Sweden: Sunglasses Market 2024

Sunglasses Market Size in Sweden

In 2022, the Swedish sunglasses market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, saw a perceptible contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Sunglasses Production in Sweden

In value terms, sunglasses production surged to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt downturn. Sunglasses production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Sunglasses Exports

Exports from Sweden

In 2022, approx. X units of sunglasses were exported from Sweden; picking up by X% against the previous year. Overall, total exports indicated a buoyant expansion from 2012 to 2022: its volume 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, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, sunglasses exports skyrocketed to $X in 2022. Over the period under review, exports saw a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Norway (X units) was the main destination for sunglasses exports from Sweden, with a X% share of total exports. Moreover, sunglasses exports to Norway exceeded the volume sent to the second major destination, Finland (X units), twofold. Denmark (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and Denmark (X% per year).

In value terms, Norway ($X) remains the key foreign market for sunglasses exports from Sweden, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Finland, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Finland (X% per year).

Export Prices by Country

In 2022, the average sunglasses export price amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price, however, saw a strong expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then declined in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sunglasses Imports

Imports into Sweden

In 2022, sunglasses imports into Sweden rose rapidly to X units, with an increase of X% on the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, sunglasses imports rose rapidly to $X in 2022. Over the period under review, imports posted a moderate expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of sunglasses to Sweden, accounting for a X% share of total imports. Moreover, sunglasses imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), eightfold. Germany (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Germany (X% per year).

In value terms, Germany ($X), China ($X) and Italy ($X) constituted the largest sunglasses suppliers to Sweden, together accounting for X% of total imports.

Among the main suppliers, Germany, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average sunglasses import price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price, however, enjoyed a pronounced increase. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The import price peaked at $X per unit in 2021, and then fell slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform