Cyprus: Spectacle Glass Lenses Market 2020

Spectacle Glass Lenses Market Size in Cyprus

The revenue of the spectacle glass lenses market in Cyprus amounted to $X in 2018, declining by -X% against the previous year. Overall, spectacle glass lenses consumption continues to indicate a drastic reduction. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, the spectacle glass lenses market reached its peak figure level at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Spectacle Glass Lenses Production in Cyprus

In value terms, spectacle glass lenses production totaled $X in 2018 estimated in export prices. Over the period under review, spectacle glass lenses production continues to indicate a deep decrease. The most prominent rate of growth was recorded in 2013 with a decrease of -X% against the previous year. Over the period under review, spectacle glass lenses production reached its maximum level at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Spectacle Glass Lenses Exports

Exports from Cyprus

In 2018, the amount of spectacle lenses of glass or other materials exported from Cyprus amounted to X units, going down by -X% against the previous year. In general, spectacle glass lenses exports continue to indicate a mild contraction. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, spectacle glass lenses exports attained their maximum at X units in 2015; however, from 2016 to 2018, exports remained at a lower figure.

In value terms, spectacle glass lenses exports totaled $X in 2018. Overall, spectacle glass lenses exports continue to indicate a drastic contraction. The growth pace was the most rapid in 2010 when exports increased by X% against the previous year. In that year, spectacle glass lenses exports attained their peak of $X. From 2011 to 2018, the growth of spectacle glass lenses exports remained at a lower figure.

Exports by Country

China represented the largest exporting country with an export of around X units, which reached X% of total exports. Thailand (X units) occupied the second position in the ranking, followed by Mexico (X units), China, Hong Kong SAR (X units) and the Philippines (X units). All these countries together took approx. X% share of total exports. Germany (X units), the U.S. (X units), Taiwan, Chinese (X units), Indonesia (X units), the Netherlands (X units), South Korea (X units) and the Czech Republic (X units) took a relatively small share of total exports.

From 2007 to 2018, average annual rates of growth with regard to spectacle glass lenses exports from China stood at +X%. At the same time, the Netherlands (+X%), China, Hong Kong SAR (+X%), Indonesia (+X%), Germany (+X%), Mexico (+X%), the U.S. (+X%), the Philippines (+X%), Thailand (+X%) and the Czech Republic (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. South Korea experienced a relatively flat trend pattern. By contrast, Taiwan, Chinese (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), Thailand (+X p.p.), China, Hong Kong SAR (+X p.p.), Mexico (+X p.p.), Germany (+X p.p.), the Philippines (+X p.p.), the U.S. (+X p.p.) and the Netherlands (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest spectacle glass lenses markets from Cyprus were Thailand ($X), China ($X) and Germany ($X), together comprising X% of total exports.

Among the main exporting countries, China experienced the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The spectacle glass lenses export price in Cyprus stood at $X per unit in 2018, reducing by -X% against the previous year. In general, the spectacle glass lenses export price continues to indicate an abrupt descent. The growth pace was the most rapid in 2010 an increase of X% against the previous year. In that year, the export prices for spectacle lenses of glass or other materials attained their peak level of $X per unit. From 2011 to 2018, the growth in terms of the export prices for spectacle lenses of glass or other materials failed to regain its momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the Netherlands ($X per unit), while Taiwan, Chinese ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Spectacle Glass Lenses Imports

Imports into Cyprus

In 2018, the amount of spectacle lenses of glass or other materials imported into Cyprus stood at X units, reducing by -X% against the previous year. Over the period under review, spectacle glass lenses imports continue to indicate an abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Cyprus imports peaked at X units in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, spectacle glass lenses imports totaled $X in 2018. Over the period under review, spectacle glass lenses imports continue to indicate a drastic slump. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, spectacle glass lenses imports attained their peak figure at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the U.S. (X units), distantly followed by India (X units), China, Hong Kong SAR (X units), Italy (X units) and the UK (X units) represented the main importers of spectacle lenses of glass or other materials, together achieving X% of total imports. France (X units), Germany (X units), Mexico (X units), Japan (X units), China (X units), the Netherlands (X units) and Hungary (X units) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Hungary, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Germany ($X) and France ($X) were the countries with the highest levels of imports in 2018, together accounting for X% of total imports. The UK, the Netherlands, Italy, China, Hong Kong SAR, Japan, China, Mexico, India, Hungary and Cyprus lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the spectacle glass lenses import price in Cyprus amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the spectacle glass lenses import price, however, continues to indicate a moderate setback. The pace of growth was the most pronounced in 2018 an increase of X% y-o-y. Cyprus import price peaked at $X per unit in 2008; however, from 2009 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per unit), while India ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform