Sweden: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in Sweden

In 2021, the Swedish spectacles and goggles market increased by 53% to $X for the first time since 2016, thus ending a four-year declining trend. Overall, consumption saw buoyant growth. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Spectacles And Goggles Production in Sweden

In value terms, spectacles and goggles production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2016 when the production volume increased by 1,163%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Spectacles And Goggles Exports

Exports from Sweden

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, saw a deep contraction. The exports peaked 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 soared to $X in 2021. The total export value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Norway (X units), Finland (X units) and Poland (X units) were the main destinations of spectacles and goggles exports from Sweden, with a combined 49% share of total exports. These countries were followed by Denmark, Germany, Switzerland, Austria, France, the UK, Thailand, Saudi Arabia, the United States and Italy, which together accounted for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +22.0%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) remains the key foreign market for spectacles and goggles exports from Sweden, comprising 32% of total exports. The second position in the ranking was held by Finland ($X), with a 14% share of total exports. It was followed by Poland, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Norway amounted to +8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+1.7% per year) and Poland (+14.2% per year).

Export Prices by Country

In 2021, the average spectacles and goggles export price amounted to $X per unit, increasing by 28% against the previous year. Over the period under review, the export price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 46%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to Saudi Arabia ($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 Austria (+37.8%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacles And Goggles Imports

Imports into Sweden

In 2021, the amount of spectacles and goggles imported into Sweden soared to X units, increasing by 76% against the previous year's figure. Over the period under review, total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when imports increased by 88%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, spectacles and goggles imports surged to $X in 2021. In general, imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2019 when imports increased by 82% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

France (X units), Hungary (X units) and Taiwan (Chinese) (X units) were the main suppliers of spectacles and goggles imports to Sweden, with a combined 71% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +48.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Germany ($X) and France ($X) appeared to be the largest spectacles and goggles suppliers to Sweden, together comprising 66% of total imports.

In terms of the main suppliers, Hungary, with a CAGR of +60.3%, saw 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

The average spectacles and goggles import price stood at $X per unit in 2021, with a decrease of -20.1% against the previous year. Over the period under review, the import price, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2018 when the average import price increased by 90% against the previous year. The import price peaked at $X per unit in 2020, and then declined remarkably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+35.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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