Czech Republic: Sunglasses Market 2024

Sunglasses Market Size in the Czech Republic

In 2022, the Czech sunglasses market increased by 6.2% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +15.0% against 2020 indices. Sunglasses consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Sunglasses Production in the Czech Republic

In value terms, sunglasses production totaled $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 121%. Sunglasses production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Sunglasses Exports

Exports from the Czech Republic

In 2022, shipments abroad of sunglasses was finally on the rise to reach X units after two years of decline. Over the period under review, exports posted prominent growth. The growth pace was the most rapid in 2013 with an increase of 117% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, sunglasses exports fell to $X in 2022. Overall, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +4.8% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 74% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for sunglasses exports from the Czech Republic, accounting for a 45% share of total exports. Moreover, sunglasses exports to Germany exceeded the volume sent to the second major destination, Austria (X units), threefold. The third position in this ranking was taken by Slovakia (X units), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +33.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+0.1% per year) and Slovakia (+7.0% per year).

In value terms, the largest markets for sunglasses exported from the Czech Republic were Germany ($X), Austria ($X) and Slovakia ($X), with a combined 73% share of total exports.

Germany, with a CAGR of +28.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sunglasses export price stood at $X per unit in 2022, waning by -30.1% against the previous year. Overall, the export price saw a pronounced descent. The pace of growth appeared the most rapid in 2017 when the average export price increased by 51% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Portugal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Sunglasses Imports

Imports into the Czech Republic

In 2022, approx. X units of sunglasses were imported into the Czech Republic; rising by 14% compared with the previous year. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 15% against the previous year. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, sunglasses imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 26%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of sunglasses to the Czech Republic, with a 86% share of total imports. Moreover, sunglasses imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold. Italy (X units) ranked third in terms of total imports with a 3% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+7.3% per year) and Italy (+14.2% per year).

In value terms, the largest sunglasses suppliers to the Czech Republic were China ($X), Italy ($X) and Taiwan (Chinese) ($X), together comprising 80% of total imports.

Italy, with a CAGR of +16.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sunglasses import price stood at $X per unit in 2022, almost unchanged from the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sunglasses import price increased by +87.0% against 2015 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 48% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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