Slovakia: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in Slovakia

In 2021, after four years of decline, there was growth in the Slovak spectacles and goggles market, when its value increased by 2.1% to $X. Over the period under review, consumption, however, recorded a significant decrease. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Spectacles And Goggles Production in Slovakia

In value terms, spectacles and goggles production fell dramatically to $X in 2021 estimated in export price. In general, production, however, continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2016 with an increase of 203%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Spectacles And Goggles Exports

Exports from Slovakia

In 2021, overseas shipments of spectacles and goggles increased by 48% to X units, rising for the second consecutive year after three years of decline. In general, exports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 93%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, spectacles and goggles exports totaled $X in 2021. Over the period under review, exports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2016 with an increase of 41%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X units), Germany (X units) and France (X units) were the main destinations of spectacles and goggles exports from Slovakia, together comprising 78% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +17.5%), while shipments for the other leaders experienced a decline.

In value terms, Germany ($X), the Czech Republic ($X) and France ($X) were the largest markets for spectacles and goggles exported from Slovakia worldwide, together accounting for 73% of total exports.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +17.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average spectacles and goggles export price amounted to $X per unit, declining by -29% against the previous year. Over the period under review, the export price continues to indicate a mild descent. The most prominent rate of growth was recorded in 2013 when the average export price increased by 39%. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to the Czech Republic ($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 Poland (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacles And Goggles Imports

Imports into Slovakia

In 2021, overseas purchases of spectacles and goggles increased by 2.7% to X units, rising for the second consecutive year after three years of decline. Overall, imports, however, saw a sharp shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 517%. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, spectacles and goggles imports dropped to $X in 2021. In general, imports, however, recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 26% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Austria (X units) constituted the largest spectacles and goggles supplier to Slovakia, with a 70% share of total imports. Moreover, spectacles and goggles imports from Austria exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), sevenfold. Germany (X units) ranked third in terms of total imports with a 4% share.

From 2012 to 2021, the average annual growth rate of volume from Austria totaled +40.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-13.4% per year) and Germany (-10.1% per year).

In value terms, the largest spectacles and goggles suppliers to Slovakia were Germany ($X), the Czech Republic ($X) and Hungary ($X), with a combined 67% share of total imports. These countries were followed by France, Austria, Poland, China, Thailand, Turkey and South Korea, which together accounted for a further 21%.

Turkey, with a CAGR of +170.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spectacles and goggles import price stood at $X per unit in 2021, falling by -5.4% against the previous year. Over the period under review, the import price, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2013 when the average import price increased by 397%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+52.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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