Global Sunglasses Market 2024

Sunglasses Market Size

The global sunglasses market expanded to $X in 2023, surging by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when the market value increased by X% against the previous year. Over the period under review, the global market reached the peak level in 2023 and is expected to retain growth in the immediate term.

Sunglasses Production

In value terms, sunglasses production expanded to $X in 2023 estimated in export price. Overall, production, however, saw a noticeable decrease. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. Global production peaked at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Sunglasses Exports

Exports

In 2023, overseas shipments of sunglasses increased by X% to X units, rising for the third consecutive year after three years of decline. In general, exports, however, showed a drastic downturn. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the global exports attained the maximum at X units in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, sunglasses exports rose markedly to $X in 2023. Over the period under review, total exports indicated a buoyant increase from 2012 to 2023: its value 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the global exports reached the maximum in 2023 and are expected to retain growth in the near future.

Exports by Country

In 2023, China (X units) represented the main exporter of sunglasses, generating X% of total exports. Italy (X units) ranks second in terms of the total exports with a X% share, followed by Hong Kong SAR (X%), Taiwan (Chinese) (X%), Germany (X%) and the United States (X%). The following exporters - the Netherlands (X units), Spain (X units), Poland (X units) and France (X units) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to sunglasses exports from China stood at X%. At the same time, Poland (X%), Germany (X%), Spain (X%), France (X%), the Netherlands (X%), Italy (X%) and the United States (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, 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 Italy, Germany, Hong Kong SAR, the United States, the Netherlands, Poland, Spain and Taiwan (Chinese) increased by X, X, X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sunglasses supplying countries worldwide were Italy ($X), China ($X) and Hong Kong SAR ($X), together comprising X% of global exports. The United States, France, Germany, the Netherlands, Spain, Taiwan (Chinese) and Poland lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Poland, with a CAGR of X%, saw the highest growth rate of 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

The average sunglasses export price stood at $X per unit in 2023, increasing by X% against the previous year. Overall, the export price saw a strong expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. The global export price peaked at $X per unit in 2019; however, from 2020 to 2023, the export prices stood at a somewhat lower figure.

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.

Sunglasses Imports

Imports

In 2023, supplies from abroad of sunglasses increased by X% to X units, rising for the third consecutive year after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2022 when imports increased by X%. Over the period under review, global imports attained the peak figure in 2023 and are likely to see steady growth in the near future.

In value terms, sunglasses imports expanded sharply to $X in 2023. The total import 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 most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, global imports hit record highs in 2023 and are expected to retain growth in years to come.

Imports by Country

In 2023, the United States (X units), distantly followed by India (X units), the UK (X units), Kazakhstan (X units) and Germany (X units) represented the largest importers of sunglasses, together creating X% of total imports. Mexico (X units), Italy (X units), Hong Kong SAR (X units), Spain (X units), the Netherlands (X units), France (X units), Canada (X units) and Japan (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Kazakhstan (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

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

From 2012 to 2023, the average annual rate of growth in terms of value in the United States amounted to X%. 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

The average sunglasses import price stood at $X per unit in 2023, rising by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. Global import price peaked at $X per unit in 2021; however, from 2022 to 2023, import prices failed to regain momentum.

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