Turkey: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in Turkey

In 2021, the Turkish spectacles and goggles market was finally on the rise to reach $X after four years of decline. Over the period under review, consumption, however, showed a abrupt downturn. Spectacles and goggles consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Spectacles And Goggles Exports

Exports from Turkey

In 2021, exports of spectacles and goggles from Turkey declined dramatically to X units, waning by -77.1% against the previous year's figure. Over the period under review, exports saw a abrupt downturn. The growth pace was the most rapid in 2020 when exports increased by 185% against the previous year. As a result, the exports attained the peak of X units, and then shrank significantly in the following year.

In value terms, spectacles and goggles exports reduced sharply to $X in 2021. In general, exports, however, showed temperate growth. The most prominent rate of growth was recorded in 2020 with an increase of 166% against the previous year. As a result, the exports reached the peak of $X, and then fell notably in the following year.

Exports by Country

Slovakia (X units) was the main destination for spectacles and goggles exports from Turkey, with a 21% share of total exports. Moreover, spectacles and goggles exports to Slovakia exceeded the volume sent to the second major destination, Ecuador (X units), threefold. The third position in this ranking was taken by Russia (X units), with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Slovakia totaled +163.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-1.3% per year) and Russia (-4.3% per year).

In value terms, the largest markets for spectacles and goggles exported from Turkey were South Korea ($X), Free Zones ($X) and Greece ($X), together comprising 19% of total exports. Switzerland, Bangladesh, Romania, Slovakia, Iraq, China, Turkmenistan, Russia, Ecuador and Germany lagged somewhat behind, together comprising a further 18%.

In terms of the main countries of destination, Slovakia, with a CAGR of +153.3%, 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

In 2021, the average spectacles and goggles export price amounted to $X per unit, growing by 71% against the previous year. Over the period under review, the export price continues to indicate significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Bangladesh ($X per unit), while the average price for exports to Ecuador ($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 Romania (+34.0%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacles And Goggles Imports

Imports into Turkey

In 2021, approx. X units of spectacles and goggles were imported into Turkey; shrinking by -48.4% compared with the previous year. Overall, imports faced a dramatic downturn. The pace of growth was the most pronounced in 2016 with an increase of 31% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, spectacles and goggles imports contracted modestly to $X in 2021. In general, imports showed a abrupt descent. The pace of growth was the most pronounced in 2014 with an increase of 15%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of spectacles and goggles to Turkey, accounting for a 77% share of total imports. Moreover, spectacles and goggles imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold. The third position in this ranking was held by Russia (X units), with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -23.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-19.6% per year) and Russia (+81.0% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and Germany ($X) appeared to be the largest spectacles and goggles suppliers to Turkey, together accounting for 47% of total imports. Russia and South Korea lagged somewhat behind, together comprising a further 0.6%.

Russia, with a CAGR of +58.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average spectacles and goggles import price stood at $X per unit in 2021, increasing by 91% against the previous year. In general, the import price enjoyed a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Taiwan (Chinese) ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+28.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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