Kazakhstan: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in Kazakhstan

The Kazakh spectacles and goggles market surged to $X in 2021, with an increase of 59% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a resilient increase. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Spectacles And Goggles Exports

Exports from Kazakhstan

In 2021, after four years of growth, there was significant decline in shipments abroad of spectacles and goggles, when their volume decreased by -91.7% to X units. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 2,801%. As a result, the exports reached the peak of X units, and then reduced rapidly in the following year.

In value terms, spectacles and goggles exports declined rapidly to $X in 2021. Overall, exports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 859% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then shrank remarkably in the following year.

Exports by Country

China (X units) was the main destination for spectacles and goggles exports from Kazakhstan, with a 90% share of total exports. Moreover, spectacles and goggles exports to China exceeded the volume sent to the second major destination, Russia (X units), more than tenfold. Turkey (X units) ranked third in terms of total exports with a 2% share.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +110.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+11.4% per year) and Turkey (+52.6% per year).

In value terms, China ($X) remains the key foreign market for spectacles and goggles exports from Kazakhstan, comprising 55% of total exports. The second position in the ranking was held by Russia ($X), with a 21% share of total exports. It was followed by Turkey, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to +121.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+19.2% per year) and Turkey (+71.5% per year).

Export Prices by Country

The average spectacles and goggles export price stood at $X per unit in 2021, increasing by 35% against the previous year. Overall, the export price, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2015 an increase of 187%. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to China ($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 Turkey (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacles And Goggles Imports

Imports into Kazakhstan

In 2021, spectacles and goggles imports into Kazakhstan surged to X units, picking up by 18% against the year before. Overall, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 571% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, spectacles and goggles imports surged to $X in 2021. In general, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 512%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest spectacles and goggles supplier to Kazakhstan, accounting for a 80% share of total imports. Moreover, spectacles and goggles imports from China exceeded the figures recorded by the second-largest supplier, Russia (X units), fivefold. Germany (X units) ranked third in terms of total imports with a 1.6% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +21.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+13.0% per year) and Germany (+5.8% per year).

In value terms, China ($X) constituted the largest supplier of spectacles and goggles to Kazakhstan, comprising 63% of total imports. The second position in the ranking was held by Russia ($X), with a 12% share of total imports. It was followed by Germany, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +22.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+2.2% per year) and Germany (+12.9% per year).

Import Prices by Country

The average spectacles and goggles import price stood at $X per unit in 2021, picking up by 79% against the previous year. In general, the import price, however, recorded a pronounced contraction. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Russia ($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 (+6.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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