Indonesia - Sunglasses - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

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

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Sunglasses Price in Indonesia - 2022

Contents:

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

Sunglasses Price in Indonesia (CIF) - 2022

In March 2022, the average sunglasses import price amounted to $7.1 per unit, growing by 72% against the previous month. In general, the import price, however, continues to indicate a perceptible shrinkage. The import price peaked at $11.4 per unit in March 2021; however, from April 2021 to March 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From March 2021 to March 2022, the rate of growth in terms of prices for China amounted to -3.3% per month.

Sunglasses Price in Indonesia (FOB) - 2022

The average sunglasses export price stood at $45 per unit in 2022, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of +4.7%. The most prominent rate of growth was recorded in 2014 an increase of 36% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($45 per unit) and Timor-Leste ($45 per unit), while the average price for exports to Vietnam ($45 per unit) and Hungary ($45 per unit) were 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 (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Sunglasses Imports in Indonesia

After two years of decline, supplies from abroad of sunglasses increased by 78% to 2.2M units in 2022. Overall, total imports indicated slight growth from 2019 to 2022: its volume increased at an average annual rate of +1.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sunglasses imports soared to $27M in 2022. Over the period under review, imports, however, saw a noticeable shrinkage. Imports peaked at $31M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Sunglasses in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China19.211.611.118.9-0.5%
Italy6.22.93.25.5-3.9%
United States2.01.31.11.4-11.2%
Hong Kong SAR1.50.50.20.3-41.5%
Others1.91.41.01.2-14.2%
Total30.917.716.627.3-4.0%

Top Suppliers of Sunglasses to Indonesia in 2022:

  1. China (1554.8K units)
  2. Italy (451.0K units)
  3. United States (112.6K units)
  4. Hong Kong SAR (26.3K units)

Sunglasses Exports in Indonesia

Sunglasses exports from Indonesia skyrocketed to 4.5K units in 2022, picking up by 40% compared with the previous year's figure. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 100% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, sunglasses exports surged to $206K in 2022. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 84% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Export of Sunglasses in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia1.65.02.457.8230.6%
Singapore13.839.735.637.339.3%
Philippines2.6N/A2.934.1135.8%
Japan0.20.3N/A21.7377.0%
France1.429.60.213.5112.8%
United States0.80.40.48.2117.2%
Hong Kong SAR3.61.04.95.515.2%
Hungary0.3N/AN/A5.2158.8%
Vietnam2.20.26.04.526.9%
Timor-Leste0.51.21.34.5108.0%
China7.811.511.03.0-27.3%
Italy16.2N/AN/A0.2-76.9%
MexicoN/AN/A77.4N/A0%
Others35.570.24.79.9-34.7%
Total86.415914720633.6%

Top Export Markets for Sunglasses from Indonesia in 2022:

  1. Malaysia (1276.0 units)
  2. Singapore (823.0 units)
  3. Philippines (753.0 units)
  4. Japan (480.0 units)
  5. France (299.0 units)
  6. United States (180.0 units)
  7. Hong Kong SAR (122.0 units)
  8. Hungary (116.0 units)
  9. Vietnam (100.0 units)
  10. Timor-Leste (100.0 units)
  11. China (67.0 units)
  12. Italy (4.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sunglasses market in Indonesia. 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:

  • Indonesia

Data coverage:

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