Belgium: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in Belgium

After three years of decline, the Belgian spectacles and goggles market increased by 18% to $X in 2021. Overall, consumption saw a strong expansion. Spectacles and goggles consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Spectacles And Goggles Production in Belgium

In value terms, spectacles and goggles production soared to $X in 2021 estimated in export price. Over the period under review, production posted a strong increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by 93%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Spectacles And Goggles Exports

Exports from Belgium

In 2021, exports of spectacles and goggles from Belgium dropped significantly to X units, with a decrease of -25% compared with 2020. In general, exports recorded a abrupt contraction. The growth pace was the most rapid in 2020 when exports increased by 210%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, spectacles and goggles exports shrank to $X in 2021. Overall, exports, however, saw a mild increase. The most prominent rate of growth was recorded in 2020 when exports increased by 272% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

France (X units) was the main destination for spectacles and goggles exports from Belgium, accounting for a 39% share of total exports. Moreover, spectacles and goggles exports to France exceeded the volume sent to the second major destination, Germany (X units), threefold. The Netherlands (X units) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume to France amounted to -18.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-20.0% per year) and the Netherlands (-15.7% per year).

In value terms, France ($X) remains the key foreign market for spectacles and goggles exports from Belgium, comprising 39% of total exports. The second position in the ranking was taken by Germany ($X), with a 14% share of total exports. It was followed by the Netherlands, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France stood at +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+0.4% per year) and the Netherlands (+5.8% per year).

Export Prices by Country

In 2021, the average spectacles and goggles export price amounted to $X per unit, rising by 20% against the previous year. In general, the export price showed a significant increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 52%. The export price peaked in 2021 and is likely to continue growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Norway ($X per unit) and Hungary ($X per unit), while the average price for exports to the UK ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+25.4%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacles And Goggles Imports

Imports into Belgium

In 2021, imports of spectacles and goggles into Belgium fell modestly to X units, approximately equating the previous year's figure. Overall, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 89%. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, spectacles and goggles imports fell slightly to $X in 2021. In general, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2020 when imports increased by 71%. As a result, imports attained the peak of $X, and then fell slightly in the following year.

Imports by Country

China (X units), the Netherlands (X units) and France (X units) were the main suppliers of spectacles and goggles imports to Belgium, with a combined 68% share of total imports. Austria, Germany, Taiwan (Chinese), Malaysia and the UK lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +1.0%), while purchases for the other leaders experienced a decline.

In value terms, the largest spectacles and goggles suppliers to Belgium were China ($X), the Netherlands ($X) and France ($X), with a combined 68% share of total imports. Austria, Germany, Taiwan (Chinese), Malaysia and the UK lagged somewhat behind, together comprising a further 25%.

Among the main suppliers, Malaysia, with a CAGR of +13.5%, recorded 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 2021, the average spectacles and goggles import price amounted to $X per unit, dropping by -2.8% against the previous year. Overall, the import price, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2018 an increase of 88%. The import price peaked at $X per unit in 2020, and then fell in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Malaysia ($X per unit) and Austria ($X per unit), while the price for the UK ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :