Scandinavia: Spectacle Glass Lenses Market 2022

Spectacle Glass Lenses Market Size in Scandinavia

The Scandinavia spectacle glass lenses market expanded notably to $X in 2021, increasing by 11% against the previous year. In general, consumption showed a strong increase. The level of consumption peaked in 2021 and is likely to continue growth in the immediate term.

Spectacle Glass Lenses Production in Scandinavia

In value terms, spectacle glass lenses production plummeted to $X in 2021 estimated in export price. Overall, production showed buoyant growth. The growth pace was the most rapid in 2015 when the production volume increased by 192% against the previous year. The level of production peaked at $X in 2020, and then declined sharply in the following year.

Spectacle Glass Lenses Exports

Exports in Scandinavia

In 2021, shipments abroad of spectacle lenses of glass or other materials decreased by -11.3% to X tons, falling for the second consecutive year after two years of growth. Total exports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -22.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 56% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, spectacle glass lenses exports reduced to $X in 2021. In general, exports saw a abrupt descent. The growth pace was the most rapid in 2013 with an increase of 24% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Denmark represented the key exporting country with an export of around X tons, which amounted to 77% of total exports. Finland (X tons) held the second position in the ranking, followed by Sweden (X tons). All these countries together held near 23% share of total exports.

Denmark was also the fastest-growing in terms of the spectacle lenses of glass or other materials exports, with a CAGR of +38.1% from 2012 to 2021. At the same time, Finland (+13.3%) displayed positive paces of growth. By contrast, Sweden (-18.5%) illustrated a downward trend over the same period. Denmark (+71 p.p.) and Finland (+7 p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by -76.8% from 2012 to 2021, respectively.

In value terms, Sweden ($X), Finland ($X) and Denmark ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 100% share of total exports.

Denmark, with a CAGR of +25.0%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, with an increase of 6% against the previous year. In general, the export price, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 an increase of 42%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Sweden ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+8.0%), while the other leaders experienced mixed trends in the export price figures.

Spectacle Glass Lenses Imports

Imports in Scandinavia

In 2021, purchases abroad of spectacle lenses of glass or other materials increased by 2.5% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 10% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, spectacle glass lenses imports reached $X in 2021. Over the period under review, imports, however, saw a pronounced downturn. The growth pace was the most rapid in 2014 with an increase of 6% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Denmark (X tons), Norway (X tons) and Sweden (X tons) represented roughly 86% of total imports in 2021. It was distantly followed by Finland (X tons), generating a 12% share of total imports. Iceland (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were in Norway (with a CAGR of +5.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spectacle glass lenses importing markets in Scandinavia were Denmark ($X), Sweden ($X) and Finland ($X), with a combined 83% share of total imports. These countries were followed by Norway and Iceland, which together accounted for a further 17%.

Among the main importing countries, Norway, with a CAGR of +3.5%, 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

The import price in Scandinavia stood at $X per ton in 2021, growing by 2.6% against the previous year. Over the period under review, the import price, however, showed a noticeable decline. The pace of growth appeared the most rapid in 2017 an increase of 5.2% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iceland (+0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform