Hong Kong SAR, China - Spectacles And Goggles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSpectacles and Goggles Price in Hong Kong SAR - 2023
Contents:
- Spectacles and Goggles Price in Hong Kong SAR (FOB) - 2022
- Spectacles and Goggles Price in Hong Kong SAR (CIF) - 2023
- Spectacles and Goggles Exports in Hong Kong SAR
- Spectacles and Goggles Imports in Hong Kong SAR
Spectacles and Goggles Price in Hong Kong SAR (FOB) - 2022
The average spectacles and goggles export price stood at $12 per unit in 2022, falling by -3.9% against the previous year. In general, the export price, however, posted a strong increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 28%. Over the period under review, the average export prices attained the maximum at $12 per unit in 2021, and then fell modestly in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($31 per unit), while the average price for exports to the UK ($6.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.
Spectacles and Goggles Price in Hong Kong SAR (CIF) - 2023
The average spectacles and goggles import price stood at $12.1 per unit in June 2023, therefore, remained relatively stable against the previous month. Overall, import price indicated resilient growth from June 2022 to June 2023: its price increased at an average monthly rate of +9.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, spectacles and goggles import price decreased by -7.2% against February 2023 indices. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 183% month-to-month. Over the period under review, average import prices attained the peak figure at $13.1 per unit in February 2023; however, from March 2023 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($21.4 per unit), while the price for Malaysia ($2.0 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+9.6%), while the prices for the other major suppliers experienced a decline.
Spectacles and Goggles Exports in Hong Kong SAR
In 2022, spectacles and goggles exports from Hong Kong SAR dropped markedly to 18M units, waning by -20.9% on the year before. Over the period under review, exports recorded a deep slump. The growth pace was the most rapid in 2021 when exports increased by 8.6%. The exports peaked at 29M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, spectacles and goggles exports shrank dramatically to $212M in 2022. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. Over the period under review, the exports attained the peak figure at $303M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Spectacles and Goggles in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 73.4 | 50.5 | 96.6 | 64.8 | -4.1% |
| Australia | 80.6 | 58.7 | 54.0 | 42.0 | -19.5% |
| China | 32.2 | 22.6 | 24.4 | 24.5 | -8.7% |
| Italy | 24.1 | 14.2 | 25.6 | 15.5 | -13.7% |
| Germany | 7.0 | 3.6 | 13.8 | 12.5 | 21.3% |
| New Zealand | 15.5 | 3.7 | 9.2 | 12.2 | -7.7% |
| United Kingdom | 10.4 | 8.5 | 11.6 | 11.0 | 1.9% |
| Japan | 9.8 | 7.9 | 10.1 | 5.5 | -17.5% |
| Netherlands | 7.5 | 2.8 | 5.1 | 4.4 | -16.3% |
| Hungary | 2.8 | 1.9 | 3.2 | 3.3 | 5.6% |
| Spain | 18.3 | 6.9 | 0.9 | 3.0 | -45.3% |
| Others | 21.7 | 20.7 | 24.6 | 13.9 | -13.8% |
| Total | 303 | 202 | 279 | 212 | -11.2% |
Top Export Markets for Spectacles and Goggles from Hong Kong SAR in 2022:
- United States (5.4M units)
- China (2.4M units)
- Australia (2.3M units)
- United Kingdom (1.7M units)
- Italy (1.4M units)
- Germany (1.1M units)
- Netherlands (0.5M units)
- Japan (0.5M units)
- Hungary (0.4M units)
- New Zealand (0.4M units)
- Spain (0.4M units)
Spectacles and Goggles Imports in Hong Kong SAR
In 2022, the amount of spectacles and goggles imported into Hong Kong SAR soared to 30M units, rising by 20% on 2021. The total import volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, spectacles and goggles imports fell slightly to $243M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +10.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 72% against the previous year. As a result, imports attained the peak of $248M, and then dropped modestly in the following year.
| Import of Spectacles and Goggles in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 163 | 127 | 233 | 230 | 12.2% |
| United States | 1.7 | 2.6 | 3.8 | 4.1 | 34.1% |
| Japan | 3.2 | 4.7 | 2.6 | 1.4 | -24.1% |
| Others | 14.1 | 9.7 | 8.5 | 7.8 | -17.9% |
| Total | 182 | 144 | 248 | 243 | 10.1% |
Top Suppliers of Spectacles and Goggles to Hong Kong SAR in 2022:
- China (27.4M units)
- Japan (0.5M units)
- United States (0.4M units)
This report provides an in-depth analysis of the spectacles and goggles market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32504290 - Spectacles, goggles and the like, corrective, protective or other (excluding sunglasses)
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the spectacles and goggles market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the spectacles and goggles market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the personal spectacle optics market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the sunglasses market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global spectacles and goggles market.
255
The price of Spectacles And Goggles in May 2023 was $10.4 per unit (FOB, Hong Kong), with a 5.4% growth compared to the previous month.
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In March 2023, the sunglasses price amounted to $19.8 per unit (CIF, Hong Kong), remaining relatively unchanged against the previous month.
85
Explore the top-10 countries by import value of spectacles and goggles in 2023. Find out which countries are leading the global market for eyewear imports.
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Explore the top import markets for personal spectacle optics and their import values. Discover the key countries driving the industry based on the latest data from IndexBox market intelligence.
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Explore the top import markets for sunglasses worldwide, including key statistics and insights. Discover the leading countries and their import values for sunglasses in 2022.
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In 2016, the global imports of sunglasses totaled X tons, going up by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- ...
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In 2016, the global imports of sunglasses totaled X tons, going up by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- ...
255
The price of Spectacles And Goggles in May 2023 was $10.4 per unit (FOB, Hong Kong), with a 5.4% growth compared to the previous month.
309
In March 2023, the sunglasses price amounted to $19.8 per unit (CIF, Hong Kong), remaining relatively unchanged against the previous month.
85
Explore the top-10 countries by import value of spectacles and goggles in 2023. Find out which countries are leading the global market for eyewear imports.
