Czech Republic: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in the Czech Republic

The Czech spectacles and goggles market fell to $X in 2021, with a decrease of -14% against the previous year. Over the period under review, consumption showed a abrupt slump. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Spectacles And Goggles Production in the Czech Republic

In value terms, spectacles and goggles production declined markedly to $X in 2021 estimated in export price. In general, production, however, faced a sharp curtailment. The most prominent rate of growth was recorded in 2016 when the production volume increased by 138%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Spectacles And Goggles Exports

Exports from the Czech Republic

In 2021, overseas shipments of spectacles and goggles decreased by -0.7% to X units, falling for the fourth year in a row after four years of growth. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when exports increased by 46% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, spectacles and goggles exports surged to $X in 2021. In general, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +59.0% against 2018 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 33%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Germany (X units) was the main destination for spectacles and goggles exports from the Czech Republic, accounting for a 70% share of total exports. Moreover, spectacles and goggles exports to Germany exceeded the volume sent to the second major destination, Slovakia (X units), tenfold. Poland (X units) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to -9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-10.0% per year) and Poland (-9.8% per year).

In value terms, Germany ($X) remains the key foreign market for spectacles and goggles exports from the Czech Republic, comprising 72% of total exports. The second position in the ranking was held by Slovakia ($X), with a 7.5% share of total exports. It was followed by Poland, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+4.2% per year) and Poland (+4.9% per year).

Export Prices by Country

The average spectacles and goggles export price stood at $X per unit in 2021, jumping by 21% against the previous year. Overall, the export price continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 83% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see steady growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Poland ($X per unit) and Slovakia ($X per unit), while the average price for exports to Austria ($X per unit) and Germany ($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 Austria (+21.8%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacles And Goggles Imports

Imports into the Czech Republic

In 2021, spectacles and goggles imports into the Czech Republic dropped rapidly to X units, waning by -33.1% against 2020. In general, imports saw a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 64% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, spectacles and goggles imports declined significantly to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 75%. As a result, imports reached the peak of $X, and then shrank remarkably in the following year.

Imports by Country

Germany (X units), Taiwan (Chinese) (X units) and Poland (X units) were the main suppliers of spectacles and goggles imports to the Czech Republic, together accounting for 55% of total imports. China, Italy, the Netherlands, Austria, the UK, France, Slovakia, Belgium, Hong Kong SAR and South Korea lagged somewhat behind, together comprising a further 37%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +22.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Italy ($X) appeared to be the largest spectacles and goggles suppliers to the Czech Republic, with a combined 58% share of total imports. Taiwan (Chinese), Poland, Slovakia, the Netherlands, France, Austria, the UK, Belgium, Hong Kong SAR and South Korea lagged somewhat behind, together accounting for a further 32%.

Among the main suppliers, Belgium, with a CAGR of +58.9%, saw the highest rates of growth with regard to 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, falling by -13.7% against the previous year. Over the period under review, the import price, however, recorded a buoyant expansion. The growth pace was the most rapid in 2018 an increase of 61% against the previous year. The import price peaked at $X per unit in 2020, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+48.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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