Spectacle Frame Market Overview in Hungary
The size of the spectacle frame market in Hungary contracted remarkably to $ in 2019, with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a modest expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2012 indices. The growth pace was the most rapid in 2018 when the market value increased by % year-to-year. As a result, consumption attained the peak level of $, and then shrank rapidly in the following year.