Croatia: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in Croatia

The Croatian spectacles and goggles market reduced remarkably to $X in 2021, falling by -23% against the previous year. In general, consumption showed a pronounced decline. Spectacles and goggles consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Spectacles And Goggles Production in Croatia

In value terms, spectacles and goggles production expanded sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 21%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Spectacles And Goggles Exports

Exports from Croatia

In 2021, overseas shipments of spectacles and goggles decreased by -29.1% to X units, falling for the sixth consecutive year after four years of growth. In general, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of 152%. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, spectacles and goggles exports declined dramatically to $X in 2021. Overall, exports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of 154%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Slovenia (X units), Albania (X units) and Bosnia and Herzegovina (X units) were the main destinations of spectacles and goggles exports from Croatia, together accounting for 64% of total exports. These countries were followed by Germany, Serbia, the UK, Montenegro and Switzerland, which together accounted for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +67.6%), while the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), Bosnia and Herzegovina ($X) and Germany ($X) were the largest markets for spectacles and goggles exported from Croatia worldwide, together comprising 68% of total exports.

Germany, with a CAGR of +122.0%, 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, with an increase of 10% against the previous year. In general, the export price posted a significant expansion. The growth pace was the most rapid in 2018 an increase of 143%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Serbia ($X per unit), while the average price for exports to Albania ($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 Serbia (+47.7%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacles And Goggles Imports

Imports into Croatia

Spectacles and goggles imports into Croatia dropped remarkably to X units in 2021, with a decrease of -75.9% compared with the previous year. In general, imports, however, posted a temperate expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 542% against the previous year. As a result, imports attained the peak of X units, and then reduced remarkably in the following year.

In value terms, spectacles and goggles imports shrank significantly to $X in 2021. Over the period under review, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 185%. As a result, imports reached the peak of $X, and then contracted dramatically in the following year.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Slovenia (X units) were the main suppliers of spectacles and goggles imports to Croatia, with a combined 68% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +43.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spectacles and goggles suppliers to Croatia were Slovenia ($X), Germany ($X) and Italy ($X), together accounting for 48% of total imports.

Among the main suppliers, Slovenia, with a CAGR of +49.3%, 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

The average spectacles and goggles import price stood at $X per unit in 2021, rising by 63% against the previous year. In general, the import price recorded a buoyant increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 72% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+28.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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