ASEAN: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in ASEAN

In 2023, the ASEAN spectacles and goggles market increased by X% to $X, rising for the second consecutive year after four years of decline. Over the period under review, consumption, however, saw a deep contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Spectacles And Goggles Production in ASEAN

In value terms, spectacles and goggles production reduced to $X in 2023 estimated in export price. Overall, production continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Spectacles And Goggles Exports

Exports in ASEAN

In 2023, shipments abroad of spectacles and goggles decreased by X% to X units, falling for the second year in a row after two years of growth. Total exports indicated a noticeable expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports attained the peak of X units. From 2017 to 2023, the growth of the exports remained at a lower figure.

In value terms, spectacles and goggles exports dropped to $X in 2023. Total exports indicated pronounced growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of export peaked at $X in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X units) and Malaysia (X units) dominates exports structure, together comprising X% of total exports. Vietnam (X units) held the next position in the ranking, followed by Singapore (X units). All these countries together took approx. X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

From 2012 to 2023, the average annual growth rate of value in Thailand totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2023, picking up by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced mixed trends in the export price figures.

Spectacles And Goggles Imports

Imports in ASEAN

After three years of decline, purchases abroad of spectacles and goggles increased by X% to X units in 2023. Overall, imports recorded a noticeable increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

In value terms, spectacles and goggles imports rose rapidly to $X in 2023. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Thailand was the main importing country with an import of around X units, which resulted at X% of total imports. It was distantly followed by Vietnam (X units), Indonesia (X units), Malaysia (X units), the Philippines (X units) and Singapore (X units), together creating a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to spectacles and goggles imports into Thailand stood at X%. At the same time, Vietnam (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. Malaysia experienced a relatively flat trend pattern. By contrast, Indonesia (X%) and Singapore (X%) illustrated a downward trend over the same period. Vietnam (X p.p.), Thailand (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total imports, while Malaysia, Singapore and Indonesia saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

In value terms, the largest spectacles and goggles importing markets in ASEAN were Thailand ($X), Indonesia ($X) and Vietnam ($X), together comprising X% of total imports. Singapore, Malaysia and the Philippines lagged somewhat behind, together accounting for a further X%.

The Philippines, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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 2023, the import price in ASEAN amounted to $X per unit, declining by X% against the previous year. Overall, the import price showed a pronounced setback. The pace of growth was the most pronounced in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform