Estonia: Spectacle Glass Lenses Market 2024

Spectacle Glass Lenses Market Size in Estonia

In 2022, the Estonian spectacle glass lenses market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption posted a significant increase. Spectacle glass lenses consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Spectacle Glass Lenses Production in Estonia

In value terms, spectacle glass lenses production stood at $X in 2022 estimated in export price. In general, production, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Spectacle Glass Lenses Exports

Exports from Estonia

In 2022, approx. X units of spectacle lenses of glass or other materials were exported from Estonia; with a decrease of X% compared with the previous year's figure. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, spectacle glass lenses exports contracted to $X in 2022. Over the period under review, exports, however, recorded a significant increase. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Finland (X units) was the main destination for spectacle glass lenses exports from Estonia, with a X% share of total exports. It was followed by Russia (X units), with a X% share of total exports.

From 2013 to 2022, the average annual growth rate of volume to Finland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Latvia (X% per year).

In value terms, Finland ($X) remains the key foreign market for spectacle lenses of glass or other materials exports from Estonia, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with less than X% share of total exports.

From 2013 to 2022, the average annual growth rate of value to Finland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Latvia (X% per year).

Export Prices by Country

In 2022, the average spectacle glass lenses export price amounted to $X per unit, rising by X% against the previous year. In general, the export price saw strong growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per unit), while the average price for exports to Russia ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (X%), while the prices for the other major destinations experienced mixed trend patterns.

Spectacle Glass Lenses Imports

Imports into Estonia

In 2022, purchases abroad of spectacle lenses of glass or other materials increased by X% to X units, rising for the second consecutive year after four years of decline. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, spectacle glass lenses imports contracted to $X in 2022. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of spectacle glass lenses to Estonia, with a X% share of total imports. Moreover, spectacle glass lenses imports from Germany exceeded the figures recorded by the second-largest supplier, Finland (X units), twofold. The third position in this ranking was held by France (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (X% per year) and France (X% per year).

In value terms, the largest spectacle glass lenses suppliers to Estonia were Germany ($X), Finland ($X) and France ($X), together comprising X% of total imports. Hungary, Lithuania, China and Italy lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Lithuania, with a CAGR of X%, 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 2022, the average spectacle glass lenses import price amounted to $X per unit, with a decrease of X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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