Iceland: Sunglasses Market Overview 2020

Sunglasses Market Size in Iceland

The revenue of the sunglasses market in Iceland amounted to $X in 2018, picking up by X% against the previous year. Over the period under review, sunglasses consumption, however, continues to indicate a temperate reduction. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. In that year, the sunglasses market reached its peak level of $X. From 2015 to 2018, the growth of the sunglasses market failed to regain its momentum.

Sunglasses Production in Iceland

In value terms, sunglasses production totaled $X in 2018 estimated in export prices. Over the period under review, sunglasses production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when production volume increased by X% year-to-year. Over the period under review, sunglasses production attained its maximum level at $X in 2009; however, from 2010 to 2018, production failed to regain its momentum.

Sunglasses Exports

Exports from Iceland

In 2018, the sunglasses exports from Iceland amounted to X units, lowering by -X% against the previous year. In general, sunglasses exports continue to indicate an abrupt descent. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, sunglasses exports attained their maximum at X units in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, sunglasses exports totaled $X in 2018. Over the period under review, sunglasses exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. In that year, sunglasses exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

China dominates sunglasses exports structure, recording X units, which was near X% of total exports in 2018. It was distantly followed by Italy (X units), constituting 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) held a minor share of total exports.

From 2007 to 2018, average annual rates of growth with regard to sunglasses exports from China stood at +X%. 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. From 2007 to 2018, the share of China and China, Hong Kong SAR increased by +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X), China ($X) and China, Hong Kong SAR ($X) appeared to be the countries with the highest levels of exports in 2018, together comprising X% of total exports.

China experienced the highest rates of growth with regard to exports, among the main exporting countries 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 Iceland amounted to $X per unit, rising by X% against the previous year. Over the period under review, the sunglasses export price continues to indicate skyrocketing growth. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. In that year, the export prices for sunglasses attained their peak level and is likely to continue its growth in the immediate term.

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 Iceland

In 2018, the sunglasses imports into Iceland stood at X units, lowering by -X% against the previous year. Over the period under review, sunglasses imports continue to indicate a slight descent. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Over the period under review, sunglasses imports reached their maximum at X units in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, sunglasses imports amounted to $X in 2018. In general, sunglasses imports continue to indicate a noticeable deduction. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Iceland imports peaked at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The U.S. represented the key importer of sunglasses in the world, with the volume of imports amounting to X units, which was approx. X% of total imports in 2018. China, Hong Kong SAR (X units) occupied a X% share (based on tonnes) of total imports, which put it in second place, followed by India (X%), Germany (X%) and the UK (X%). Mexico (X units), Italy (X units), the Netherlands (X units), France (X units), Japan (X units), Canada (X units) and Australia (X units) followed a long way behind the leaders.

Imports into the U.S. decreased at an average annual rate of -X% from 2007 to 2018. 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. While the share of India (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of China, Hong Kong SAR (-X p.p.) and the U.S. (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual growth rate of value in the U.S. stood at +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 Iceland amounted to $X per unit, dropping by -X% against the previous year. Overall, the sunglasses import price continues to indicate a slight slump. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. Iceland import price peaked at $X per unit in 2007; however, from 2008 to 2018, import prices stood at a somewhat lower figure.

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 AI Platform