South-Eastern Asia: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in South-Eastern Asia

After two years of growth, the Southeast Asian spectacle plastic frame market decreased by X% to $X in 2023. The total consumption indicated a prominent increase from 2012 to 2023: its value 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 level of consumption peaked at $X in 2016; however, from 2017 to 2023, consumption stood at a somewhat lower figure.

Spectacle Plastic Frame Production in South-Eastern Asia

In value terms, spectacle plastic frame production rose rapidly to $X in 2023 estimated in export price. The total production indicated a prominent expansion from 2012 to 2023: its value 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. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2023, production growth remained at a lower figure.

Spectacle Plastic Frame Exports

Exports in South-Eastern Asia

For the fourth consecutive year, South-Eastern Asia recorded growth in overseas shipments of plastic frames and mountings for spectacles and goggles, which increased by X% to X units in 2023. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum in 2023 and are likely to continue growth in the immediate term.

In value terms, spectacle plastic frame exports surged to $X in 2023. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by X%. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Exports by Country

Thailand prevails in exports structure, accounting for X units, which was near X% of total exports in 2023. The Philippines (X units) ranks second in terms of the total exports with an X% share, followed by Vietnam (X%). Malaysia (X units), Singapore (X units) and Cambodia (X units) followed a long way behind the leaders.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2023. At the same time, the Philippines (X%), Cambodia (X%), Vietnam (X%), Malaysia (X%) and Singapore (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Thailand and the Philippines increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest spectacle plastic frame supplying countries in South-Eastern Asia were Thailand ($X), the Philippines ($X) and Vietnam ($X), together accounting for X% of total exports.

Among the main exporting countries, the Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per unit, surging by X% against the previous year. Export price indicated moderate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, spectacle plastic frame export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

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

Spectacle Plastic Frame Imports

Imports in South-Eastern Asia

After three years of growth, supplies from abroad of plastic frames and mountings for spectacles and goggles decreased by X% to X units in 2023. Overall, imports, however, showed resilient growth. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. The volume of import peaked at X units in 2022, and then contracted in the following year.

In value terms, spectacle plastic frame imports fell to $X in 2023. Total imports indicated a strong increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Thailand (X units) and the Philippines (X units) were the main importers of plastic frames and mountings for spectacles and goggles in South-Eastern Asia, together generating X% of total imports. Singapore (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (X%) and Indonesia (X%). Vietnam (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for the Philippines (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constitutes the largest market for imported plastic frames and mountings for spectacles and goggles in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by the Philippines, with a X% share.

In Thailand, spectacle plastic frame imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and the Philippines (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2023, approximately reflecting the previous year. Overall, the import price continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2023, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform