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  4. Eyewear Frames

Non-Plastic Eyewear Frames - Ecuador

Ecuador
  • In 2024, the revenue generated in Ecuador's Non-Plastic Eyewear Frames market amounts to US$29.58m .
  • It is expected that the market will grow annually by 3.63% (CAGR 2024-2029).
  • When compared globally, it is noteworthy that the highest revenue is generated China, with US$4bn in 2024.
  • In terms of per-person revenue figures, US$1.61 is expected to be generated in Ecuador's Non-Plastic Eyewear Frames market in 2024.
  • By 2029, it is expected that the volume of the Non-Plastic Eyewear Frames market will amount to 962.1k pieces.
  • Furthermore, a volume growth of 2.7% is expected to be shown in 2025.0.
  • It is also projected that the average volume per person in Ecuador's Non-Plastic Eyewear Frames market will amount to 0.0pieces in 2024.
  • Ecuadorian consumers are increasingly seeking out eco-friendly and sustainable non-plastic eyewear frames to align with the country's commitment to environmental conservation.

Definition:

The Non-Plastic Eyewear Frames market covers spectacle frames made from materials other than plastic. This includes metals such as Monel, Nickel silver (also: German silver), bronze alloys, stainless steel, and titanium (as well as titanium alloys) and organic materials, e.g., buffalo horn and wood.

Additional information:

The market comprises revenues, average revenue per capita, volume, average volume per capita, and price. Revenues are generated through both online and offline sales channels. Key players in the market are leaders in their respective segments and are known for their innovative products, brand reputation, and extensive distribution networks. For more information on the data displayed, use the info button right next to the boxes.

In-Scope

  • Frames for spectacles and sunglasses

Out-Of-Scope

  • Frames for protective eyewar and safety glasses
  • Frame parts (e.g. screws, temples, nose pads)
  • Plastic frames

Revenue

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Jun 2024

Source: Statista Market Insights

Most recent update: Jun 2024

Source: Statista Market Insights

Volume

Most recent update: Jun 2024

Source: Statista Market Insights

Most recent update: Jun 2024

Source: Statista Market Insights

Sales Channels

Most recent update: Mar 2024

Source: Statista Market Insights

Price

Most recent update: Jun 2024

Source: Statista Market Insights

Analyst Opinion

Annual growth in the global eyewear market is expected to be robust over the next five years. Shifting consumer megatrends, transforming market structures and technological innovations are key drivers of this growth. Particularly, ageing is one of the most significant global demographic factors impacting eye care as the need for vision correction increases and becomes more complex as a person grows older. Additionally, increasing screen time especially among youngsters might cause more serious effects than previously thought, supporting the constant demand for preventive eye care.

Global Comparison

Most recent update: Jun 2024

Source: Statista Market Insights

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on eyewear products, which include spectacle lenses, sunglasses, eyewear frames, and contact lenses that are produced for private end consumers. Retail sales through both offline and online sales channels are included.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, market data from third-party sources (e.g., independent databases), historical developments, current trends, as well as survey results from our primary research (e.g., the Statista Consumer Insights Global survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and healthcare spending. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, exponential trend smoothing is well suited for making forecasts about the Eyewear market, which is projected to grow steadily. The main drivers are GDP per capita, consumer spending per capita, and healthcare spending.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).

Key Market Indicators

Notes: Based on IMF, World Bank, UN and Eurostat

Most recent update: Sep 2024

Source: Statista Market Insights

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