Ukraine: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in Ukraine

In 2021, the Ukrainian spectacles and goggles market increased by 3.6% to $X, rising for the sixth consecutive year after two years of decline. In general, consumption saw a relatively flat trend pattern. Spectacles and goggles consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Spectacles And Goggles Production in Ukraine

In value terms, spectacles and goggles production amounted to $X in 2021 estimated in export price. Over the period under review, production faced a abrupt setback. The pace of growth was the most pronounced in 2018 when the production volume increased by 14% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Spectacles And Goggles Exports

Exports from Ukraine

In 2021, overseas shipments of spectacles and goggles increased by 6% to X units, rising for the second consecutive year after two years of decline. In general, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 313% against the previous year. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, spectacles and goggles exports reduced to $X in 2021. Over the period under review, exports recorded a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 609%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for spectacles and goggles exports from Ukraine, with a 34% share of total exports. Moreover, spectacles and goggles exports to China exceeded the volume sent to the second major destination, Moldova (X units), twofold. The third position in this ranking was held by Libya (X units), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +90.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (-16.1% per year) and Libya (+69.4% per year).

In value terms, China ($X) remains the key foreign market for spectacles and goggles exports from Ukraine, comprising 36% of total exports. The second position in the ranking was taken by Moldova ($X), with a 17% share of total exports. It was followed by Libya, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +131.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+0.7% per year) and Libya (+104.0% per year).

Export Prices by Country

In 2021, the average spectacles and goggles export price amounted to $X per unit, waning by -10.7% against the previous year. Overall, the export price, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 72%. As a result, the export price reached the peak level of $X per unit, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($X per unit), while the average price for exports to Canada ($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 Turkmenistan (+35.2%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacles And Goggles Imports

Imports into Ukraine

In 2021, overseas purchases of spectacles and goggles increased by 5.6% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2013 when imports increased by 35% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, spectacles and goggles imports rose modestly to $X in 2021. Overall, imports recorded a perceptible expansion. The growth pace was the most rapid in 2017 with an increase of 48% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

China (X units), Germany (X units) and Poland (X units) were the main suppliers of spectacles and goggles imports to Ukraine, with a combined 64% share of total imports. Hong Kong SAR, Malaysia, Taiwan (Chinese), Italy and Russia lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +61.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of spectacles and goggles to Ukraine, comprising 44% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 10% share of total imports. It was followed by Germany, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+5.6% per year) and Germany (+3.1% per year).

Import Prices by Country

In 2021, the average spectacles and goggles import price amounted to $X per unit, reducing by -2.8% against the previous year. In general, the import price, however, continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2020 an increase of 41% against the previous year. As a result, import price reached the peak level of $X per unit, and then fell in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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