Republic of Korea - Sunglasses - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSunglasses Price in South Korea - 2022
Contents:
- Sunglasses Price in South Korea (CIF) - 2022
- Sunglasses Price in South Korea (FOB) - 2022
- Sunglasses Imports in South Korea
- Sunglasses Exports in South Korea
Sunglasses Price in South Korea (CIF) - 2022
The average sunglasses import price stood at $120 per unit in December 2022, dropping by -2.2% against the previous month. Over the period under review, the import price showed a pronounced contraction. The pace of growth appeared the most rapid in August 2022 when the average import price increased by 27% month-to-month. The import price peaked at $219 per unit in December 2021; however, from January 2022 to December 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Japan ($264 per unit), while the price for China ($82.9 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.5%), while the prices for the other major suppliers experienced a decline.
Sunglasses Price in South Korea (FOB) - 2022
In 2022, the average sunglasses export price amounted to $45 per unit, with an increase of 4.1% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sunglasses export price increased by +16.6% against 2020 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 36%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Canada ($45 per unit) and Australia ($45 per unit), while the average price for exports to Taiwan (Chinese) ($45 per unit) and Singapore ($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 Arab Emirates (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Sunglasses Imports in South Korea
In 2022, supplies from abroad of sunglasses was finally on the rise to reach 8.5M units after two years of decline. In general, imports, however, continue to indicate a abrupt shrinkage. Imports peaked at 11M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, sunglasses imports reduced to $103M in 2022. Overall, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 5.2%. Imports peaked at $162M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Sunglasses in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 68.7 | 38.7 | 44.9 | 41.9 | -15.2% |
| Italy | 65.8 | 44.9 | 43.7 | 38.9 | -16.1% |
| United States | 9.5 | 8.0 | 11.8 | 10.9 | 4.7% |
| Japan | 9.6 | 7.1 | 6.1 | 7.0 | -10.0% |
| Taiwan (Chinese) | 1.3 | 1.2 | 1.2 | 1.8 | 11.5% |
| Others | 6.8 | 4.8 | 2.4 | 2.8 | -25.6% |
| Total | 162 | 105 | 110 | 103 | -14.0% |
Top Suppliers of Sunglasses to South Korea in 2022:
- China (3.4M units)
- Italy (3.2M units)
- United States (0.9M units)
- Japan (0.6M units)
- Taiwan (Chinese) (0.2M units)
Sunglasses Exports in South Korea
In 2022, shipments abroad of sunglasses decreased by -11.9% to 1.5M units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 106%. As a result, the exports reached the peak of 1.8M units, and then shrank in the following year.
In value terms, sunglasses exports shrank to $70M in 2022. Overall, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 130%. As a result, the exports attained the peak of $77M, and then shrank in the following year.
| Export of Sunglasses in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.3 | 15.6 | 45.9 | 33.8 | 59.7% |
| United States | 3.6 | 3.9 | 8.7 | 11.8 | 48.5% |
| Hong Kong SAR | 5.1 | 2.3 | 6.9 | 3.3 | -13.5% |
| Singapore | 2.4 | 1.7 | 1.5 | 3.0 | 7.7% |
| Australia | 0.6 | 1.0 | 1.3 | 2.4 | 58.7% |
| France | 1.4 | 0.5 | 2.2 | 2.0 | 12.6% |
| United Kingdom | 1.7 | 0.9 | 1.3 | 2.0 | 5.6% |
| Taiwan (Chinese) | 1.8 | 1.4 | 1.3 | 1.7 | -1.9% |
| United Arab Emirates | 0.3 | 0.1 | 0.2 | 1.7 | 78.3% |
| Italy | 0.8 | 0.6 | 1.5 | 1.6 | 26.0% |
| Japan | 1.8 | 2.2 | 1.5 | 1.6 | -3.9% |
| Canada | 0.9 | 0.5 | 1.0 | 1.0 | 3.6% |
| Others | 3.0 | 2.5 | 3.3 | 4.3 | 12.7% |
| Total | 31.4 | 33.2 | 76.6 | 70.2 | 30.8% |
Top Export Markets for Sunglasses from South Korea in 2022:
- China (745.7K units)
- United States (260.9K units)
- Hong Kong SAR (73.5K units)
- Singapore (65.4K units)
- Australia (53.3K units)
- France (44.1K units)
- United Kingdom (44.0K units)
- Taiwan (Chinese) (37.3K units)
- United Arab Emirates (36.8K units)
- Japan (35.9K units)
- Italy (35.0K units)
- Canada (22.0K units)
This report provides an in-depth analysis of the sunglasses market in Republic of Korea. 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:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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
-
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
404
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This report provides an in-depth analysis of the sunglasses market in Republic of Korea.
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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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