China: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in China

The Chinese spectacles and goggles market reduced to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Spectacles And Goggles Production in China

In value terms, spectacles and goggles production contracted to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Spectacles and goggles production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Spectacles And Goggles Exports

Exports from China

After four years of decline, overseas shipments of spectacles and goggles increased by X% to X units in 2022. In general, exports, however, continue to indicate a abrupt shrinkage. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, spectacles and goggles exports surged to $X in 2022. Overall, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for spectacles and goggles exports from China, with a X% share of total exports. Moreover, spectacles and goggles exports to the United States exceeded the volume sent to the second major destination, Russia (X units), sixfold. Mexico (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Mexico (X% per year).

In value terms, the United States ($X) remains the key foreign market for spectacles and goggles exports from China, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the average spectacles and goggles export price amounted to $X per unit, growing by X% against the previous year. In general, the export price enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Mexico ($X 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 Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacles And Goggles Imports

Imports into China

In 2022, approx. X units of spectacles and goggles were imported into China; declining by X% on the previous year. In general, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, spectacles and goggles imports reduced to $X in 2022. Overall, imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Taiwan (Chinese) (X units) constituted the largest spectacles and goggles supplier to China, with a X% share of total imports. Moreover, spectacles and goggles imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Japan (X units), sevenfold. The third position in this ranking was held by Germany (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Taiwan (Chinese) amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Germany (X% per year).

In value terms, the largest spectacles and goggles suppliers to China were Taiwan (Chinese) ($X), Japan ($X) and the United States ($X), with a combined X% share of total imports. Italy, Germany and Malaysia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Italy, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average spectacles and goggles import price amounted to $X per unit, remaining stable against the previous year. Overall, the import price, however, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2020 an increase of X%. The import price peaked at $X per unit in 2021, and then fell slightly in the following year.

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 the United States ($X per unit), while the price for Malaysia ($X 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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform