Eastern Europe: Spectacle Glass Lenses Market 2022

Spectacle Glass Lenses Market Size in Eastern Europe

For the sixth consecutive year, the East European spectacle glass lenses market recorded growth in sales value, which increased by 12% to $X in 2021. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +106.8% against 2013 indices. Over the period under review, the market attained the peak level in 2021 and is likely to see gradual growth in the immediate term.

Spectacle Glass Lenses Production in Eastern Europe

In value terms, spectacle glass lenses production declined to $X in 2021 estimated in export price. The total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +96.2% against 2013 indices. The pace of growth was the most pronounced in 2019 with an increase of 23%. Over the period under review, production attained the peak level at $X in 2020, and then declined in the following year.

Spectacle Glass Lenses Exports

Exports in Eastern Europe

In 2021, shipments abroad of spectacle lenses of glass or other materials decreased by -1.7% to X tons, falling for the second consecutive year after five years of growth. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 18% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, spectacle glass lenses exports expanded remarkably to $X in 2021. In general, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 25% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Hungary (X tons), the Czech Republic (X tons) and Poland (X tons) represented the major exporter of spectacle lenses of glass or other materials in Eastern Europe, achieving 95% of total export. Romania (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Romania (with a CAGR of +110.2%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Hungary ($X) and the Czech Republic ($X) constituted the countries with the highest levels of exports in 2021, with a combined 92% share of total exports. These countries were followed by Romania, which accounted for a further 4.6%.

In terms of the main exporting countries, Romania, with a CAGR of +153.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, rising by 17% against the previous year. Export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, spectacle glass lenses export price increased by +29.0% against 2014 indices. The pace of growth appeared the most rapid in 2014 when the export price increased by 26% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Romania ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+20.8%), while the other leaders experienced more modest paces of growth.

Spectacle Glass Lenses Imports

Imports in Eastern Europe

Spectacle glass lenses imports surged to X tons in 2021, picking up by 15% on the previous year. Total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -21.9% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 22% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, spectacle glass lenses imports surged to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.3% against 2019 indices. The growth pace was the most rapid in 2018 when imports increased by 23% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of spectacle glass lenses imports in 2021 were Hungary (X tons), Poland (X tons) and the Czech Republic (X tons), together finishing at 76% of total import. Russia (X tons) took the next position in the ranking, followed by Romania (X tons). All these countries together held approx. 17% share of total imports. Ukraine (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were in Romania (with a CAGR of +16.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spectacle glass lenses importing markets in Eastern Europe were Poland ($X), the Czech Republic ($X) and Hungary ($X), with a combined 70% share of total imports. These countries were followed by Russia, Romania and Ukraine, which together accounted for a further 22%.

Romania, with a CAGR of +15.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, picking up by 5.9% against the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2020 an increase of 19% against the previous year. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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