Portugal: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in Portugal

In 2021, after two years of decline, there was significant growth in the Portuguese spectacles and goggles market, when its value increased by 29% to $X. In general, consumption saw a strong expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Spectacles And Goggles Exports

Exports from Portugal

In 2021, approx. X units of spectacles and goggles were exported from Portugal; falling by -69.8% compared with 2020. In general, exports saw a dramatic descent. The most prominent rate of growth was recorded in 2020 when exports increased by 222%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, spectacles and goggles exports declined rapidly to $X in 2021. Over the period under review, exports recorded a perceptible setback. The pace of growth appeared the most rapid in 2020 with an increase of 226%. As a result, the exports reached the peak of $X, and then contracted sharply in the following year.

Exports by Country

The UK (X units) was the main destination for spectacles and goggles exports from Portugal, accounting for a 27% share of total exports. Moreover, spectacles and goggles exports to the UK exceeded the volume sent to the second major destination, Angola (X units), twofold. The third position in this ranking was taken by Spain (X units), with an 8.9% share.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled +34.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-24.6% per year) and Spain (-26.4% per year).

In value terms, the UK ($X) emerged as the key foreign market for spectacles and goggles exports from Portugal, comprising 39% of total exports. The second position in the ranking was held by Angola ($X), with an 11% share of total exports. It was followed by Australia, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value to the UK totaled +55.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-5.6% per year) and Australia (+59.5% per year).

Export Prices by Country

The average spectacles and goggles export price stood at $X per unit in 2021, picking up by 118% against the previous year. In general, the export price enjoyed a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 the UK ($X per unit), while the average price for exports to France ($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 Angola (+25.1%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacles And Goggles Imports

Imports into Portugal

In 2021, purchases abroad of spectacles and goggles decreased by -5.6% to X units, falling for the third consecutive year after three years of growth. In general, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2016 with an increase of 189%. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, spectacles and goggles imports declined significantly to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 56%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), the Netherlands (X units) and Spain (X units) were the main suppliers of spectacles and goggles imports to Portugal, with a combined 52% share of total imports. Taiwan (Chinese), France, Italy, Israel, the UK and Germany lagged somewhat behind, together comprising a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Israel (with a CAGR of +83.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of spectacles and goggles to Portugal, comprising 33% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.7% per year) and the Netherlands (+24.9% per year).

Import Prices by Country

The average spectacles and goggles import price stood at $X per unit in 2021, falling by -28.8% against the previous year. In general, the import price, however, showed a buoyant increase. The growth pace was the most rapid in 2019 an increase of 135%. Over the period under review, average import prices reached the maximum at $X per unit in 2020, and then dropped markedly 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 Israel (less than $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 (+42.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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