Austria: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in Austria

After three years of decline, the Austrian spectacles and goggles market increased by X% to $X in 2023. In general, consumption, however, recorded a pronounced decline. Spectacles and goggles consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Spectacles And Goggles Production in Austria

In value terms, spectacles and goggles production soared to $X in 2023 estimated in export price. Overall, production showed a perceptible slump. Spectacles and goggles production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Spectacles And Goggles Exports

Exports from Austria

In 2023, overseas shipments of spectacles and goggles increased by X% to X units, rising for the second consecutive year after seven years of decline. In general, exports, however, showed a deep slump. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2023, the growth of the exports failed to regain momentum.

In value terms, spectacles and goggles exports surged to $X in 2023. Over the period under review, total exports indicated a resilient increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The exports peaked in 2023 and are expected to retain growth in the immediate term.

Exports by Country

Belgium (X units), Germany (X units) and the Czech Republic (X units) were the main destinations of spectacles and goggles exports from Austria, with a combined X% share of total exports. Italy, France, the United States, Poland, Switzerland, Hungary, Slovakia, Slovenia, Denmark and Spain lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X), Germany ($X) and France ($X) constituted the largest markets for spectacles and goggles exported from Austria worldwide, together comprising X% of total exports. Italy, Switzerland, Poland, the Czech Republic, Spain, the United States, Slovakia, Denmark, Slovenia and Hungary lagged somewhat behind, together comprising a further X%.

Denmark, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average spectacles and goggles export price amounted to $X per unit, jumping by X% against the previous year. In general, the export price saw a significant increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. The export price peaked in 2023 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Hungary ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacles And Goggles Imports

Imports into Austria

In 2023, purchases abroad of spectacles and goggles increased by X% to X units for the first time since 2020, thus ending a two-year declining trend. In general, imports, however, showed a deep contraction. Imports peaked at X units in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, spectacles and goggles imports skyrocketed to $X in 2023. Overall, total imports indicated a measured increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Germany (X units), China (X units) and Taiwan (Chinese) (X units) were the main suppliers of spectacles and goggles imports to Austria, together accounting for X% of total imports. Italy, Slovakia, Belgium, France, the Czech Republic, Poland and Romania lagged somewhat behind, together comprising a further X%.

From 2020 to 2023, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

From 2020 to 2023, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Italy (X% per year).

Import Prices by Country

The average spectacles and goggles import price stood at $X per unit in 2023, rising by X% against the previous year. Over the last three years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2022 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

From 2020 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform