Finland: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in Finland

After two years of decline, the Finnish spectacles and goggles market increased by 9.3% to $X in 2021. In general, consumption, however, enjoyed a remarkable increase. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Spectacles And Goggles Production in Finland

In value terms, spectacles and goggles production reduced remarkably to $X in 2021 estimated in export price. Overall, production saw a dramatic decrease. The pace of growth appeared the most rapid in 2014 when the production volume increased by 14% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Spectacles And Goggles Exports

Exports from Finland

For the fifth year in a row, Finland recorded decline in shipments abroad of spectacles and goggles, which decreased by -17.8% to X units in 2021. Over the period under review, exports faced a dramatic setback. The growth pace was the most rapid in 2013 with an increase of 29% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, spectacles and goggles exports dropped sharply to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 51%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units), Estonia (X units) and Sweden (X units) were the main destinations of spectacles and goggles exports from Finland, with a combined 58% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +12.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for spectacles and goggles exported from Finland were Estonia ($X), Sweden ($X) and Russia ($X), with a combined 60% share of total exports. Norway, Lithuania, Latvia, the United States, the UK, France, Germany and the Netherlands lagged somewhat behind, together comprising a further 29%.

Lithuania, with a CAGR of +38.6%, saw the highest rates of growth with regard to the value of exports, among 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

In 2021, the average spectacles and goggles export price amounted to $X per unit, approximately equating the previous year. In general, the export price recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 108%. The export price peaked in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to the United States ($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 the UK (+46.1%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacles And Goggles Imports

Imports into Finland

In 2021, approx. X units of spectacles and goggles were imported into Finland; declining by -9.8% against the previous year. In general, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 198%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, spectacles and goggles imports rose remarkably to $X in 2021. Over the period under review, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 190%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Estonia (X units), Hungary (X units) and Poland (X units) were the main suppliers of spectacles and goggles imports to Finland, with a combined 61% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +170.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spectacles and goggles suppliers to Finland were Estonia ($X), Hungary ($X) and Sweden ($X), together comprising 76% of total imports.

Hungary, with a CAGR of +206.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spectacles and goggles import price stood at $X per unit in 2021, jumping by 27% against the previous year. Overall, the import price showed a strong increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 51%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in the immediate term.

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 Hungary ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Estonia (+23.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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