Global Personal Spectacle Optics Market 2024

Personal Spectacle Optics Market Size

The global personal spectacle optics market shrank slightly to $X in 2023, approximately equating the previous year. Over the period under review, consumption saw a slight decline. Global consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Personal Spectacle Optics Production

In value terms, personal spectacle optics production fell slightly to $X in 2023 estimated in export price. Over the period under review, production showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, global production hit record highs at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Personal Spectacle Optics Exports

Exports

In 2023, approx. X units of personal spectacle optics were exported worldwide; increasing by X% compared with the year before. Overall, exports, however, showed a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, the exports attained the peak of X units. From 2018 to 2023, the growth of the global exports remained at a somewhat lower figure.

In value terms, personal spectacle optics exports rose sharply to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the global exports attained the peak figure in 2023 and are expected to retain growth in years to come.

Exports by Country

China represented the main exporting country with an export of about X units, which accounted for X% of total exports. Taiwan (Chinese) (X units) held the second position in the ranking, distantly followed by Italy (X units). All these countries together held near X% share of total exports. The following exporters - the United States (X units), Hong Kong SAR (X units), Germany (X units), Mexico (X units), the Netherlands (X units), France (X units) and Belgium (X units) - together made up X% of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2023. At the same time, Mexico (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, the United States (X%), Italy (X%), the Netherlands (X%), Hong Kong SAR (X%), France (X%) and Germany (X%) illustrated a downward trend over the same period. While the share of Taiwan (Chinese) (X p.p.), Mexico (X p.p.), the United States (X p.p.) and Italy (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Italy ($X) and Hong Kong SAR ($X) constituted the countries with the highest levels of exports in 2023, together comprising X% of global exports. The United States, Germany, France, Taiwan (Chinese), the Netherlands, Mexico and Belgium lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2023, the average personal spectacle optics export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price posted prominent growth. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices attained the peak figure in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Italy ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

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

Personal Spectacle Optics Imports

Imports

In 2023, global personal spectacle optics imports fell to X units, remaining relatively unchanged against the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 when imports increased by X%. As a result, imports reached the peak of X units. From 2021 to 2023, the growth of global imports remained at a lower figure.

In value terms, personal spectacle optics imports expanded rapidly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, global imports reached the maximum in 2023 and are likely to continue growth in the near future.

Imports by Country

In 2023, the United States (X units) represented the key importer of personal spectacle optics, generating X% of total imports. It was distantly followed by India (X units), Mexico (X units) and the UK (X units), together making up a X% share of total imports. The following importers - Germany (X units), Japan (X units), Canada (X units), Hong Kong SAR (X units), Italy (X units), Australia (X units), Thailand (X units), France (X units) and Spain (X units) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to personal spectacle optics imports into the United States stood at X%. At the same time, Germany (X%), India (X%), Italy (X%), France (X%), Spain (X%), Mexico (X%), Canada (X%), Thailand (X%) and Japan (X%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. The UK and Australia experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of India (X p.p.), Germany (X p.p.) and Mexico (X p.p.) increased significantly in terms of the global imports from 2012-2023, the share of Hong Kong SAR (X p.p.) and the United States (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported personal spectacle optics worldwide, comprising X% of global imports. The second position in the ranking was held by Hong Kong SAR ($X), with an X% share of global imports. It was followed by Italy, with a X% share.

In the United States, personal spectacle optics imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and Italy (X% per year).

Import Prices by Country

In 2023, the average personal spectacle optics import price amounted to $X per unit, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2023, import prices stood at a somewhat lower figure.

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 Hong Kong SAR ($X per unit), while India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform