EU: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in the EU

After two years of growth, the EU spectacles and goggles market decreased by -5.9% to $X in 2021. Overall, consumption continues to indicate a abrupt downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Spectacles And Goggles Production in the EU

In value terms, spectacles and goggles production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, saw a noticeable decrease. The pace of growth appeared the most rapid in 2016 when the production volume increased by 59%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Spectacles And Goggles Exports

Exports in the EU

After three years of decline, shipments abroad of spectacles and goggles increased by 17% to X units in 2021. Overall, exports, however, continue to indicate a abrupt decline. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, spectacles and goggles exports soared to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +8.0% 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 +84.6% against 2015 indices. 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), Germany (X units), France (X units) and Hungary (X units) represented roughly 67% of total exports in 2021. Poland (X units) took a 6% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (5.4%) and Italy (5%).

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +0.6%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Germany ($X), the Netherlands ($X) and Italy ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 52% share of total exports. These countries were followed by France, Hungary, Poland and the Czech Republic, which together accounted for a further 32%.

Poland, with a CAGR of +23.1%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per unit, rising by 8.5% against the previous year. Overall, the export price continues to indicate significant growth. The pace of growth was the most pronounced in 2018 when the export price increased by 130%. Over the period under review, the export prices reached the maximum in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+38.5%), while the other leaders experienced more modest paces of growth.

Spectacles And Goggles Imports

Imports in the EU

In 2021, the amount of spectacles and goggles imported in the European Union dropped to X units, waning by -13.5% on 2020 figures. Overall, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2016 when imports increased by 62%. The volume of import peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, spectacles and goggles imports reduced to $X in 2021. Total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +48.6% against 2015 indices. The most prominent rate of growth was recorded in 2020 with an increase of 31% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2021, Germany (X units), France (X units), Sweden (X units), Italy (X units), Spain (X units), Finland (X units), Poland (X units), Belgium (X units), Austria (X units), the Netherlands (X units), Slovakia (X units) and Denmark (X units) represented the largest importer of spectacles and goggles in the European Union, achieving 89% of total import.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +8.8%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Germany ($X), France ($X) and Italy ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 46% of total imports. These countries were followed by Sweden, Spain, Poland, Belgium, the Netherlands, Finland, Austria, Denmark and Slovakia, which together accounted for a further 44%.

Among the main importing countries, Finland, with a CAGR of +18.4%, recorded 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 import price in the European Union stood at $X per unit in 2021, remaining relatively unchanged against the previous year. Overall, the import price, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 when the import price increased by 77%. Over the period under review, import prices attained the maximum at $X per unit in 2020, and then reduced slightly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+16.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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