Eastern Asia: Sunglasses Market 2024

Sunglasses Market Size in Eastern Asia

The East Asian sunglasses market totaled $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Sunglasses Production in Eastern Asia

In value terms, sunglasses production expanded to $X in 2023 estimated in export price. In general, production, however, saw a abrupt descent. 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, production attained the maximum level at $X in 2017; however, from 2018 to 2023, production remained at a lower figure.

Sunglasses Exports

Exports in Eastern Asia

In 2023, overseas shipments of sunglasses increased by X% to X units, rising for the third year in a row after three years of decline. In general, exports, however, faced a abrupt descent. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, sunglasses exports expanded rapidly to $X in 2023. Total exports indicated a strong increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked in 2023 and is likely to continue growth in years to come.

Exports by Country

China represented the largest exporting country with an export of around X units, which resulted at X% of total exports. Hong Kong SAR (X units) took the second position in the ranking, followed by Taiwan (Chinese) (X units). All these countries together took near X% share of total exports. Japan (X units) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of X% from 2012 to 2023. At the same time, Japan (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Hong Kong SAR (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Hong Kong SAR and Taiwan (Chinese) increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest sunglasses supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

In China, sunglasses exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and Japan (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while Taiwan (Chinese) ($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 leaders experienced more modest paces of growth.

Sunglasses Imports

Imports in Eastern Asia

In 2023, supplies from abroad of sunglasses increased by X% to X units, rising for the third consecutive year after three years of decline. Overall, imports, however, saw a relatively flat trend pattern. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, sunglasses imports skyrocketed to $X in 2023. Over the period under review, imports posted a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of import peaked at $X in 2018; afterwards, it flattened through to 2023.

Imports by Country

Hong Kong SAR represented the main importer of sunglasses in Eastern Asia, with the volume of imports reaching X units, which was approx. X% of total imports in 2023. Japan (X units) ranks second in terms of the total imports with a X% share, followed by South Korea (X%) and China (X%).

From 2012 to 2023, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Hong Kong SAR ($X), China ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Among the main importing countries, China, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period under review, the import price saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. Over the period under review, import prices reached the maximum in 2023 and is likely to continue growth in the immediate term.

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 China ($X per unit), while Japan ($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 leaders experienced more modest paces of growth.

Source: IndexBox Platform