Eastern Asia: Personal Spectacle Optics Market 2024

Personal Spectacle Optics Market Size in Eastern Asia

In 2022, the East Asian personal spectacle optics market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Personal Spectacle Optics Production in Eastern Asia

In value terms, personal spectacle optics production shrank modestly to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2016 with an increase of X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Personal Spectacle Optics Exports

Exports in Eastern Asia

In 2022, overseas shipments of personal spectacle optics increased by X% to X units for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports, however, saw a perceptible reduction. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, personal spectacle optics exports totaled $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

China was the major exporter of personal spectacle optics in Eastern Asia, with the volume of exports amounting to X units, which was near X% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X units), committing a X% share of total exports. Hong Kong SAR (X units) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of X% from 2012 to 2022. Taiwan (Chinese) (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Taiwan (Chinese) increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest personal spectacle optics supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports.

In China, personal spectacle optics exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, with a decrease of X% against the previous year. In general, the export price, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of export peaked at $X per unit in 2021, and then declined sharply 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 2022, 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.

Personal Spectacle Optics Imports

Imports in Eastern Asia

In 2022, supplies from abroad of personal spectacle optics was finally on the rise to reach X units after five years of decline. Overall, imports, however, showed a mild descent. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, personal spectacle optics imports amounted to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Hong Kong SAR (X units) and Japan (X units) prevails in imports structure, together making up X% of total imports. It was distantly followed by China (X units), constituting a X% share of total imports. The following importers - Taiwan (Chinese) (X units) and South Korea (X units) - each finished at a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

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

In Hong Kong SAR, personal spectacle optics imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, falling by X% against the previous year. Over the period under review, the import price, however, continues to indicate strong growth. The growth pace was the most rapid in 2021 an increase of X%. As a result, import price attained the peak level of $X per unit, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, 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

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