Eastern Asia: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in Eastern Asia

The East Asian spectacles and goggles market fell modestly to $X in 2023, shrinking by X% against the previous year. In general, consumption continues to indicate a deep downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Spectacles And Goggles Production in Eastern Asia

In value terms, spectacles and goggles production reduced modestly to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Spectacles And Goggles Exports

Exports in Eastern 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. Over the period under review, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, spectacles and goggles exports fell to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

In 2023, China (X units) was the major exporter of spectacles and goggles, making up X% of total exports. It was distantly followed by Taiwan (Chinese) (X units), constituting a X% share of total exports. Hong Kong SAR (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

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

From 2012 to 2023, the average annual growth rate of value in China stood at 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 Eastern Asia amounted to $X per unit, falling by X% against the previous year. Overall, the export price, however, saw strong growth. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2022, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while Taiwan (Chinese) ($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 Eastern Asia

Spectacles and goggles imports reduced to X units in 2023, which is down by X% on the previous year's figure. In general, imports showed a perceptible contraction. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, spectacles and goggles imports expanded sharply 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 indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked in 2023 and is likely to see gradual growth in the immediate term.

Imports by Country

Japan represented the key importer of spectacles and goggles in Eastern Asia, with the volume of imports finishing at X units, which was near X% of total imports in 2023. Hong Kong SAR (X units) ranks second in terms of the total imports with a X% share, followed by South Korea (X%). Taiwan (Chinese) (X units), China (X units) and Macao SAR (X units) took a little share of total imports.

Imports into Japan increased at an average annual rate of X% from 2012 to 2023. At the same time, Macao SAR (X%) displayed positive paces of growth. Moreover, Macao SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2023. Taiwan (Chinese) and South Korea experienced a relatively flat trend pattern. By contrast, China (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Japan increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2023, with an increase of X% against the previous year. Import price indicated a resilient increase 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 2017 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 hit record highs in 2023 and is likely to continue growth in years to come.

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 ($X per unit), while Taiwan (Chinese) ($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