Belgium: Personal Spectacle Optics Market 2024

Personal Spectacle Optics Market Size in Belgium

The Belgian personal spectacle optics market rose remarkably to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Personal spectacle optics consumption peaked in 2022 and is expected to retain growth in the immediate term.

Personal Spectacle Optics Production in Belgium

In value terms, personal spectacle optics production expanded rapidly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Personal Spectacle Optics Exports

Exports from Belgium

Personal spectacle optics exports from Belgium skyrocketed to X units in 2022, rising by X% on the previous year's figure. In general, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, personal spectacle optics exports skyrocketed to $X in 2022. Overall, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

France (X units) was the main destination for personal spectacle optics exports from Belgium, with a X% share of total exports. Moreover, personal spectacle optics exports to France exceeded the volume sent to the second major destination, Austria (X units), fivefold. Poland (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Poland (X% per year).

In value terms, France ($X) remains the key foreign market for personal spectacle optics exports from Belgium, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by the Netherlands, with an X% share.

From 2012 to 2022, the average annual growth rate of value to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average personal spectacle optics export price amounted to $X per unit, shrinking by X% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The export price peaked at $X per unit in 2021, and then reduced dramatically in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Personal Spectacle Optics Imports

Imports into Belgium

Personal spectacle optics imports into Belgium stood at X units in 2022, with an increase of X% against 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, personal spectacle optics imports skyrocketed to $X in 2022. Over the period under review, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest personal spectacle optics supplier to Belgium, with a X% share of total imports. Moreover, personal spectacle optics imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), threefold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the largest personal spectacle optics suppliers to Belgium were China ($X), the Netherlands ($X) and Italy ($X), with a combined X% share of total imports. Germany, France, Taiwan (Chinese), Austria, Spain, the United States and the UK lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Germany, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average personal spectacle optics import price amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price saw tangible growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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