Hungary: Spectacle Glass Lenses Market 2024

Spectacle Glass Lenses Market Size in Hungary

The Hungarian spectacle glass lenses market skyrocketed to $X in 2022, growing by 657% against the previous year. Overall, consumption continues to indicate buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Spectacle Glass Lenses Production in Hungary

In value terms, spectacle glass lenses production reduced to $X in 2022 estimated in export price. Overall, production showed a temperate increase. The growth pace was the most rapid in 2019 with an increase of 46% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Spectacle Glass Lenses Exports

Exports from Hungary

In 2022, approx. X units of spectacle lenses of glass or other materials were exported from Hungary; growing by 4.7% compared with the previous year's figure. The total export volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 24%. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, spectacle glass lenses exports expanded rapidly to $X in 2022. The total export value increased at an average annual rate of +3.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 19% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X units), France (X units) and Italy (X units) were the main destinations of spectacle glass lenses exports from Hungary, with a combined 52% share of total exports. The UK, Spain, the Netherlands, Portugal, Ireland, the Czech Republic, Poland and Romania lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +27.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spectacle glass lenses exported from Hungary were Germany ($X), France ($X) and the UK ($X), with a combined 41% share of total exports. Italy, the Netherlands, Spain, Poland, Romania, Ireland, Portugal and the Czech Republic lagged somewhat behind, together accounting for a further 29%.

Ireland, with a CAGR of +32.4%, recorded 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

The average spectacle glass lenses export price stood at $X per unit in 2022, surging by 6.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2020 an increase of 11% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Portugal ($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 Ireland (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Glass Lenses Imports

Imports into Hungary

In 2022, supplies from abroad of spectacle lenses of glass or other materials increased by 76% to X units, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +98.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, spectacle glass lenses imports surged to $X in 2022. In general, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of spectacle glass lenses to Hungary, accounting for a 38% share of total imports. Moreover, spectacle glass lenses imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), twofold. The third position in this ranking was held by Mexico (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+14.7% per year) and Mexico (+8.2% per year).

In value terms, China ($X) constituted the largest supplier of spectacle lenses of glass or other materials to Hungary, comprising 26% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by Vietnam, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.3% per year) and Vietnam (+8.5% per year).

Import Prices by Country

In 2022, the average spectacle glass lenses import price amounted to $X per unit, reducing by -17.2% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 32% against the previous year. The import price peaked at $X per unit in 2021, and then contracted markedly 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 Germany ($X per unit), while the price for Mexico ($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 United States (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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