China - Personal Spectacle Optics - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

China - Personal Spectacle Optics - Market Analysis, Forecast, Size, Trends And Insights

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Personal Spectacle Optics Prices in China

China Personal Spectacle Optics Export Price in December 2021

In December 2021, the personal spectacle optics price amounted to $2.1 per unit (FOB, China), waning by -1.5% against the previous month. Over the last ten-month period, it increased at an average monthly rate of +2.3%. The most prominent rate of growth was recorded in March 2021 an increase of 23% month-to-month. Over the period under review, the average export prices hit record highs at $2.1 per unit in July 2021; afterwards, it flattened through to December 2021.

Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong SAR ($16.3 per unit), while the average price for exports to Indonesia ($865 per thousand units) was amongst the lowest.

From February 2021 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

China Personal Spectacle Optics Export Prices by Type

Prices varied noticeably by the product type; the product with the highest price was sunglasses ($2.9 per unit), while the average price for exports of spectacles and goggles amounted to $1.6 per unit.

From February 2021 to December 2021, the most notable rate of growth in terms of prices was recorded for the following types: spectacles and goggles (+2.4%).

China Personal Spectacle Optics Exports

For the third month in a row, China recorded growth in shipments abroad of personal spectacle optics, which increased by 26% to 181M units in December 2021. Overall, total exports indicated a resilient increase from February 2021 to December 2021: its volume increased at an average monthly rate of +7.6% over the last ten-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, exports increased by +41.3% against September 2021 indices. The most prominent rate of growth was recorded in April 2021 with an increase of 48% month-to-month. Over the period under review, the exports attained the peak figure in December 2021.

In value terms, personal spectacle optics exports skyrocketed to $379M (IndexBox estimates) in December 2021. Over the period under review, total exports indicated a resilient increase from February 2021 to December 2021: its value increased at an average monthly rate of +10.0% over the last ten months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, exports increased by +42.1% against September 2021 indices. The pace of growth appeared the most rapid in March 2021 when exports increased by 35% m-o-m. The exports peaked in December 2021.

China Personal Spectacle Optics Exports by Type

Spectacles and goggles (107M units) and sunglasses (74M units) were the main products of personal spectacle optics exports from China.

From February 2021 to December 2021, the biggest increases were in sunglasses (with a CAGR of +8.1%).

In value terms, the most traded types of personal spectacle optics in China were sunglasses ($210M) and spectacles and goggles ($169M).

Sunglasses, with a CAGR of +10.2%, recorded the highest growth rate of the value of exports, in terms of the main product categories over the period under review.

China Personal Spectacle Optics Exports by Country

The United States (49M units) was the main destination for personal spectacle optics exports from China, accounting for a 27% share of total exports. Moreover, personal spectacle optics exports to the United States exceeded the volume sent to the second major destination, the UK (7.6M units), sevenfold. India (7.5M units) ranked third in terms of total exports with a 4.2% share.

From February 2021 to December 2021, the average monthly rate of growth in terms of volume to the United States totaled +1.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the UK (+1.9% per month) and India (+0.1% per month).

In value terms, the United States ($110M), Hong Kong SAR ($55M) and the UK ($18M) appeared to be the largest markets for personal spectacle optics exported from China worldwide, with a combined 48% share of total exports. These countries were followed by Italy, Germany, France, Japan, India, the Netherlands, Russia, Mexico, the Philippines and Indonesia, which together accounted for a further 23%.

In terms of the main countries of destination, the Philippines, with a CAGR of +11.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the personal spectacle optics market in 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
  • Prodcom 32504290 - Spectacles, goggles and the like, corrective, protective or other (excluding 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 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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Free Data: Personal Spectacle Optics - China