Scandinavia: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in Scandinavia

In 2021, the Scandinavia spectacles and goggles market was finally on the rise to reach $X after three years of decline. In general, consumption continues to indicate a strong increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Spectacles And Goggles Production in Scandinavia

In value terms, spectacles and goggles production rose notably to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 1,140%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Spectacles And Goggles Exports

Exports in Scandinavia

In 2021, overseas shipments of spectacles and goggles were finally on the rise to reach X units after eight years of decline. In general, exports, however, continue to indicate a deep setback. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, spectacles and goggles exports surged to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +81.5% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X units) and Denmark (X units) prevails in exports structure, together constituting 93% of total exports. The following exporters - Finland (X units) and Norway (X units) - together made up 7.4% of total exports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of -8.3%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Sweden ($X), Denmark ($X) and Finland ($X) were the countries with the highest levels of exports in 2021, with a combined 97% share of total exports.

In terms of the main exporting countries, Denmark, with a CAGR of +14.9%, recorded the highest growth rate of the value of exports, 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 unit in 2021, increasing by 27% against the previous year. Over the period under review, the export price saw significant growth. The pace of growth was the most pronounced in 2019 an increase of 45%. Over the period under review, the export prices attained the peak figure in 2021 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Sweden ($X per unit) and Denmark ($X per unit), while Norway ($X per unit) and Finland ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+29.0%), while the other leaders experienced more modest paces of growth.

Spectacles And Goggles Imports

Imports in Scandinavia

In 2021, purchases abroad of spectacles and goggles was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 75% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, spectacles and goggles imports skyrocketed to $X in 2021. Overall, imports continue to indicate a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Sweden (X units) represented the main importer of spectacles and goggles, creating 47% of total imports. Finland (X units) held a 27% share (based on physical terms) of total imports, which put it in second place, followed by Norway (14%) and Denmark (11%).

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +8.8%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest spectacles and goggles importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X), with a combined 84% share of total imports.

In terms of the main importing countries, Finland, with a CAGR of +18.4%, 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

In 2021, the import price in Scandinavia amounted to $X per unit, growing by 11% against the previous year. Over the period under review, the import price saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 an increase of 51%. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Norway ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+12.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform