Global Sunglasses Market 2024

Sunglasses Market Size

The global sunglasses market totaled $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Sunglasses Production

In value terms, sunglasses production totaled $X in 2022 estimated in export price. In general, production, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Global production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Sunglasses Exports

Exports

In 2022, shipments abroad of sunglasses increased by X% to X units, rising for the second consecutive year after three years of decline. Overall, exports, however, saw a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the global exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, sunglasses exports soared to $X in 2022. The total export value increased at an average annual rate of X% 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 2021 with an increase of X%. Over the period under review, the global exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

China represented the key exporting country with an export of about X units, which recorded X% of total exports. Italy (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Hong Kong SAR (X%), Taiwan (Chinese) (X%), the United States (X%) and Germany (X%). The Netherlands (X units), Spain (X units), Poland (X units), Belgium (X units) and France (X units) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sunglasses exports from China stood at X%. At the same time, Poland (X%), Spain (X%), Germany (X%), Belgium (X%), the Netherlands (X%), France (X%), Italy (X%) and the United States (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. Italy (X p.p.), Germany (X p.p.), the United States (X p.p.), Hong Kong SAR (X p.p.), Poland (X p.p.), the Netherlands (X p.p.), Spain (X p.p.) and Taiwan (Chinese) (X p.p.) significantly strengthened its position in terms of the global exports, while China saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sunglasses supplying countries worldwide were Italy ($X), China ($X) and Hong Kong SAR ($X), with a combined X% share of global exports. The United States, France, Germany, the Netherlands, Spain, Taiwan (Chinese), Poland and Belgium lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average sunglasses export price amounted to $X per unit, therefore, remained relatively stable against the previous year. Over the period under review, the export price posted resilient growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. The global export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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 Italy ($X per unit), while Taiwan (Chinese) ($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 global leaders experienced more modest paces of growth.

Sunglasses Imports

Imports

In 2022, overseas purchases of sunglasses increased by X% to X units, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sunglasses imports expanded remarkably to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, global imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, the United States (X units) represented the major importer of sunglasses, committing X% of total imports. It was distantly followed by India (X units), the UK (X units) and Germany (X units), together comprising a X% share of total imports. Mexico (X units), Hong Kong SAR (X units), Italy (X units), France (X units), Spain (X units), the Netherlands (X units), Poland (X units), the United Arab Emirates (X units) and Canada (X units) held a relatively small share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of sunglasses. At the same time, India (X%), Germany (X%), Poland (X%), the UK (X%), the Netherlands (X%), Italy (X%), France (X%) and Spain (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Mexico, Canada and the United Arab Emirates experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) and Germany (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of the United States (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported sunglasses worldwide, comprising X% of global imports. The second position in the ranking was taken by Hong Kong SAR ($X), with an X% share of global imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and Italy (X% per year).

Import Prices by Country

The average sunglasses import price stood at $X per unit in 2022, which is down by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 an increase of X%. Global import price peaked at $X per unit in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: 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 global leaders experienced more modest paces of growth.

Source: IndexBox Platform