Uruguay: Spectacle Frame Market 2024

Spectacle Frame Market Size in Uruguay

The Uruguayan spectacle frame market contracted to $X in 2023, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a slight downturn. Spectacle frame consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Spectacle Frame Exports

Exports from Uruguay

In 2023, the amount of frames and mountings for spectacles, goggles or the like exported from Uruguay skyrocketed to X units, picking up by X% on the year before. Overall, exports recorded strong growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, spectacle frame exports surged to $X in 2023. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

Argentina (X units) was the main destination for spectacle frame exports from Uruguay, with a X% share of total exports. Moreover, spectacle frame exports to Argentina exceeded the volume sent to the second major destination, Spain (X units), more than tenfold.

From 2012 to 2023, the average annual rate of growth in terms of volume to Argentina totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and the United States (X% per year).

In value terms, the largest markets for spectacle frame exported from Uruguay were Argentina ($X), Spain ($X) and the United States ($X), with a combined X% share of total exports.

Among the main countries of destination, Spain, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average spectacle frame export price stood at $X per unit in 2023, dropping by X% against the previous year. Overall, the export price, however, recorded perceptible growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Argentina ($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 Brazil (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Frame Imports

Imports into Uruguay

Spectacle frame imports into Uruguay declined to X units in 2023, dropping by X% compared with the previous year's figure. In general, total imports indicated modest growth 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. Based on 2023 figures, imports increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports reached the peak of X units. From 2021 to 2023, the growth of imports remained at a lower figure.

In value terms, spectacle frame imports reduced to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2022, and then dropped in the following year.

Imports by Country

In 2023, China (X units) constituted the largest spectacle frame supplier to Uruguay, with a X% share of total imports. Moreover, spectacle frame imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), eightfold. France (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and France (X% per year).

In value terms, China ($X) constituted the largest supplier of frames and mountings for spectacles, goggles or the like to Uruguay, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2023, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2023, the average spectacle frame import price amounted to $X per unit, growing by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 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 Italy ($X per unit), while the price for Hong Kong SAR ($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 United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform