Plastic spectacle frames market in Greece

Earlier Report Observations

The market for plastic spectacle frames in Greece experienced significant fluctuations in physical volume between 2018 and 2024. After rising to 944 thousand pieces in 2019, the market contracted sharply to 723 thousand pieces in 2020.

A robust recovery followed, with market volume exceeding one million pieces in 2021 and peaking at 1.35 million pieces in 2022. This expansion was reversed in the subsequent two years, as volume fell to 1.21 million pieces in 2023 and further to 1.07 million pieces by 2024.

In value terms, the market showed a distinct pattern, declining to $7.3 million in 2020 before surging to a high of $11.0 million in 2021. The market's value continued to grow thereafter, reaching $11.5 million in 2024 despite the decline in physical volume.

Production plastic spectacle frames in Greece

In value, 2017-2020, K $ US

In Greece, the production value of plastic spectacle frames reached 1 756 thousand US dollars in 2020, marking a year-over-year decrease of 10.8%. Production peaked in 2019 at 1 969 thousand US dollars, which represented the largest annual increase of 15.4%. Over the period from 2018 to 2020, overall production grew by 3%, translating to an average annualized rate of 1.0%.

Annual dynamics of production in Greece in value, 2017-2020, K $ US

In kind, 2017-2020, K unit

Greece produced 109.6 thousand units of plastic spectacle frames in 2020, showing a significant year-over-year decline of 12.4%. The highest production volume was recorded in 2019 at 125.1 thousand units, which also saw the largest annual increase of 23.4%. From 2018 to 2020, production increased by 8.1%, averaging an annualized growth rate of 2.6%.

Annual dynamics of production in Greece in kind, 2017-2020, K unit

Exports plastic spectacle frames from Greece

Exports in kind, K unit

After two years of growth, the export volume of plastic spectacle frames from Greece declined. In 2020, exports stood at 39.3 thousand units, a 42.6% decrease compared to the previous year. The peak export volume was recorded in 2019 at 68.5 thousand units, while the largest annual increase occurred in 2018 at 11.3%. Over the period from 2017 to 2020, exports fell by 30.1%, with an average annualized decline of 11.3%.

Annual dynamics of product's exports from Greece in kind, 2017-2020, K unit

From 2017 to 2020, Cyprus, Italy, and Iran were the leading destinations for Greece's plastic spectacle frame exports in volume terms. Cyprus accounted for 39.6% of exports, Italy for 25.7%, and Iran for 4.6%, together making up 69.9% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Greece in kind, 2017-2020

Exports in value, K $ US

Plastic spectacle frame exports from Greece declined for the second consecutive year. In 2020, exports totaled 1 031 thousand US dollars, a 33.7% drop from the previous year. The highest export value was recorded in 2018 at 1 557 thousand US dollars, which also saw the largest annual increase of 13.3%. Over the period from 2017 to 2020, exports decreased by 25%, with an average annualized decline of 9.2%.

Annual dynamics of product's exports from Greece in value, 2017-2020, K $ US

From 2017 to 2020, Cyprus, Italy, and the Netherlands played key roles in the value structure of Greece's plastic spectacle frame exports. Cyprus contributed 38.1% of export value, Italy 37.7%, and the Netherlands 4.3%, collectively accounting for 80.1% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Greece in value, 2017-2020

Imports plastic spectacle frames to Greece

Imports in kind, K unit

In 2020, Greece imported 652.3 thousand units of plastic spectacle frames, reflecting a sharp 26.5% decrease from 2019. Imports peaked in 2019 at 886.9 thousand units, which also recorded the largest annual increase of 20.4%. Over the period from 2017 to 2020, imports declined by 12.3%, with an average annualized decrease of 4.3%.

Annual dynamics of product's imports to Greece in kind, 2017-2020, K unit

From 2017 to 2020, China, Italy, and Hong Kong were the main sources for Greece's plastic spectacle frame imports in volume terms. China accounted for 41.8% of imports, Italy for 34.2%, and Hong Kong for 10.8%, together representing 86.9% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Greece in kind, 2017-2020

Imports in value, K $ US

Plastic spectacle frame imports to Greece declined for the third consecutive year. In 2020, imports totaled 6 536 thousand US dollars, a steep 25.4% contraction compared to the previous year. Over the period from 2017 to 2020, imports decreased by 32.1%, with an average annualized decline of 12.1%.

Annual dynamics of product's imports to Greece in value, 2017-2020, K $ US

From 2017 to 2020, Italy and China dominated the value structure of plastic spectacle frame imports to Greece, concentrating most of the import value, while other markets individually played less significant roles.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Greece in value, 2017-2020