U.S.: Spectacle Non-Plastic Frame Market 2023

Spectacle Non-Plastic Frame Market Size in the U.S.

In 2021, the U.S. spectacle non-plastic frame market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a slight shrinkage. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Spectacle Non-Plastic Frame Production in the U.S.

In value terms, spectacle non-plastic frame production reduced rapidly to $X in 2021. In general, production recorded a abrupt downturn. Spectacle non-plastic frame production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Spectacle Non-Plastic Frame Exports

Exports from the U.S.

Spectacle non-plastic frame exports from the United States surged to X units in 2021, rising by 60% against the previous year. The total export volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, spectacle non-plastic frame exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Mexico (X units), Canada (X units) and Hong Kong SAR (X units) were the main destinations of spectacle non-plastic frame exports from the United States, together comprising 76% of total exports. These countries were followed by Brazil, Israel and Guatemala, which together accounted for a further 6.2%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of +37.5%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Mexico ($X) and Hong Kong SAR ($X) were the largest markets for spectacle non-plastic frame exported from the United States worldwide, together accounting for 79% of total exports. These countries were followed by Israel, Brazil and Guatemala, which together accounted for a further 3.6%.

Israel, with a CAGR of +26.2%, saw the highest growth rate of 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 non-plastic frame export price stood at $X per unit in 2021, declining by -5.7% against the previous year. Overall, the export price showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 8.4%. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per unit), while the average price for exports to Brazil ($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 Canada (+4.3%), while the prices for the other major destinations experienced a decline.

Spectacle Non-Plastic Frame Imports

Imports into the U.S.

In 2021, imports of non-plastic frames and mountings for spectacles and goggles into the United States surged to X units, picking up by 53% against the year before. In general, imports, however, recorded a mild downturn. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, spectacle non-plastic frame imports soared to $X in 2021. Over the period under review, imports, however, recorded a mild shrinkage. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest spectacle non-plastic frame supplier to the United States, accounting for a 85% share of total imports. Moreover, spectacle non-plastic frame imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. The third position in this ranking was held by South Korea (X units), with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-1.6% per year) and South Korea (-7.9% per year).

In value terms, China ($X) constituted the largest supplier of non-plastic frames and mountings for spectacles and goggles to the United States, comprising 56% of total imports. The second position in the ranking was taken by Italy ($X), with a 21% share of total imports. It was followed by Japan, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.2% per year) and Japan (+0.3% per year).

Import Prices by Country

The average spectacle non-plastic frame import price stood at $X per unit in 2021, reducing by -4.7% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 4.8% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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