Australia and Oceania: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in Australia and Oceania

In 2021, the spectacles and goggles market in Australia and Oceania decreased by -22.4% to $X for the first time since 2018, thus ending a two-year rising trend. The total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +19.7% against 2018 indices. Over the period under review, the market reached the peak level at $X in 2020, and then declined markedly in the following year.

Spectacles And Goggles Production in Australia and Oceania

In value terms, spectacles and goggles production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a precipitous decrease. The most prominent rate of growth was recorded in 2016 when the production volume increased by 59,961%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Spectacles And Goggles Exports

Exports in Australia and Oceania

After two years of growth, shipments abroad of spectacles and goggles decreased by -7.2% to X units in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 58% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, spectacles and goggles exports declined remarkably to $X in 2021. Over the period under review, exports saw a noticeable setback. The growth pace was the most rapid in 2020 when exports increased by 89% against the previous year. As a result, the exports attained the peak of $X, and then contracted sharply in the following year.

Exports by Country

Australia dominates exports structure, amounting to X units, which was near 94% of total exports in 2021. It was distantly followed by New Zealand (X units), achieving a 5.2% share of total exports.

Australia experienced a relatively flat trend pattern with regard to volume of exports of spectacles and goggles. At the same time, New Zealand (+4.3%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +4.3% from 2012-2021. From 2012 to 2021, the share of New Zealand increased by +1.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest spectacles and goggles supplier in Australia and Oceania, comprising 96% of total exports. The second position in the ranking was held by New Zealand ($X), with a 3.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Australia stood at -4.3%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per unit, which is down by -40.8% against the previous year. In general, the export price showed a pronounced shrinkage. The growth pace was the most rapid in 2020 when the export price increased by 51%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per unit), while New Zealand amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (-4.4%).

Spectacles And Goggles Imports

Imports in Australia and Oceania

After four years of growth, supplies from abroad of spectacles and goggles decreased by -33.3% to X units in 2021. Overall, imports, however, showed a noticeable expansion. The growth pace was the most rapid in 2020 when imports increased by 81% against the previous year. As a result, imports attained the peak of X units, and then contracted rapidly in the following year.

In value terms, spectacles and goggles imports contracted to $X in 2021. Total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +39.5% against 2016 indices. The pace of growth was the most pronounced in 2020 when imports increased by 28%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

Australia prevails in imports structure, finishing at X units, which was approx. 91% of total imports in 2021. It was distantly followed by New Zealand (X units), comprising an 8% share of total imports.

Australia was also the fastest-growing in terms of the spectacles and goggles imports, with a CAGR of +4.7% from 2012 to 2021. New Zealand experienced a relatively flat trend pattern. From 2012 to 2021, the share of Australia increased by +5.3 percentage points.

In value terms, Australia ($X) constitutes the largest market for imported spectacles and goggles in Australia and Oceania, comprising 88% of total imports. The second position in the ranking was taken by New Zealand ($X), with an 11% share of total imports.

In Australia, spectacles and goggles imports increased at an average annual rate of +4.6% over the period from 2012-2021.

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2021, picking up by 32% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 43% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per unit), while Australia stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+3.4%).

Source: IndexBox Platform

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