Global Sunglasses Market 2024

Sunglasses Market Size

The global sunglasses market stood at $X in 2023, approximately reflecting 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 consistent, with somewhat noticeable fluctuations in certain years. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the global market failed to regain momentum.

Sunglasses Production

In value terms, sunglasses production amounted to $X in 2023 estimated in export price. In general, production, however, recorded a perceptible slump. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, global production attained the maximum level at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Sunglasses Exports

Exports

In 2023, shipments abroad of sunglasses increased by X% to X units, rising for the third year in a row after three years of decline. Over the period under review, exports, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The global exports peaked at X units in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, sunglasses exports expanded sharply to $X in 2023. Overall, total exports 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The global exports peaked in 2023 and are expected to retain growth in the near future.

Exports by Country

China represented the key exporting country with an export of about X units, which accounted for X% of total exports. Italy (X units) took the second position in the ranking, followed by Hong Kong SAR (X units), Taiwan (Chinese) (X units), Germany (X units) and the United States (X units). All these countries together took near X% share of total exports. The Netherlands (X units), Spain (X units), Poland (X units) and France (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, 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. While the share of Italy (X p.p.), Germany (X p.p.), Hong Kong SAR (X p.p.), the United States (X p.p.), the Netherlands (X p.p.), Poland (X p.p.), Spain (X p.p.) and Taiwan (Chinese) (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, Italy ($X), China ($X) and Hong Kong SAR ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of global exports. The United States, France, Germany, the Netherlands, Spain, Taiwan (Chinese) and Poland lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries 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, picking up by X% against the previous year. Overall, the export price saw a buoyant expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2023 and is expected to retain growth in years to come.

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, purchases abroad of sunglasses increased by X% to X units, rising for the third year in a row after two years of decline. The total import volume 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 appeared the most rapid in 2022 when imports increased by X% against the previous year. Global imports peaked in 2023 and are likely to see steady growth in the immediate term.

In value terms, sunglasses imports expanded remarkably 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 pace of growth was the most pronounced in 2021 with an increase of X%. Global imports peaked in 2023 and are expected to retain growth in the immediate term.

Imports by Country

In 2023, the United States (X units), distantly followed by India (X units), the UK (X units) and Germany (X units) were the key importers of sunglasses, together generating X% of total imports. The following importers - Mexico (X units), Italy (X units), Hong Kong SAR (X units), Spain (X units), the Netherlands (X units), France (X units), Canada (X units), Japan (X units) and Poland (X units) - together made up X% of total imports.

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

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

In the United States, sunglasses imports increased 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 Italy (X% per year).

Import Prices by Country

In 2023, the average sunglasses import price amounted to $X per unit, increasing by 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 2013 when the average import price increased by X%. 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