kuwait

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Trade (exports and imports) in Kuwait

• 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