Colombia - Sunglasses - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 3, 2024

Colombia - Sunglasses - Market Analysis, Forecast, Size, Trends And Insights

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Sunglasses Price in Colombia - 2022

Contents:

  1. Sunglasses Price in Colombia (CIF) - 2022
  2. Sunglasses Price in Colombia (FOB) - 2022
  3. Sunglasses Imports in Colombia
  4. Sunglasses Exports in Colombia

Sunglasses Price in Colombia (CIF) - 2022

In 2022, the average sunglasses import price amounted to $1.9 per unit, declining by -5.7% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 22% against the previous year. The import price peaked at $2.3 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($45 per unit), while the price for China amounted to $0.9 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+0.5%).

Sunglasses Price in Colombia (FOB) - 2022

In 2022, the average sunglasses export price amounted to $11 per unit, waning by -2.4% against the previous year. Overall, the export price, however, saw a tangible increase. The pace of growth was the most pronounced in 2013 an increase of 223%. Over the period under review, the average export prices attained the maximum at $47 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($45 per unit), while the average price for exports to Ecuador ($2.9 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 Peru (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.

Sunglasses Imports in Colombia

In 2022, imports of sunglasses into Colombia surged to 8.5M units, jumping by 34% on the year before. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports hit record highs at 8.7M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, sunglasses imports soared to $16M in 2022. Over the period under review, total imports indicated measured growth from 2019 to 2022: its value increased at an average annual rate of +2.9% 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 +65.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Import of Sunglasses in Colombia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China8.35.75.97.8-2.0%
Italy4.32.54.66.112.4%
Others2.21.62.32.20.0%
Total14.99.812.816.22.8%

Top Suppliers of Sunglasses to Colombia in 2022:

  1. China (8.3M units)
  2. Italy (0.1M units)

Sunglasses Exports in Colombia

In 2022, the amount of sunglasses exported from Colombia reduced markedly to 41K units, which is down by -32.1% compared with the year before. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 when exports increased by 1,551% against the previous year. As a result, the exports reached the peak of 60K units, and then reduced dramatically in the following year.

In value terms, sunglasses exports dropped remarkably to $447K in 2022. Overall, exports, however, posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 301% against the previous year. As a result, the exports attained the peak of $676K, and then contracted markedly in the following year.

Export of Sunglasses in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain11.63.84.5301196.1%
PeruN/AN/A3.166.92058.1%
Ecuador0.50.86.254.6378.0%
Chile15.99.24230.8-63.1%
Others16415523924.2-47.2%
Total19216967644732.5%

Top Export Markets for Sunglasses from Colombia in 2022:

  1. Ecuador (19.1K units)
  2. Spain (14.3K units)
  3. Peru (5.9K units)
  4. Chile (0.1K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sunglasses market in Colombia. 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 32504250 - Sunglasses

Country coverage:

  • Colombia

Data coverage:

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

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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