Spain: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in Spain

The Spanish spectacles and goggles market fell sharply to $X in 2021, with a decrease of -20.1% against the previous year. Overall, consumption, however, showed a tangible expansion. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Spectacles And Goggles Production in Spain

In value terms, spectacles and goggles production rose to $X in 2021 estimated in export price. In general, production saw perceptible growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 71%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Spectacles And Goggles Exports

Exports from Spain

For the third consecutive year, Spain recorded decline in overseas shipments of spectacles and goggles, which decreased by -7% to X units in 2021. In general, exports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of 62% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, spectacles and goggles exports totaled $X in 2021. Overall, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by 88% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

From 2012 to 2021, the average annual rate of growth in terms of volume to No country was relatively modest.

In value terms, the largest markets for spectacles and goggles exported from Spain were Hong Kong SAR ($X), Chile ($X) and Switzerland ($X), with a combined 2.6% share of total exports. China, Tunisia, South Africa, Algeria, the Dominican Republic, Ukraine, India and Ecuador lagged somewhat behind, together accounting for a further 1.3%.

In terms of the main countries of destination, Tunisia, with a CAGR of +77.9%, 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 more modest paces of growth.

Export Prices by Country

The average spectacles and goggles export price stood at $X per unit in 2019, with an increase of 23% against the previous year. In general, export price indicated a notable increase from 2012 to 2019: its price increased at an average annual rate of +2.9% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, spectacles and goggles export price increased by +85.2% against 2015 indices. The growth pace was the most rapid in 2016 an increase of 48%. The export price peaked in 2019 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2019, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Chile (less than $X per unit) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (+81.7%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacles And Goggles Imports

Imports into Spain

In 2021, imports of spectacles and goggles into Spain fell remarkably to X units, waning by -18.5% against 2020 figures. Overall, imports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 100% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, spectacles and goggles imports reduced notably to $X in 2021. In general, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 when imports increased by 34% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020, and then reduced dramatically in the following year.

Imports by Country

From 2012 to 2021, the average annual growth rate of volume from No country was relatively modest.

In value terms, the largest spectacles and goggles suppliers to Spain were Italy ($X), China ($X) and France ($X), with a combined 73% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of +23.5%, recorded the highest growth rate of 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 2019, the average spectacles and goggles import price amounted to $X per unit, surging by 55% against the previous year. In general, the import price continues to indicate strong growth. The pace of growth was the most pronounced in 2018 when the average import price increased by 82%. Over the period under review, average import prices attained the peak figure in 2019 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2019, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Italy (+40.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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