Austria: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in Austria

The Austrian spectacles and goggles market expanded significantly to $X in 2021, picking up by 9.9% against the previous year. Overall, consumption enjoyed a buoyant expansion. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Spectacles And Goggles Production in Austria

In value terms, spectacles and goggles production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production enjoyed buoyant growth. The growth pace was the most rapid in 2016 when the production volume increased by 109% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Spectacles And Goggles Exports

Exports from Austria

In 2021, spectacles and goggles exports from Austria declined sharply to X units, falling by -33.9% against the previous year. Over the period under review, exports continue to indicate a sharp downturn. The growth pace was the most rapid in 2014 with an increase of 35% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, spectacles and goggles exports dropped remarkably to $X in 2021. Overall, total exports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -25.4% against 2019 indices. The pace of growth was the most pronounced in 2014 when exports increased by 66% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium (X units), Germany (X units) and Romania (X units) were the main destinations of spectacles and goggles exports from Austria, with a combined 43% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +29.6%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and Romania ($X) were the largest markets for spectacles and goggles exported from Austria worldwide, together comprising 45% of total exports.

Romania, with a CAGR of +45.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average spectacles and goggles export price amounted to $X per unit, jumping by 23% against the previous year. Overall, the export price posted significant growth. The pace of growth was the most pronounced in 2019 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+39.4%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacles And Goggles Imports

Imports into Austria

In 2021, the amount of spectacles and goggles imported into Austria dropped sharply to X units, with a decrease of -26.4% compared with the previous year's figure. Overall, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2016 with an increase of 62% against the previous year. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, spectacles and goggles imports shrank dramatically to $X in 2021. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% 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 decreased by -27.2% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 39% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of spectacles and goggles to Austria, accounting for a 53% share of total imports. Moreover, spectacles and goggles imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), ninefold. France (X units) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to -8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+16.5% per year) and France (-9.5% per year).

In value terms, Germany ($X) constituted the largest supplier of spectacles and goggles to Austria, comprising 51% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by Poland, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.2% per year) and Poland (+117.3% per year).

Import Prices by Country

In 2021, the average spectacles and goggles import price amounted to $X per unit, rising by 3.5% against the previous year. In general, the import price saw a prominent expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 60%. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+28.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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