Finland: Spectacle Glass Lenses Market 2024

Spectacle Glass Lenses Market Size in Finland

In 2022, the Finnish spectacle glass lenses market increased by 4.9% to $X, rising for the third year in a row after five years of decline. Overall, consumption, however, saw a deep reduction. Spectacle glass lenses consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Spectacle Glass Lenses Production in Finland

In value terms, spectacle glass lenses production soared to $X in 2022 estimated in export price. In general, production, however, saw a deep reduction. Spectacle glass lenses production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Spectacle Glass Lenses Exports

Exports from Finland

In 2022, exports of spectacle lenses of glass or other materials from Finland reduced slightly to X units, leveling off at the previous year. In general, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by 918%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, spectacle glass lenses exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 367% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Estonia (X units) was the main destination for spectacle glass lenses exports from Finland, with a 97% share of total exports. It was followed by Iceland (X units), with a 1.6% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Estonia stood at +16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (+8.5% per year) and Singapore (-60.9% per year).

In value terms, Estonia ($X) remains the key foreign market for spectacle lenses of glass or other materials exports from Finland, comprising 65% of total exports. The second position in the ranking was taken by Iceland ($X), with a 4.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Estonia amounted to +17.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (+6.8% per year) and Singapore (-55.9% per year).

Export Prices by Country

The average spectacle glass lenses export price stood at $X per unit in 2022, rising by 31% against the previous year. Overall, the export price posted a mild expansion. The pace of growth appeared the most rapid in 2015 an increase of 79% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Estonia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+12.9%), while the prices for the other major destinations experienced mixed trend patterns.

Spectacle Glass Lenses Imports

Imports into Finland

In 2022, supplies from abroad of spectacle lenses of glass or other materials increased by 25% to X units, rising for the second consecutive year after five years of decline. In general, imports, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2014 with an increase of 25%. Over the period under review, imports reached the peak figure at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, spectacle glass lenses imports declined to $X in 2022. Overall, imports, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X units) constituted the largest supplier of spectacle glass lenses to Finland, accounting for a 70% share of total imports. Moreover, spectacle glass lenses imports from Thailand exceeded the figures recorded by the second-largest supplier, Poland (X units), fivefold. Germany (X units) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand amounted to +31.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+15.8% per year) and Germany (-12.8% per year).

In value terms, Thailand ($X) constituted the largest supplier of spectacle lenses of glass or other materials to Finland, comprising 52% of total imports. The second position in the ranking was held by Poland ($X), with a 24% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand amounted to +26.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+10.5% per year) and Germany (-8.8% per year).

Import Prices by Country

The average spectacle glass lenses import price stood at $X per unit in 2022, shrinking by -26.9% against the previous year. In general, the import price showed a mild descent. The pace of growth was the most pronounced in 2016 when the average import price increased by 19% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2021, and then reduced sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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