Hong Kong SAR, China - Sunglasses - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHong Kong Sees a Significant Surge in Sunglasses Imports, Reaching a Total Value of $815M by 2023.
Hong Kong Sunglasses Imports
In 2023, approx. 42M units of sunglasses were imported into Hong Kong; with an increase of 7.2% against 2022 figures. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 39%. Imports peaked at 57M units in 2017; however, from 2018 to 2023, imports remained at a lower figure.
In value terms, sunglasses imports stood at $815M (IndexBox estimates) in 2023. In general, imports saw a remarkable increase. The growth pace was the most rapid in 2016 when imports increased by 144% against the previous year. Over the period under review, imports attained the maximum at $825M in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.
| COUNTRY | Import Value of Sunglasses in Hong Kong (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 124 | 181 | 179 | 514 | 500 | 510 | 504 | 347 | 433 | 468 | 523 |
| Italy | 88.8 | 96.7 | 77.9 | 174 | 182 | 209 | 192 | 116 | 136 | 159 | 178 |
| United States | 8.5 | 7.1 | 6.0 | 20.2 | 50.3 | 57.6 | 55.1 | 37.5 | 50.9 | 52.5 | 58.7 |
| Japan | 1.9 | 2.0 | 2.9 | 4.1 | 5.9 | 7.1 | 14.3 | 27.7 | 18.3 | 14.1 | 22.1 |
| France | 16.7 | 17.0 | 13.2 | 10.2 | 9.4 | 9.9 | 11.9 | 5.5 | 4.3 | 4.6 | 5.3 |
| Others | 39.2 | 38.4 | 32.6 | 36.4 | 35.9 | 31.5 | 28.0 | 20.0 | 27.2 | 21.1 | 28.1 |
| Total | 279 | 342 | 312 | 759 | 783 | 825 | 805 | 554 | 670 | 719 | 815 |
Imports by Country
In 2023, China (36M units) constituted the largest supplier of sunglasses to Hong Kong, with a 86% share of total imports. Moreover, sunglasses imports from China exceeded the figures recorded by the second-largest supplier, Italy (3.6M units), tenfold. the United States (1.3M units) ranked third in terms of total imports with a 3.2% share.
From 2013 to 2023, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.8% per year) and the United States (+18.4% per year).
In value terms, China ($523M) constituted the largest supplier of sunglasses to Hong Kong, comprising 64% of total imports. The second position in the ranking was taken by Italy ($178M), with a 22% share of total imports. It was followed by the United States, with a 7.2% share.
From 2013 to 2023, the average annual rate of growth in terms of value from China totaled +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.2% per year) and the United States (+21.4% per year).
Import Prices by Country
In 2023, the sunglasses price amounted to $19 per unit (CIF, Hong Kong), increasing by 5.9% against the previous year. In general, the import price showed a resilient increase. The pace of growth was the most pronounced in 2016 an increase of 75% against the previous year. The import price peaked in 2023 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($50 per unit), while the price for China ($15 per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by China (+15.6%), while the prices for the other major suppliers experienced mixed trend patterns.
This report provides an in-depth analysis of the sunglasses market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32504250 - Sunglasses
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
