CIS: Sunglasses Market 2024

Sunglasses Market Size in CIS

The CIS sunglasses market fell to $X in 2022, with a decrease of -6.6% against the previous year. In general, consumption recorded a perceptible shrinkage. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Sunglasses Production in CIS

In value terms, sunglasses production contracted to $X in 2022 estimated in export price. The total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +8.4% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 64%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Sunglasses Exports

Exports in CIS

Sunglasses exports surged to X units in 2022, picking up by 102% on the year before. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sunglasses exports surged to $X in 2022. In general, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the three major exporters of sunglasses, namely Russia, Belarus and Armenia, represented more than two-thirds of total export. The following exporters - Uzbekistan (X units) and Kyrgyzstan (X units) - together made up 4.5% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Armenia (with a CAGR of +164.3%), while the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Russia ($X) and Armenia ($X) were the countries with the highest levels of exports in 2022, together accounting for 92% of total exports. Uzbekistan and Kyrgyzstan lagged somewhat behind, together accounting for a further 1.7%.

Among the main exporting countries, Uzbekistan, with a CAGR of +197.6%, saw 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.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, dropping by -15.3% against the previous year. Over the period under review, the export price recorded a perceptible slump. The pace of growth appeared the most rapid in 2021 when the export price increased by 35%. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+42.1%), while the other leaders experienced more modest paces of growth.

Sunglasses Imports

Imports in CIS

In 2022, approx. X units of sunglasses were imported in the CIS; with a decrease of -14% on 2021 figures. Over the period under review, imports continue to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2016 with an increase of 94%. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, sunglasses imports rose to $X in 2022. In general, imports showed a abrupt descent. The pace of growth was the most pronounced in 2016 when imports increased by 109%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Russia dominates imports structure, resulting at X units, which was approx. 81% of total imports in 2022. It was distantly followed by Belarus (X units), making up a 7% share of total imports. Kazakhstan (X units), Uzbekistan (X units) and Kyrgyzstan (X units) took a little share of total imports.

Imports into Russia decreased at an average annual rate of -4.6% from 2012 to 2022. At the same time, Kyrgyzstan (+21.6%), Belarus (+20.6%), Kazakhstan (+4.6%) and Uzbekistan (+2.3%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +21.6% from 2012-2022. From 2012 to 2022, the share of Belarus, Uzbekistan, Kazakhstan and Kyrgyzstan increased by +6.2, +3.1, +1.8 and +1.8 percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported sunglasses in the CIS, comprising 65% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 19% share of total imports. It was followed by Belarus, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value in Russia totaled -8.9%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+15.6% per year) and Belarus (+19.0% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, increasing by 19% against the previous year. Over the period under review, the import price, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2017 when the import price increased by 53%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per unit), while Uzbekistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+24.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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