Lithuania: Personal Spectacle Optics Market 2024

Personal Spectacle Optics Market Size in Lithuania

In 2022, the Lithuanian personal spectacle optics market decreased by X% to $X, falling for the fifth consecutive year after two years of growth. Over the period under review, consumption continues to indicate a abrupt slump. Personal spectacle optics consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Personal Spectacle Optics Production in Lithuania

In value terms, personal spectacle optics production stood at $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. Personal spectacle optics production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Personal Spectacle Optics Exports

Exports from Lithuania

In 2022, the amount of personal spectacle optics exported from Lithuania expanded modestly to X units, picking up by X% compared with the year before. Over the period under review, total exports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, personal spectacle optics exports contracted slightly to $X in 2022. In general, exports recorded strong growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

Russia (X units), Kazakhstan (X units) and Armenia (X units) were the main destinations of personal spectacle optics exports from Lithuania, together accounting for X% of total exports.

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

In value terms, Russia ($X) remains the key foreign market for personal spectacle optics exports from Lithuania, comprising X% of total exports. The second position in the ranking was held by Latvia ($X), with a X% share of total exports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

The average personal spectacle optics export price stood at $X per unit in 2022, dropping by X% against the previous year. Overall, the export price, however, posted buoyant growth. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit, and then declined in the following year.

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

Personal Spectacle Optics Imports

Imports into Lithuania

In 2022, overseas purchases of personal spectacle optics decreased by X% to X units, falling for the second consecutive year after three years of growth. Overall, imports recorded a slight reduction. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, personal spectacle optics imports shrank slightly to $X in 2022. In general, imports, however, recorded a prominent increase. The growth pace was the most rapid in 2016 with an increase of X%. Imports peaked at $X in 2021, and then shrank modestly in the following year.

Imports by Country

Poland (X units), Italy (X units) and China (X units) were the main suppliers of personal spectacle optics imports to Lithuania, together comprising X% of total imports. Germany, Austria, France, Latvia, the Netherlands, Estonia and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of personal spectacle optics to Lithuania, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by Latvia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Latvia (X% per year).

Import Prices by Country

In 2022, the average personal spectacle optics import price amounted to $X per unit, increasing by X% against the previous year. In general, the import price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform