Ireland: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in Ireland

After two years of growth, the Irish spectacles and goggles market decreased by -60.9% to $X in 2021. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then declined markedly in the following year.

Spectacles And Goggles Production in Ireland

In value terms, spectacles and goggles production amounted to $X in 2021 estimated in export price. In general, production recorded a abrupt descent. The pace of growth appeared the most rapid in 2016 with an increase of 416%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Spectacles And Goggles Exports

Exports from Ireland

In 2021, overseas shipments of spectacles and goggles increased by 111% to X units, rising for the second consecutive year after three years of decline. Overall, exports enjoyed a notable expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 223% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, spectacles and goggles exports skyrocketed to $X in 2021. In general, exports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 228%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X units) was the main destination for spectacles and goggles exports from Ireland, with a 70% share of total exports. Moreover, spectacles and goggles exports to the UK exceeded the volume sent to the second major destination, Germany (X units), fivefold. The third position in this ranking was taken by Belgium (X units), with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at +22.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+0.8% per year) and Belgium (+15.9% per year).

In value terms, the UK ($X) emerged as the key foreign market for spectacles and goggles exports from Ireland, comprising 67% of total exports. The second position in the ranking was held by Spain ($X), with an 8.4% share of total exports. It was followed by the United States, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK amounted to +40.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+5.1% per year) and the United States (+47.8% per year).

Export Prices by Country

The average spectacles and goggles export price stood at $X per unit in 2021, growing by 6% against the previous year. Overall, the export price enjoyed a resilient expansion. The pace of growth was the most pronounced in 2019 an increase of 83%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a lower figure.

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 Sweden ($X per unit), while the average price for exports to Belgium ($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 Sweden (+58.0%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacles And Goggles Imports

Imports into Ireland

In 2021, spectacles and goggles imports into Ireland dropped sharply to X units, with a decrease of -47.3% against the previous year. Over the period under review, imports, however, continue to indicate temperate growth. The growth pace was the most rapid in 2020 when imports increased by 239%. As a result, imports attained the peak of X units, and then fell dramatically in the following year.

In value terms, spectacles and goggles imports shrank sharply to $X in 2021. In general, imports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of 265%. As a result, imports reached the peak of $X, and then reduced markedly in the following year.

Imports by Country

In 2021, Taiwan (Chinese) (X units) constituted the largest spectacles and goggles supplier to Ireland, accounting for a 32% share of total imports. Moreover, spectacles and goggles imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The Netherlands (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) stood at +26.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.3% per year) and the Netherlands (+32.1% per year).

In value terms, China ($X), the Netherlands ($X) and the UK ($X) appeared to be the largest spectacles and goggles suppliers to Ireland, with a combined 70% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +44.4%, recorded the highest rates of growth with regard to 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

In 2021, the average spectacles and goggles import price amounted to $X per unit, falling by -34.2% against the previous year. Overall, the import price, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 101%. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then declined remarkably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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