Report Update: May 1, 2024

Singapore - Spectacles And Goggles - Market Analysis, Forecast, Size, Trends And Insights

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Spectacles and Goggles Price in Singapore - 2022

Spectacles and Goggles Price in Singapore (CIF) - 2022

The average spectacles and goggles import price stood at $2.4 per unit in 2022, growing by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2017 an increase of 32%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($41 per unit), while the price for Taiwan (Chinese) ($1.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Spectacles and Goggles Price in Singapore (FOB) - 2022

In 2022, the average spectacles and goggles export price amounted to $2.7 per unit, surging by 15% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 34% against the previous year. As a result, the export price reached the peak level of $4.8 per unit. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($6.5 per unit), while the average price for exports to Panama ($0.5 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 South Korea (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacles and Goggles Imports in Singapore

In 2022, purchases abroad of spectacles and goggles decreased by -0.7% to 5.2M units, falling for the second consecutive year after two years of growth. In general, imports recorded a noticeable slump. The pace of growth appeared the most rapid in 2020 with an increase of 24% against the previous year. As a result, imports attained the peak of 6.9M units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, spectacles and goggles imports soared to $12M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +9.6% 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 decreased by -15.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 56%. As a result, imports attained the peak of $15M. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Spectacles and Goggles in Singapore (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	3.9	9.0	3.7	4.6	5.7%
Taiwan (Chinese)	2.7	2.3	3.3	2.4	-3.9%
India	0.1	0.2	N/A	1.8	162.1%
Japan	0.4	0.5	0.6	0.6	14.5%
Malaysia	0.1	0.3	0.3	0.3	44.2%
Others	2.3	2.6	2.7	2.8	6.8%
Total	9.5	14.8	10.5	12.5	9.6%

Top Suppliers of Spectacles and Goggles to Singapore in 2022:

China (2230.1K units)
Taiwan (Chinese) (2212.3K units)
India (263.8K units)
Malaysia (133.9K units)
Japan (113.7K units)

Spectacles and Goggles Exports in Singapore

In 2022, exports of spectacles and goggles from Singapore surged to 2.4M units, rising by 18% compared with the year before. Over the period under review, total exports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +2.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -34.9% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 64% against the previous year. As a result, the exports reached the peak of 3.8M units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, spectacles and goggles exports skyrocketed to $6.7M in 2022. Overall, total exports indicated a pronounced expansion from 2019 to 2022: its value increased at an average annual rate of +3.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -21.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 43% against the previous year. As a result, the exports attained the peak of $8.6M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Spectacles and Goggles in Singapore (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	514	1,148	1,069	1,646	47.4%
Indonesia	1,531	3,424	1,294	1,000	-13.2%
Hong Kong SAR	668	521	231	775	5.1%
South Korea	104	120	176	403	57.1%
Philippines	595	816	176	242	-25.9%
United Arab Emirates	3.0	3.0	9.8	236	328.5%
Thailand	261	322	323	215	-6.3%
Panama	1.6	1.0	1.5	201	400.8%
Australia	204	213	271	166	-6.6%
Vietnam	422	549	560	130	-32.5%
Peru	4.1	5.1	5.0	68.1	155.1%
New Zealand	33.8	27.9	27.8	66.1	25.1%
South Africa	27.6	24.0	29.0	38.0	11.2%
Others	1,618	1,391	755	1,498	-2.5%
Total	5,984	8,565	4,928	6,686	3.8%

Top Export Markets for Spectacles and Goggles from Singapore in 2022:

Indonesia (562.6K units)
Malaysia (489.9K units)
Panama (388.9K units)
Hong Kong SAR (144.9K units)
Australia (110.3K units)
Thailand (83.7K units)
Philippines (69.0K units)
United Arab Emirates (66.9K units)
South Korea (61.9K units)
Peru (54.1K units)
Vietnam (53.0K units)
South Africa (49.3K units)
New Zealand (43.3K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the spectacles and goggles market in Singapore. 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:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023