Italy: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in Italy

In 2021, after two years of growth, there was decline in the Italian spectacles and goggles market, when its value decreased by -0.9% to $X. Overall, consumption, however, showed a abrupt slump. Spectacles and goggles consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Spectacles And Goggles Production in Italy

In value terms, spectacles and goggles production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, saw a mild setback. The most prominent rate of growth was recorded in 2019 when the production volume increased by 56% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Spectacles And Goggles Exports

Exports from Italy

In 2021, approx. X units of spectacles and goggles were exported from Italy; waning by -13.6% against the previous year. In general, exports recorded a dramatic contraction. The most prominent rate of growth was recorded in 2018 with an increase of 15%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, spectacles and goggles exports soared to $X in 2021. Overall, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), the UK (X units) and France (X units) were the main destinations of spectacles and goggles exports from Italy, together accounting for 50% of total exports. Norway, Germany, Spain, the United Arab Emirates, Sweden, Hong Kong SAR, Switzerland and Turkey lagged somewhat behind, together accounting for a further 26%.

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 Arab Emirates (with a CAGR of -0.7%), while the other leaders experienced a decline.

In value terms, the largest markets for spectacles and goggles exported from Italy were the United States ($X), the UK ($X) and Norway ($X), together comprising 51% of total exports.

Norway, with a CAGR of +33.9%, recorded the highest rates of growth with regard to 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, rising by 74% against the previous year. Over the period under review, the export price recorded a significant increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 77%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to the United Arab Emirates ($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 Norway (+39.2%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacles And Goggles Imports

Imports into Italy

In 2021, the amount of spectacles and goggles imported into Italy fell to X units, declining by -2.4% compared with the previous year's figure. Overall, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when imports increased by 86% against the previous year. Over the period under review, imports reached 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 dropped to $X in 2021. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +89.6% against 2013 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 21% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2021, China (X units) constituted the largest supplier of spectacles and goggles to Italy, accounting for a 56% share of total imports. Moreover, spectacles and goggles imports from China exceeded the figures recorded by the second-largest supplier, France (X units), fivefold. Spain (X units) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-2.8% per year) and Spain (+22.4% per year).

In value terms, China ($X) constituted the largest supplier of spectacles and goggles to Italy, comprising 56% of total imports. The second position in the ranking was held by France ($X), with an 11% share of total imports. It was followed by Spain, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+9.1% per year) and Spain (+37.4% per year).

Import Prices by Country

The average spectacles and goggles import price stood at $X per unit in 2021, falling by -2.9% against the previous year. Overall, the import price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 82% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2020, and then reduced in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the United States ($X per unit) and China ($X per unit), while the price for the UK ($X per unit) and France ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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