South-Eastern Asia: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in South-Eastern Asia

The Southeast Asian spectacles and goggles market declined rapidly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption recorded a deep slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Spectacles And Goggles Production in South-Eastern Asia

In value terms, spectacles and goggles production fell to $X in 2022 estimated in export price. In general, production recorded a deep contraction. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Spectacles And Goggles Exports

Exports in South-Eastern Asia

After two years of growth, shipments abroad of spectacles and goggles decreased by X% to X units in 2022. In general, exports, however, saw pronounced growth. The growth pace was the most rapid in 2016 with an increase of X%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, spectacles and goggles exports shrank to $X in 2022. Overall, exports, however, recorded a moderate expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Thailand (X units) and Malaysia (X units) prevails in exports structure, together mixing up X% of total exports. It was distantly followed by Singapore (X units), mixing up a X% share of total exports. Vietnam (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the largest spectacles and goggles supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with an X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand totaled X%. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the export price, however, saw a mild contraction. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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 Vietnam ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the export price figures.

Spectacles And Goggles Imports

Imports in South-Eastern Asia

In 2022, the amount of spectacles and goggles imported in South-Eastern Asia fell modestly to X units, shrinking by X% against the previous year's figure. Over the period under review, imports, however, continue to indicate modest growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The volume of import peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, spectacles and goggles imports expanded to $X in 2022. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Thailand represented the main importer of spectacles and goggles in South-Eastern Asia, with the volume of imports reaching X units, which was approx. X% of total imports in 2022. Malaysia (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (X%), Singapore (X%) and Indonesia (X%). Vietnam (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to spectacles and goggles imports into Thailand stood at X%. At the same time, the Philippines (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Indonesia, Vietnam, Singapore and Malaysia experienced a relatively flat trend pattern. While the share of the Philippines (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (X p.p.) and Malaysia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X), Thailand ($X) and Singapore ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Malaysia, Vietnam and the Philippines lagged somewhat behind, together accounting for a further X%.

The Philippines, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, growing by X% against the previous year. Overall, the import price, however, continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform