Asia-Pacific: Personal Spectacle Optics Market 2024

Personal Spectacle Optics Market Size in Asia-Pacific

In 2023, the Asia-Pacific personal spectacle optics market increased by X% to $X, rising for the second consecutive year after five years of decline. Over the period under review, consumption continues to indicate a perceptible reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Personal Spectacle Optics Production in Asia-Pacific

In value terms, personal spectacle optics production contracted modestly to $X in 2023 estimated in export price. In general, production saw a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Personal Spectacle Optics Exports

Exports in Asia-Pacific

In 2023, approx. X units of personal spectacle optics were exported in Asia-Pacific; surging by X% compared with the previous year's figure. In general, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2023, the growth of the exports remained at a lower figure.

In value terms, personal spectacle optics exports expanded slightly 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 in certain years. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the near future.

Exports by Country

China represented the major exporting country with an export of around X units, which reached X% of total exports. It was distantly followed by Taiwan (Chinese) (X units) and Hong Kong SAR (X units), together generating a X% share of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2023. Taiwan (Chinese) experienced a relatively flat trend pattern. Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Taiwan (Chinese) increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest personal spectacle optics supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in China stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per unit, approximately equating the previous year. Overall, the export price, however, showed a prominent increase. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2022, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while Taiwan (Chinese) ($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.

Personal Spectacle Optics Imports

Imports in Asia-Pacific

In 2023, approx. X units of personal spectacle optics were imported in Asia-Pacific; rising by X% compared with 2022. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, personal spectacle optics imports expanded markedly to $X in 2023. Total imports indicated strong growth 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are likely to see steady growth in years to come.

Imports by Country

India represented the largest importer of personal spectacle optics in Asia-Pacific, with the volume of imports amounting to X units, which was approx. X% of total imports in 2023. Japan (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (X%), Australia (X%) and Thailand (X%). The following importers - Vietnam (X units) and Indonesia (X units) - together made up X% of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2023. At the same time, Vietnam (X%), Thailand (X%) and Japan (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. Australia experienced a relatively flat trend pattern. By contrast, Indonesia (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of India and Vietnam increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported personal spectacle optics in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Australia ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Hong Kong SAR amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Australia (X% per year) and Japan (X% per year).

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per unit, declining by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: 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 leaders experienced more modest paces of growth.

Source: IndexBox Platform