Denmark: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in Denmark

In 2021, the Danish spectacles and goggles market increased by 37% to $X, rising for the second year in a row after two years of decline. Overall, consumption posted prominent growth. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the near future.

Spectacles And Goggles Production in Denmark

In value terms, spectacles and goggles production surged to $X in 2021 estimated in export price. Overall, production, however, showed a sharp reduction. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Spectacles And Goggles Exports

Exports from Denmark

In 2021, shipments abroad of spectacles and goggles increased by 22% to X units for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, recorded a abrupt shrinkage. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, spectacles and goggles exports skyrocketed to $X in 2021. Over the period under review, exports showed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X units), France (X units) and Norway (X units) were the main destinations of spectacles and goggles exports from Denmark, together comprising 45% of total exports. These countries were followed by Spain, Latvia, Israel, Sweden, Poland, the United States, Chile, Germany, Switzerland and Finland, which together accounted for a further 40%.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +97.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spectacles and goggles exported from Denmark were France ($X), the Netherlands ($X) and Norway ($X), together comprising 46% of total exports. Spain, Sweden, the United States, Poland, Germany, Latvia, Finland, Chile, Switzerland and Israel lagged somewhat behind, together comprising a further 36%.

Israel, with a CAGR of +113.7%, saw the highest rates of growth with regard to 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

The average spectacles and goggles export price stood at $X per unit in 2021, picking up by 29% against the previous year. In general, the export price recorded significant growth. The most prominent rate of growth was recorded in 2015 an increase of 42% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Israel ($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 Germany (+41.1%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacles And Goggles Imports

Imports into Denmark

In 2021, purchases abroad of spectacles and goggles increased by 19% to X units, rising for the second year in a row after two years of decline. Overall, imports, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2020 with an increase of 52% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, spectacles and goggles imports skyrocketed to $X in 2021. Over the period under review, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 48%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

Hungary (X units), Germany (X units) and Taiwan (Chinese) (X units) were the main suppliers of spectacles and goggles imports to Denmark, with a combined 65% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +159.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X) constituted the largest supplier of spectacles and goggles to Denmark, comprising 43% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Hungary stood at +169.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.1% per year) and China (+3.4% per year).

Import Prices by Country

The average spectacles and goggles import price stood at $X per unit in 2021, jumping by 22% against the previous year. Over the period under review, the import price enjoyed prominent growth. The pace of growth appeared the most rapid in 2019 when the average import price increased by 75%. The import price peaked in 2021 and is expected to retain growth in the near future.

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 China ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+33.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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