Eastern Asia: Personal Spectacle Optics Market 2024

Personal Spectacle Optics Market Size in Eastern Asia

The East Asian personal spectacle optics market shrank to $X in 2022, falling by X% against the previous year. Overall, consumption showed a pronounced reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Personal Spectacle Optics Production in Eastern Asia

In value terms, personal spectacle optics production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a deep downturn. The growth pace was the most rapid in 2015 when the production volume increased by X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Personal Spectacle Optics Exports

Exports in Eastern Asia

In 2022, after four years of decline, there was growth in shipments abroad of personal spectacle optics, when their volume increased by X% to X units. Overall, exports, however, recorded a abrupt decrease. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, personal spectacle optics exports rose significantly 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 throughout the analyzed period. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, China (X units) was the major exporter of personal spectacle optics, making up X% of total exports. It was distantly followed by Taiwan (Chinese) (X units) and Hong Kong SAR (X units), together comprising a X% share of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2022. Taiwan (Chinese) (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. Taiwan (Chinese) (X p.p.) and Hong Kong SAR (X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by X% from 2012 to 2022, respectively.

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

From 2012 to 2022, the average annual growth rate 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 Eastern Asia amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price recorded strong growth. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: 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 Eastern Asia

After five years of decline, supplies from abroad of personal spectacle optics increased by X% to X units in 2022. Overall, imports, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, personal spectacle optics imports rose slightly to $X in 2022. Total imports indicated prominent growth 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Hong Kong SAR (X units) and Japan (X units) were the main importers of personal spectacle optics in Eastern Asia, together amounting to near X% of total imports. It was distantly followed by South Korea (X units), constituting a X% share of total imports. China (X units), Taiwan (Chinese) (X units) and Macao SAR (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

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

In Hong Kong SAR, personal spectacle optics imports increased 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: China (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, rising by X% against the previous year. Overall, the import price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 China ($X per unit), while Japan ($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.

Source: IndexBox Platform