CIS: Personal Spectacle Optics Market 2024

Personal Spectacle Optics Market Size in CIS

The CIS personal spectacle optics market skyrocketed to $X in 2023, growing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible curtailment. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Personal Spectacle Optics Production in CIS

In value terms, personal spectacle optics production reached $X in 2023 estimated in export price. Overall, production continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Personal Spectacle Optics Exports

Exports in CIS

In 2023, exports of personal spectacle optics in the CIS declined to X units, shrinking by X% on the previous year's figure. Overall, exports, however, saw tangible growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, personal spectacle optics exports surged to $X in 2023. Over the period under review, exports, however, posted a prominent increase. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

Russia represented the major exporting country with an export of about X units, which amounted to X% of total exports. Belarus (X units) took the second position in the ranking, followed by Armenia (X units). All these countries together took approx. X% share of total exports. The following exporters - Uzbekistan (X units) and Kyrgyzstan (X units) - each accounted for a X% share of total exports.

Exports from Russia increased at an average annual rate of X% from 2012 to 2023. At the same time, Uzbekistan (X%), Armenia (X%), Kyrgyzstan (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2023. While the share of Belarus (X p.p.), Armenia (X p.p.), Uzbekistan (X p.p.) and Kyrgyzstan (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Russia (X p.p.) displayed negative dynamics.

In value terms, the largest personal spectacle optics supplying countries in the CIS were Russia ($X), Armenia ($X) and Belarus ($X), with a combined X% share of total exports. Uzbekistan and Kyrgyzstan lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

The export price in the CIS stood at $X per unit in 2023, jumping by X% against the previous year. Export price indicated prominent growth from 2012 to 2023: its price 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. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Armenia ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Personal Spectacle Optics Imports

Imports in CIS

In 2023, personal spectacle optics imports in the CIS surged to X units, growing by X% against the year before. Over the period under review, imports, however, showed a noticeable shrinkage. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, personal spectacle optics imports skyrocketed to $X in 2023. Overall, imports, however, continue to indicate a noticeable slump. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Russia prevails in imports structure, accounting for X units, which was near X% of total imports in 2023. Azerbaijan (X units) took the second position in the ranking, followed by Uzbekistan (X units). All these countries together held approx. X% share of total imports. Armenia (X units), Belarus (X units), Kazakhstan (X units) and Moldova (X units) took a relatively small share of total imports.

Imports into Russia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Azerbaijan (X%), Armenia (X%), Moldova (X%), Uzbekistan (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2023. By contrast, Kazakhstan (X%) illustrated a downward trend over the same period. While the share of Azerbaijan (X p.p.), Uzbekistan (X p.p.), Armenia (X p.p.) and Belarus (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported personal spectacle optics in the CIS, comprising X% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total imports. It was followed by Armenia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Russia amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Armenia (X% per year).

Import Prices by Country

In 2023, the import price in the CIS amounted to $X per unit, with a decrease of X% against the previous year. Import price indicated a noticeable expansion from 2012 to 2023: its price 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, personal spectacle optics import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2022, and then shrank in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform