Vietnam: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in Vietnam

The Vietnamese spectacle plastic frame market totaled $X in 2023, with an increase of X% against the previous year. Overall, the total consumption indicated a temperate 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, consumption decreased by X% against 2021 indices. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2023, consumption failed to regain momentum.

Spectacle Plastic Frame Production in Vietnam

In value terms, spectacle plastic frame production expanded markedly to $X in 2023 estimated in export price. Overall, the total production indicated notable growth 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 2021 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2023, production failed to regain momentum.

Spectacle Plastic Frame Exports

Exports from Vietnam

In 2023, exports of plastic frames and mountings for spectacles and goggles from Vietnam rose modestly to X units, increasing by X% on 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at X units in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, spectacle plastic frame exports rose significantly to $X in 2023. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X%. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

Uzbekistan (X units), the United States (X units) and the UK (X units) were the main destinations of spectacle plastic frame exports from Vietnam, together comprising X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uzbekistan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spectacle plastic frame exported from Vietnam were Uzbekistan ($X), the United States ($X) and the UK ($X), together accounting for X% of total exports.

Among the main countries of destination, Uzbekistan, 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 more modest paces of growth.

Export Prices by Country

The average spectacle plastic frame export price stood at $X per unit in 2023, growing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2023, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2023, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per unit) and the UK ($X per unit), while the average price for exports to France ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Plastic Frame Imports

Imports into Vietnam

In 2023, the amount of plastic frames and mountings for spectacles and goggles imported into Vietnam dropped sharply to X units, declining by X% against the year before. Overall, imports, however, posted a remarkable increase. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then shrank notably in the following year.

In value terms, spectacle plastic frame imports dropped sharply to $X in 2023. In general, imports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2022 when imports increased by X%. As a result, imports reached the peak of $X, and then contracted rapidly in the following year.

Imports by Country

China (X units), South Korea (X units) and Italy (X units) were the main suppliers of spectacle plastic frame imports to Vietnam, with a combined X% share of total imports.

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

In value terms, China ($X), South Korea ($X) and Italy ($X) were the largest spectacle plastic frame suppliers to Vietnam, together accounting for X% of total imports.

In terms of the main suppliers, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average spectacle plastic frame import price amounted to $X per unit, reducing by X% against the previous year. In general, import price indicated buoyant 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 import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Japan ($X per unit) and Italy ($X per unit), while the price for China ($X per unit) and South Korea ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform