Greece: Spectacle Glass Lenses Market 2024

Spectacle Glass Lenses Market Size in Greece

The Greek spectacle glass lenses market reduced to $X in 2022, which is down by -6.4% against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Spectacle glass lenses consumption peaked at $X in 2021, and then contracted in the following year.

Spectacle Glass Lenses Production in Greece

In value terms, spectacle glass lenses production soared to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild setback. Spectacle glass lenses production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Spectacle Glass Lenses Exports

Exports from Greece

Spectacle glass lenses exports from Greece contracted dramatically to X units in 2022, which is down by -23.3% against the previous year. In general, exports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2013 when exports increased by 92% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, spectacle glass lenses exports contracted sharply to $X in 2022. Overall, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 45% against the previous year. The exports peaked at $X in 2021, and then reduced sharply in the following year.

Exports by Country

Cyprus (X units), Portugal (X units) and France (X units) were the main destinations of spectacle glass lenses exports from Greece, with a combined 57% share of total exports. Albania, Spain, Australia, the Netherlands, Italy and Germany lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +131.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spectacle glass lenses exported from Greece were Cyprus ($X), Portugal ($X) and Spain ($X), together accounting for 57% of total exports. France, the Netherlands, Germany, Albania, Italy and Australia lagged somewhat behind, together accounting for a further 35%.

In terms of the main countries of destination, Australia, with a CAGR of +134.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average spectacle glass lenses export price stood at $X per unit in 2022, increasing by 7.8% against the previous year. In general, the export price, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 21%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Albania ($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 Spain (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Glass Lenses Imports

Imports into Greece

In 2022, approx. X units of spectacle lenses of glass or other materials were imported into Greece; which is down by -6% on the previous year. The total import volume increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 35% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, spectacle glass lenses imports fell to $X in 2022. The total import value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when imports increased by 18% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of spectacle glass lenses to Greece, accounting for a 63% share of total imports. Moreover, spectacle glass lenses imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The third position in this ranking was held by Hungary (X units), with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.8% per year) and Hungary (+12.6% per year).

In value terms, Italy ($X), China ($X) and Hungary ($X) appeared to be the largest spectacle glass lenses suppliers to Greece, together accounting for 78% of total imports. The Czech Republic, France and Germany lagged somewhat behind, together comprising a further 14%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +9.6%, 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 average spectacle glass lenses import price stood at $X per unit in 2022, reducing by -2.8% against the previous year. In general, the import price recorded a mild reduction. The growth pace was the most rapid in 2017 an increase of 16% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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