Export Situation of China Glasses Frames in 2022

The second quarter saw a rapid rebound, while the fourth quarter saw a decline. Based on monthly export data, the export value of eyeglass frames in January was about 240 million US dollars, a historical high since 2021. Subsequently, due to factors such as the Spring Festival holiday and the epidemic, the monthly export value decreased, but the growth rate increased from March to September when the export value of eyewear products surged to 192 million US dollars. In October, due to adverse factors such as frequent outbreaks of domestic COVID-19, sluggish market demand, and a decline in export growth, the production growth rate of the glasses frame industry continued to slow down, with monthly export volume dropping again to 163 million US dollars. From November to December, export volume resumed to rise.

From the perspective of average export prices, the average export price of China eyewear frames is generally low, while the average export price of METAL material eyewear frames tends to stabilize overall. The average price of plastic glasses frames increased by 24.85% year-on-year, and the average price of spectacle frame parts increased by 22.96% year-on-year. The average export price of natural material frames for glasses decreased by 76.3% in 2022 compared to 2021. From a side view, the market for natural material Glasses Frames is very small, and prices are greatly influenced by supply and demand.

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Major export markets from the perspective of major export markets, in 2022, China's export growth to the United States will slow down, and its export to the EU, the "the Belt and Road" and RCEP regions will maintain a rapid growth. From January to October 2022, the export value of China's eyewear products to the United States reached 1.266 billion US dollars, a year-on-year increase of 1.81%, and the growth rate slowed down by 9.5 percentage points compared to the first half of the year; The export value of China optical frames to the EU was 1.46 billion US dollars, up 19.61% year on year, and that of the "the Belt and Road" was 2.154 billion US dollars, up 25.42% year on year; The export value of RCEP region was 1.097 billion US dollars, a year-on-year increase of 39.56%.

In 2023, the export market of eyewear products will resume stable development, and the social production and living order will accelerate in the first half of the year, especially in the second quarter, with the release of economic vitality accelerating. The industry will continue to deepen the transformation, upgrading, and innovative development of enterprises, continuously improve the core competitiveness of the industry, and strive to achieve new results in promoting high-quality development of the industry.

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