Spain’s optical market reached EUR 2 Billion in 2017

April 2018 Market Research
Optical market ITALY (GFK) – Consumer market analyst, GfK.com, published on April 13, 2018 in the trade fair Expo-Óptica the sales figures for four key European optical markets: Italy, France, Spain, and Germany. Its PoS measurement system confirms a market size of € 17.600 million in 2017; out of them, € 2.080 were generated in Spain.

GfK’s optics panel tracks sales data for sunglasses, frames, spectacle lenses, contact lenses, and care products for contact lenses.

The optical market audited in the four European countries has hit a market value of € 17.600 million with a slight increase in comparison to last year (+0.2%). The performance of Spain’s market is above average (+0.5) with Germany as most positive country (+3.2%) and both France and Italy negative (respectively -1.4% and -1.6%). France’s negative performance is reflecting recent changes in government legislation, which limits the reimbursement of eyewear to € 150 and reduces the frequency of renewal for spectacle glasses from 1 to 2 years.

In terms of product contribution, vision care (contact lenses and care products for contact lenses) represents 9.2% of the business and it is basically stable; the same can be observed for the bulk of the market represented by spectacle lenses (58.8% of importance) which is too quite flat (+0.2%).

Different situations for spectacle frames and sunglasses: while the former are clearly positive (+1.4%) the latter register a close in 2017 with a negative performance (-1.7%).

According to GfK data, Spain’s optical sector reached a turnover (in physical shops of mainland and Balearic Islands) € 2.080 million, which means an increase of 0.5% compared to the previous year. Thus, while sunglasses and frames account for a third of Spain’s optical market, and losing share, spectacle lenses clearly overtake half of the turnover and gain weight every year.