Luxembourg: Spectacles And Goggles Market 2022

Spectacles And Goggles Market Size in Luxembourg

In 2021, after two years of growth, there was decline in the Luxembourg spectacles and goggles market, when its value decreased by -X% to $X. In general, consumption, however, posted a resilient expansion. Over the period under review, the market attained the maximum level at $X in 2020, and then dropped in the following year.

Spectacles And Goggles Exports

Exports from Luxembourg

In 2021, the amount of spectacles and goggles exported from Luxembourg dropped markedly to X units, with a decrease of -X% on the previous year's figure. Over the period under review, exports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, spectacles and goggles exports soared to $X in 2021. Overall, exports showed a abrupt descent. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X units), Spain (X units) and Belgium (X units) were the main destinations of spectacles and goggles exports from Luxembourg, with a combined X% share of total exports. Malaysia, Germany, Saudi Arabia and the Netherlands lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Spain ($X) and France ($X) were the largest markets for spectacles and goggles exported from Luxembourg worldwide, together accounting for X% of total exports. Saudi Arabia, Malaysia, Germany and the Netherlands lagged somewhat behind, together accounting for a further X Arabia, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average spectacles and goggles export price amounted to $X per unit, rising by X% against the previous year. In general, the export price, however, saw a noticeable decline. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Germany ($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 Saudi Arabia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacles And Goggles Imports

Imports into Luxembourg

In 2021, the amount of spectacles and goggles imported into Luxembourg shrank to X units, declining by -X% on 2020. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, spectacles and goggles imports contracted modestly to $X in 2021. In general, imports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X units), Belgium (X units) and France (X units) were the main suppliers of spectacles and goggles imports to Luxembourg, with a combined X% share of total imports. The Netherlands, China and Italy lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of spectacles and goggles to Luxembourg, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with an X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and France (+X% per year).

Import Prices by Country

In 2021, the average spectacles and goggles import price amounted to $X per unit, surging by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2016 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

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

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

Source: IndexBox Market Intelligence Platform

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