Estonia: Sunglasses Market 2020

Sunglasses Market Size in Estonia

The revenue of the sunglasses market in Estonia amounted to $X in 2018, waning by -X% against the previous year. Overall, sunglasses consumption continues to indicate a slight slump. The pace of growth was the most pronounced in 2017 when the market value increased by X% year-to-year. Over the period under review, the sunglasses market attained its peak figure level at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Sunglasses Production in Estonia

In value terms, sunglasses production stood at $X in 2018 estimated in export prices. Over the period under review, sunglasses production continues to indicate a drastic contraction. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Estonia sunglasses production peaked at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Sunglasses Exports

Exports from Estonia

In 2018, the amount of sunglasses exported from Estonia amounted to X units, shrinking by -X% against the previous year. Overall, sunglasses exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Estonia exports peaked at X units in 2017, and then declined slightly in the following year.

In value terms, sunglasses exports totaled $X in 2018. In general, sunglasses exports, however, continue to indicate outstanding growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, sunglasses exports attained their maximum in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

China prevails in sunglasses exports structure, amounting to X units, which was near X% of total exports in 2018. It was distantly followed by Italy (X units), comprising a X% share of total exports. China, Hong Kong SAR (X units), Taiwan, Chinese (X units), the U.S. (X units) and Germany (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, China, Hong Kong SAR (+X%), Germany (+X%), the U.S. (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, China, Hong Kong SAR emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Taiwan, Chinese (-X%) illustrated a downward trend over the same period. China (+X p.p.) and China, Hong Kong SAR (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sunglasses markets from Estonia were Italy ($X), China ($X) and China, Hong Kong SAR ($X), with a combined X% share of total exports. These countries were followed by the U.S., Germany, Taiwan, Chinese and Estonia, which together accounted for a further X terms of the main exporting countries, Estonia recorded the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the sunglasses export price in Estonia amounted to $X per unit, increasing by X% against the previous year. Overall, the sunglasses export price continues to indicate strong growth. The most prominent rate of growth was recorded in 2011 when the export price increased by X% against the previous year. Estonia export price peaked in 2018 and is expected to retain its growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per unit), while China ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Taiwan, Chinese, while the other leaders experienced more modest paces of growth.

Sunglasses Imports

Imports into Estonia

Sunglasses imports into Estonia totaled X units in 2018, jumping by X% against the previous year. In general, sunglasses imports continue to indicate a strong expansion. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Estonia imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, sunglasses imports amounted to $X in 2018. Overall, sunglasses imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Estonia imports peaked in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, the U.S. (X units) represented the major importer of sunglasses, creating X% of total imports. China, Hong Kong SAR (X units) ranks second in terms of the total imports with a X% share, followed by India (X%), Germany (X%) and the UK (X%). The following importers - Mexico (X units), Italy (X units), the Netherlands (X units), France (X units), Japan (X units), Canada (X units) and Australia (X units) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to sunglasses imports into the U.S. stood at -X%. At the same time, India (+X%), the Netherlands (+X%) and Mexico (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Italy, France, Japan, the UK, Australia, Germany and Canada experienced a relatively flat trend pattern. By contrast, China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. India (+X p.p.) significantly strengthened its position in terms of the global imports, while China, Hong Kong SAR and the U.S. saw its share reduced by -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported sunglasses into Estonia, comprising X% of global imports. The second position in the ranking was occupied by China, Hong Kong SAR ($X), with a X% share of global imports. It was followed by Italy, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: China, Hong Kong SAR (+X% per year) and Italy (+X% per year).

Import Prices by Country

In 2018, the sunglasses import price in Estonia amounted to $X per unit, remaining stable against the previous year. In general, the sunglasses import price, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. In that year, the import prices for sunglasses reached their peak level of $X per unit, leveling off in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was China, Hong Kong SAR ($X per unit), while India ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform