Global Personal Spectacle Optics Market 2024

Personal Spectacle Optics Market Size

The global personal spectacle optics market contracted slightly to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, continues to indicate a perceptible setback. Over the period under review, the global market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Personal Spectacle Optics Production

In value terms, personal spectacle optics production declined modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a deep setback. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Global production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Personal Spectacle Optics Exports

Exports

In 2022, after four years of decline, there was growth in shipments abroad of personal spectacle optics, when their volume increased by X% to X units. Over the period under review, exports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2014 with an increase of X%. The global exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, personal spectacle optics exports rose notably 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 pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

China was the key exporter of personal spectacle optics in the world, with the volume of exports finishing at X units, which was near X% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X units), Italy (X units) and the United States (X units), together making up a X% share of total exports. Hong Kong SAR (X units), Mexico (X units), Germany (X units), the Netherlands (X units) and Belgium (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to personal spectacle optics exports from China stood at X%. At the same time, Mexico (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. The United States experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (X%), Italy (X%), the Netherlands (X%), Hong Kong SAR (X%) and Germany (X%) illustrated a downward trend over the same period. While the share of Taiwan (Chinese) (X p.p.), Mexico (X p.p.), the United States (X p.p.) and Italy (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Italy ($X) and Hong Kong SAR ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of global exports. The United States, Germany, Taiwan (Chinese), the Netherlands, Mexico and Belgium lagged somewhat behind, together comprising a further X%.

Belgium, with a CAGR of X%, saw the highest rates of growth with regard to 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 personal spectacle optics export price amounted to $X per unit, growing by X% against the previous year. In general, the export price saw a resilient increase. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: 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.

Personal Spectacle Optics Imports

Imports

In 2022, the amount of personal spectacle optics imported worldwide reached X units, picking up by X% compared with 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X units; afterwards, it flattened through to 2022.

In value terms, personal spectacle optics imports reached $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Global imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X units) was the key importer of personal spectacle optics, generating X% of total imports. India (X units) ranks second in terms of the total imports with a X% share, followed by the UK (X%) and Mexico (X%). The following importers - Canada (X units), Germany (X units), Hong Kong SAR (X units), Australia (X units), Japan (X units), France (X units), Italy (X units), Spain (X units) and Russia (X units) - together made up X% of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of personal spectacle optics. At the same time, Germany (X%), India (X%), France (X%), Italy (X%), Spain (X%), Canada (X%), Mexico (X%), Australia (X%) and the UK (X%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Japan experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (X%) and Russia (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 Hong Kong SAR (X p.p.), Russia (X p.p.) and 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 ($X) constitutes the largest market for imported personal spectacle optics worldwide, comprising X% of global imports. The second position in the ranking was held by Hong Kong SAR ($X), with an X% share of global imports. It was followed by Italy, with a X% share.

In the United States, personal spectacle optics imports expanded at an average annual rate of X% over the period from 2012-2022. 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 personal spectacle optics import price stood at $X per unit in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Global import price peaked at $X per unit in 2019; however, from 2020 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 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