The market is dominated by foreign suppliers, as imports account for 89.7% of total market size in 2023. Households drive market demand, with household spending representing 67.6% of total demand in 2023. Spain has the eighth largest market size for optical instruments and photographic equipment regionally, with demand reaching USD1.4 billion in 2023. Essilor España SA is the largest company in Spain, generating 24.4% of the industry’s total production value in 2023. The industry is concentrated, with the top four companies generating 54.0% of total production value in 2023. The total number of companies remains unchanged in 2023. The costs of the industry increase by 5.6% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 14.1% of production value in 2023, the 10th highest regionally. The industry’s exports share decreases in 2023 to 75.3% of total production output. With production value of USD531 million, Spain accounts for 1.5% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Optical Instruments and Photographic Equipment in Spain: ISIC 332. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Optical Instruments and Photographic Equipment in Spain: ISIC 332 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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