Lithuania: Spectacle Frame Market 2024

Spectacle Frame Market Size in Lithuania

In 2023, after two years of growth, there was significant decline in the Lithuanian spectacle frame market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Spectacle frame consumption peaked at $X in 2022, and then declined rapidly in the following year.

Spectacle Frame Production in Lithuania

In value terms, spectacle frame production shrank to $X in 2023 estimated in export price. Over the period under review, production saw a slight shrinkage. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

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Spectacle Frame Exports

Exports from Lithuania

In 2023, approx. X units of frames and mountings for spectacles, goggles or the like were exported from Lithuania; reducing by X% compared with 2022. Over the period under review, exports showed a noticeable decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, spectacle frame exports declined remarkably to $X in 2023. Overall, exports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X units), Belarus (X units) and Latvia (X units) were the main destinations of spectacle frame exports from Lithuania, with a combined X% share of total exports. Finland, Poland, Armenia, Estonia, Kyrgyzstan and Georgia lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Armenia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spectacle frame exported from Lithuania were Belarus ($X), Latvia ($X) and Russia ($X), together comprising X% of total exports. Finland, Poland, Armenia, Estonia, Kyrgyzstan and Georgia lagged somewhat behind, together comprising a further X%.

Armenia, with a CAGR of X%, recorded 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 2023, picking up by X% against the previous year. In general, the export price posted a prominent expansion. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The export price peaked at $X per unit in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Belarus ($X per unit), while the average price for exports to Georgia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Frame Imports

Imports into Lithuania

In 2023, after two years of growth, there was significant decline in overseas purchases of frames and mountings for spectacles, goggles or the like, when their volume decreased by X% to X units. In general, total imports indicated a modest increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked at X units in 2022, and then declined remarkably in the following year.

In value terms, spectacle frame imports shrank sharply to $X in 2023. Overall, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and Poland (X units) were the main suppliers of spectacle frame imports to Lithuania, together comprising X% of total imports. Italy, France, Latvia, Slovenia and Estonia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Italy ($X) and Germany ($X) appeared to be the largest spectacle frame suppliers to Lithuania, with a combined X% share of total imports. France, Latvia, China, Estonia and Slovenia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Slovenia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 2023, growing by X% against the previous year. Overall, the import price recorded prominent growth. The growth pace was the most rapid in 2013 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per unit in 2021; however, from 2022 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Poland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Slovenia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform