Asia: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in Asia

The Asian spectacles and goggles market contracted slightly to $X in 2023, with a decrease of X% against the previous year. In general, consumption saw a deep setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Spectacles And Goggles Production in Asia

In value terms, spectacles and goggles production shrank modestly to $X in 2023 estimated in export price. Over the period under review, production recorded a deep slump. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Spectacles And Goggles Exports

Exports in Asia

In 2023, shipments abroad of spectacles and goggles increased by X% to X units for the first time since 2020, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, spectacles and goggles exports dropped slightly to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, the exports reached the peak of $X. From 2021 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, China (X units) represented the main exporter of spectacles and goggles, achieving X% of total exports. It was distantly followed by Taiwan (Chinese) (X units), committing a X% share of total exports. The following exporters - Hong Kong SAR (X units), Thailand (X units) and Malaysia (X units) - each reached a 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 Thailand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest spectacles and goggles supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in China amounted to X%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2023, the export price in Asia amounted to $X per unit, declining by X% against the previous year. Overall, the export price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2022, and then dropped in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

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

Spectacles And Goggles Imports

Imports in Asia

Spectacles and goggles imports was estimated at X units in 2023, surging by X% compared with the previous year's figure. In general, imports, however, recorded a perceptible curtailment. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. The volume of import peaked at X units in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, spectacles and goggles imports expanded markedly to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of import peaked in 2023 and is likely to see steady growth in the near future.

Imports by Country

In 2023, Japan (X units) and Thailand (X units) represented the main importers of spectacles and goggles in Asia, together recording near X% of total imports. India (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (X%), the United Arab Emirates (X%), Vietnam (X%) and Indonesia (X%). Malaysia (X units), South Korea (X units), the Philippines (X units), Singapore (X units) and Taiwan (Chinese) (X units) held a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported spectacles and goggles in Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with an X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Hong Kong SAR totaled X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2023, the import price in Asia amounted to $X per unit, picking up by X% against the previous year. Import price indicated a noticeable expansion from 2012 to 2023: its price 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, spectacles and goggles import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure in 2023 and is expected to retain growth in the immediate term.

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 Hong Kong SAR ($X per unit), while Thailand ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform