Asia-Pacific: Personal Spectacle Optics Market 2024

Personal Spectacle Optics Market Size in Asia-Pacific

The Asia-Pacific personal spectacle optics market declined modestly to $X in 2022, reducing by X% against the previous year. Overall, consumption recorded a pronounced contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Personal Spectacle Optics Production in Asia-Pacific

In value terms, personal spectacle optics production dropped slightly to $X in 2022 estimated in export price. Overall, production saw a deep reduction. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Personal Spectacle Optics Exports

Exports in Asia-Pacific

In 2022, overseas shipments of personal spectacle optics were finally on the rise to reach X units for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, personal spectacle optics exports rose markedly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

China represented the largest exporter of personal spectacle optics in Asia-Pacific, with the volume of exports recording X units, which was near X% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X units) and Hong Kong SAR (X units), together making up a X% share of total exports. Thailand (X units) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to personal spectacle optics exports from China stood at X%. At the same time, Thailand (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Taiwan (Chinese) (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of Taiwan (Chinese) (X p.p.), Hong Kong SAR (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest personal spectacle optics supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Personal Spectacle Optics Imports

Imports in Asia-Pacific

Personal spectacle optics imports soared to X units in 2022, picking up by X% on the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The volume of import peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, personal spectacle optics imports expanded remarkably to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

India was the main importer of personal spectacle optics in Asia-Pacific, with the volume of imports finishing at X units, which was approx. X% of total imports in 2022. Hong Kong SAR (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Australia (X%), Japan (X%) and Thailand (X%). South Korea (X units) and the Philippines (X units) took a little share of total imports.

India was also the fastest-growing in terms of the personal spectacle optics imports, with a CAGR of X% from 2012 to 2022. At the same time, the Philippines (X%), Australia (X%) and Thailand (X%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (X%) and South Korea (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (X p.p.), South Korea (X p.p.) and Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported personal spectacle optics in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Australia ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

In Hong Kong SAR, personal spectacle optics imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Australia (X% per year) and Japan (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, dropping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit, and then fell in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform