Southern Asia: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in Southern Asia

The South Asian spectacle non-plastic frame market contracted slightly to $X in 2023, with a decrease of X% against the previous year. The total consumption indicated notable growth 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, consumption increased by X% against 2021 indices. Over the period under review, the market hit record highs at $X in 2022, and then declined in the following year.

Spectacle Non-Plastic Frame Production in Southern Asia

In value terms, spectacle non-plastic frame production fell slightly to $X in 2023 estimated in export price. The total production indicated a notable expansion 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, production increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

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Spectacle Non-Plastic Frame Exports

Exports in Southern Asia

In 2023, overseas shipments of non-plastic frames and mountings for spectacles and goggles decreased by X% to X units for the first time since 2015, thus ending a seven-year rising trend. Overall, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The volume of export peaked at X units in 2022, and then contracted in the following year.

In value terms, spectacle non-plastic frame exports reduced to $X in 2023. Over the period under review, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Bangladesh represented the major exporter of non-plastic frames and mountings for spectacles and goggles in Southern Asia, with the volume of exports resulting at X units, which was approx. X% of total exports in 2023. It was distantly followed by India (X units), mixing up a X% share of total exports.

Bangladesh was also the fastest-growing in terms of the non-plastic frames and mountings for spectacles and goggles exports, with a CAGR of X% from 2012 to 2023. At the same time, India (X%) displayed positive paces of growth. From 2012 to 2023, the share of Bangladesh increased by X percentage points.

In value terms, Bangladesh ($X) remains the largest spectacle non-plastic frame supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports.

In Bangladesh, spectacle non-plastic frame exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per unit, with an increase of X% against the previous year. Export price indicated a buoyant expansion from 2012 to 2023: its price 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, spectacle non-plastic frame export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2023 and is likely to continue growth in the near future.

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 Bangladesh ($X per unit), while India amounted to $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%).

Spectacle Non-Plastic Frame Imports

Imports in Southern Asia

In 2023, after two years of growth, there was decline in overseas purchases of non-plastic frames and mountings for spectacles and goggles, when their volume decreased by X% to X units. Over the period under review, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X units in 2022, and then declined slightly in the following year.

In value terms, spectacle non-plastic frame imports shrank to $X in 2023. In general, imports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then reduced in the following year.

Imports by Country

India dominates imports structure, accounting for X units, which was near X% of total imports in 2023. It was distantly followed by Pakistan (X units), committing a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to spectacle non-plastic frame imports into India stood at X%. At the same time, Pakistan (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Pakistan increased by X percentage points.

In value terms, India ($X) constitutes the largest market for imported non-plastic frames and mountings for spectacles and goggles in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Pakistan ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in India totaled X%.

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per unit, declining by X% against the previous year. In general, the import price showed a noticeable decrease. The growth pace was the most rapid in 2014 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2023, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was India ($X per unit), while Pakistan totaled $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%).

Source: IndexBox Platform