Belarus: Spectacle Glass Lenses Market 2024

Spectacle Glass Lenses Market Size in Belarus

In 2022, after two years of decline, there was significant growth in the Belarusian spectacle glass lenses market, when its value increased by 16% to $X. In general, consumption showed a slight decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Spectacle Glass Lenses Production in Belarus

In value terms, spectacle glass lenses production stood at $X in 2022 estimated in export price. Overall, production faced a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 45% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Spectacle Glass Lenses Exports

Exports from Belarus

In 2022, approx. X units of spectacle lenses of glass or other materials were exported from Belarus; waning by -37.7% compared with 2021 figures. Overall, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 306% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, spectacle glass lenses exports soared to $X in 2022. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 310% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X units) was the main destination for spectacle glass lenses exports from Belarus, with a approx. 46% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to -15.3%.

In value terms, Russia ($X) also remains the key foreign market for spectacle lenses of glass or other materials exports from Belarus.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to -17.5%.

Export Prices by Country

In 2022, the average spectacle glass lenses export price amounted to $X per unit, surging by 183% against the previous year. In general, the export price, however, continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2020 an increase of 358%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -2.6% per year.

Spectacle Glass Lenses Imports

Imports into Belarus

In 2022, the amount of spectacle lenses of glass or other materials imported into Belarus contracted markedly to X units, shrinking by -19.9% on the previous year. Over the period under review, imports, however, enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2015 with an increase of 80%. Over the period under review, imports reached the peak figure at X units in 2021, and then fell remarkably in the following year.

In value terms, spectacle glass lenses imports skyrocketed to $X in 2022. In general, imports, however, saw a strong increase. The pace of growth was the most pronounced in 2019 with an increase of 29%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of spectacle glass lenses to Belarus, accounting for a 67% share of total imports. Moreover, spectacle glass lenses imports from China exceeded the figures recorded by the second-largest supplier, Russia (X units), fivefold. The third position in this ranking was held by Serbia (X units), with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+3.9% per year) and Serbia (+17.2% per year).

In value terms, Russia ($X), Serbia ($X) and China ($X) were the largest spectacle glass lenses suppliers to Belarus, together accounting for 61% of total imports. Thailand, Germany, South Korea, the Czech Republic and Lithuania lagged somewhat behind, together comprising a further 19%.

Among the main suppliers, South Korea, with a CAGR of +61.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spectacle glass lenses import price stood at $X per unit in 2022, with an increase of 46% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spectacle glass lenses import price increased by +3.3% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 106%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+27.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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