CIS: Spectacle Glass Lenses Market 2022

Spectacle Glass Lenses Market Size in CIS

In 2021, the CIS spectacle glass lenses market increased by 13% to $X, rising for the fifth year in a row after two years of decline. The market value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

Spectacle Glass Lenses Production in CIS

In value terms, spectacle glass lenses production fell to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2016 when the production volume increased by 69% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then fell in the following year.

Spectacle Glass Lenses Exports

Exports in CIS

After two years of growth, shipments abroad of spectacle lenses of glass or other materials decreased by -47.9% to X tons in 2021. In general, exports showed a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of 85%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, spectacle glass lenses exports shrank significantly to $X in 2021. Over the period under review, exports, however, posted a temperate expansion. The most prominent rate of growth was recorded in 2016 with an increase of 132%. The level of export peaked at $X in 2020, and then declined dramatically in the following year.

Exports by Country

In 2021, Russia (X tons) was the main exporter of spectacle lenses of glass or other materials, comprising 66% of total exports. Belarus (X tons) ranks second in terms of the total exports with a 22% share, followed by Azerbaijan (8.8%). Kazakhstan (X kg) took a relatively small share of total exports.

Russia was also the fastest-growing in terms of the spectacle lenses of glass or other materials exports, with a CAGR of +22.0% from 2012 to 2021. At the same time, Kazakhstan (+19.9%) displayed positive paces of growth. By contrast, Azerbaijan (-1.7%) and Belarus (-27.0%) illustrated a downward trend over the same period. While the share of Russia (+64 p.p.), Azerbaijan (+6.2 p.p.) and Kazakhstan (+2.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Belarus (-72.1 p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest spectacle glass lenses supplier in the CIS, comprising 89% of total exports. The second position in the ranking was taken by Belarus ($X), with a 6.3% share of total exports. It was followed by Azerbaijan, with a 3% share.

From 2012 to 2021, the average annual growth rate of value in Russia amounted to +30.2%. In the other countries, the average annual rates were as follows: Belarus (-22.5% per year) and Azerbaijan (+3.7% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, increasing by 60% against the previous year. Over the period under review, the export price saw a significant increase. The pace of growth was the most pronounced in 2015 an increase of 84% against the previous year. The level of export peaked in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Russia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+6.7%), while the other leaders experienced more modest paces of growth.

Spectacle Glass Lenses Imports

Imports in CIS

In 2021, purchases abroad of spectacle lenses of glass or other materials increased by 12% to X tons, rising for the fifth year in a row after three years of decline. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, spectacle glass lenses imports skyrocketed to $X in 2021. Total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +81.7% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia dominates imports structure, finishing at X tons, which was near 79% of total imports in 2021. It was distantly followed by Kazakhstan (X tons) and Belarus (X tons), together mixing up a 16% share of total imports. The following importers - Armenia (X tons) and Moldova (X tons) - each recorded a 4% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to spectacle glass lenses imports into Russia stood at -1.4%. At the same time, Armenia (+18.6%), Kazakhstan (+3.8%) and Moldova (+3.1%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing importer imported in the CIS, with a CAGR of +18.6% from 2012-2021. Belarus experienced a relatively flat trend pattern. From 2012 to 2021, the share of Kazakhstan and Armenia increased by +3.3 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported spectacle lenses of glass or other materials in the CIS, comprising 85% of total imports. The second position in the ranking was taken by Belarus ($X), with an 8.2% share of total imports. It was followed by Kazakhstan, with a 3.6% share.

In Russia, spectacle glass lenses imports increased at an average annual rate of +3.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (+5.4% per year) and Kazakhstan (+12.7% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, with an increase of 9.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.0%. The most prominent rate of growth was recorded in 2014 an increase of 37%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Belarus ($X per ton), while Armenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+8.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :