EU: Spectacle Glass Lenses Market 2022

Spectacle Glass Lenses Market Size in the EU

The EU spectacle glass lenses market expanded markedly to $X in 2021, increasing by 8% against the previous year. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Spectacle Glass Lenses Production in the EU

In value terms, spectacle glass lenses production reached $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 9.6%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Spectacle Glass Lenses Exports

Exports in the EU

In 2021, approx. X tons of spectacle lenses of glass or other materials were exported in the European Union; surging by 9% compared with 2020 figures. The total export volume increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when exports increased by 13% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, spectacle glass lenses exports soared to $X in 2021. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Germany (X tons), the Netherlands (X tons) and France (X tons) represented the key exporter of spectacle lenses of glass or other materials in the European Union, generating 64% of total export. Ireland (X tons) ranks next in terms of the total exports with a 7.2% share, followed by Hungary (6.9%), Italy (6.3%) and the Czech Republic (5.4%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Germany (with a CAGR of +11.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 55% share of total exports. These countries were followed by Hungary, Ireland, the Czech Republic and Italy, which together accounted for a further 26%.

The Czech Republic, with a CAGR of +11.3%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The export price in the European Union stood at $X per ton in 2021, rising by 9.6% against the previous year. In general, the export price showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Hungary ($X per ton), while France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+9.1%), while the other leaders experienced more modest paces of growth.

Spectacle Glass Lenses Imports

Imports in the EU

In 2021, the amount of spectacle lenses of glass or other materials imported in the European Union skyrocketed to X tons, increasing by 18% against the year before. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The volume of import peaked 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. The total import value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of spectacle glass lenses imports in 2021 were France (X tons), Germany (X tons), Italy (X tons) and the Netherlands (X tons), together recording 64% of total import. Hungary (X tons) held a 6.7% share (based on physical terms) of total imports, which put it in second place, followed by Poland (5.9%). Spain (X tons), the Czech Republic (X tons), Portugal (X tons), Ireland (X tons) and Romania (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Romania (with a CAGR of +16.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spectacle glass lenses importing markets in the European Union were France ($X), Germany ($X) and the Netherlands ($X), with a combined 53% share of total imports. These countries were followed by Italy, Poland, the Czech Republic, Portugal, Hungary, Spain, Ireland and Romania, which together accounted for a further 33%.

Romania, with a CAGR of +15.8%, saw the highest growth rate of the value of imports, among 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

In 2021, the import price in the European Union amounted to $X per ton, dropping by -1.5% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 20% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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