Germany: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in Germany

In 2021, after two years of growth, there was significant decline in the German spectacles and goggles market, when its value decreased by -20.1% to $X. Overall, consumption continues to indicate a abrupt decrease. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Spectacles And Goggles Production in Germany

In value terms, spectacles and goggles production expanded markedly to $X in 2021 estimated in export price. Over the period under review, production saw a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 17% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Spectacles And Goggles Exports

Exports from Germany

In 2021, shipments abroad of spectacles and goggles decreased by -16.4% to X units, falling for the fourth year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 11% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, spectacles and goggles exports dropped modestly to $X in 2021. The total export value increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 16%. Over the period under review, the exports hit record highs at $X in 2020, and then contracted in the following year.

Exports by Country

Switzerland (X units), Austria (X units) and France (X units) were the main destinations of spectacles and goggles exports from Germany, together comprising 31% of total exports. The United States, Poland, Sweden, the UK, the Netherlands, Italy, Spain, the Czech Republic, Russia and Belgium lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of -10.8%), while the other leaders experienced a decline.

In value terms, Switzerland ($X), Austria ($X) and France ($X) appeared to be the largest markets for spectacles and goggles exported from Germany worldwide, with a combined 31% share of total exports. The United States, Poland, Sweden, the UK, the Netherlands, Italy, Spain, the Czech Republic, Russia and Belgium lagged somewhat behind, together comprising a further 41%.

The United States, with a CAGR of +13.5%, recorded the highest growth rate of the value of exports, in terms of 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

The average spectacles and goggles export price stood at $X per unit in 2021, jumping by 17% against the previous year. Overall, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 227% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Sweden ($X per unit) and Russia ($X per unit), while the average price for exports to the UK ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacles And Goggles Imports

Imports into Germany

In 2021, approx. X units of spectacles and goggles were imported into Germany; reducing by -26.8% compared with the previous year's figure. Overall, imports showed a deep contraction. The pace of growth was the most pronounced in 2016 with an increase of 80% against the previous year. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, spectacles and goggles imports reduced markedly to $X in 2021. In general, total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.0% 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 +12.6% against 2018 indices. The most prominent rate of growth was recorded in 2020 with an increase of 53%. As a result, imports attained the peak of $X, and then contracted remarkably in the following year.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and France (X units) were the main suppliers of spectacles and goggles imports to Germany, together comprising 60% of total imports. The Czech Republic, Italy, Poland, the Netherlands, the United States, the UK and Slovakia lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +29.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spectacles and goggles suppliers to Germany were China ($X), Taiwan (Chinese) ($X) and France ($X), together comprising 60% of total imports. These countries were followed by the Czech Republic, Italy, Poland, the Netherlands, the United States, the UK and Slovakia, which together accounted for a further 28%.

Poland, with a CAGR of +45.8%, 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, which is down by -2.9% against the previous year. Overall, the import price, however, recorded a strong expansion. The growth pace was the most rapid in 2018 an increase of 81% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then shrank slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Poland ($X per unit) and Italy ($X per unit), while the price for Slovakia ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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