Venezuela: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in Venezuela

In 2023, the Venezuelan spectacle plastic frame market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Overall, consumption saw a sharp decline. Spectacle plastic frame consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Spectacle Plastic Frame Exports

Exports from Venezuela

In 2023, after two years of growth, there was significant decline in overseas shipments of plastic frames and mountings for spectacles and goggles, when their volume decreased by X% to X units. Over the period under review, exports, however, recorded a strong increase. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports reached the peak of X units. From 2019 to 2023, the growth of the exports remained at a lower figure.

In value terms, spectacle plastic frame exports contracted markedly to $X in 2023. In general, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at $X in 2022, and then reduced markedly in the following year.

Exports by Country

Panama (X units) was the main destination for spectacle plastic frame exports from Venezuela, with a X% share of total exports. Moreover, spectacle plastic frame exports to Panama exceeded the volume sent to the second major destination, the Dominican Republic (X units), more than tenfold. Guyana (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Panama amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and Guyana (X% per year).

In value terms, Panama ($X) remains the key foreign market for plastic frames and mountings for spectacles and goggles exports from Venezuela, comprising X% of total exports. The second position in the ranking was held by Guyana ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Panama stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guyana (X% per year) and Colombia (X% per year).

Export Prices by Country

The average spectacle plastic frame export price stood at $X per unit in 2023, with a decrease of X% against the previous year. Overall, the export price, however, showed a notable expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked at $X per unit in 2022, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guyana ($X per unit), while the average price for exports to the Dominican Republic ($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 Colombia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Spectacle Plastic Frame Imports

Imports into Venezuela

In 2023, purchases abroad of plastic frames and mountings for spectacles and goggles decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. In general, imports showed a dramatic setback. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, spectacle plastic frame imports contracted to $X in 2023. Over the period under review, imports recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Argentina (X units), China (X units) and Italy (X units) were the main suppliers of spectacle plastic frame imports to Venezuela, with a combined X% share of total imports. Mexico, Germany, Panama, the United States and Costa Rica 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 Mexico (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Italy ($X) and Mexico ($X) constituted the largest spectacle plastic frame suppliers to Venezuela, with a combined X% share of total imports.

Mexico, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2023, the average spectacle plastic frame import price amounted to $X per unit, waning by X% against the previous year. Over the period under review, import price indicated a noticeable expansion 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 import price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Costa Rica ($X per unit), while the price for Argentina ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform