Europe: Personal Spectacle Optics Market 2023

Personal Spectacle Optics Market Size in Europe

After two years of growth, the Europe personal spectacle optics market decreased by -11.9% to $X in 2021. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2020, and then fell in the following year.

Personal Spectacle Optics Production in Europe

In value terms, personal spectacle optics production reached $X in 2021 estimated in export price. Over the period under review, production, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2019 when the production volume increased by 22% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Personal Spectacle Optics Exports

Exports in Europe

In 2021, overseas shipments of personal spectacle optics increased by 20% to X units, rising for the second year in a row after two years of decline. Total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +98.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 66% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, personal spectacle optics exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X units) and the Netherlands (X units) represented roughly 45% of total exports in 2021. Germany (X units) took a 10% share (based on physical terms) of total exports, which put it in second place, followed by France (8.5%) and Denmark (4.7%). Belarus (X units), Slovakia (X units), Spain (X units), Belgium (X units), Poland (X units), the Czech Republic (X units) and Greece (X units) held a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belarus (with a CAGR of +99.0%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the largest personal spectacle optics supplier in Europe, comprising 61% of total exports. The second position in the ranking was taken by Germany ($X), with a 9% share of total exports. It was followed by France, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value in Italy totaled +3.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+5.5% per year) and France (+2.6% per year).

Export Prices by Country

In 2021, the export price in Europe amounted to $X per unit, surging by 13% against the previous year. Overall, the export price, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2018 an increase of 41% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Italy ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+8.5%), while the other leaders experienced more modest paces of growth.

Personal Spectacle Optics Imports

Imports in Europe

In 2021, purchases abroad of personal spectacle optics decreased by -32.2% to X units for the first time since 2014, thus ending a six-year rising trend. The total import volume increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 36%. As a result, imports reached the peak of X units, and then reduced sharply in the following year.

In value terms, personal spectacle optics imports reduced modestly to $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 13% against the previous year. The level of import peaked at $X in 2020, and then shrank slightly in the following year.

Imports by Country

In 2021, Germany (X units), Italy (X units), Spain (X units), the UK (X units), France (X units), Russia (X units) and the Netherlands (X units) was the main importer of personal spectacle optics in Europe, creating 66% of total import. Poland (X units), Belgium (X units), Belarus (X units), Sweden (X units), Greece (X units) and Denmark (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Belarus (with a CAGR of +45.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), France ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2021, with a combined 42% share of total imports. These countries were followed by the UK, Spain, the Netherlands, Sweden, Poland, Belgium, Russia, Denmark, Greece and Belarus, which together accounted for a further 37%.

Among the main importing countries, Belarus, with a CAGR of +12.4%, saw the highest rates of growth with regard to 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 import price in Europe stood at $X per unit in 2021, surging by 42% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was France ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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