Eastern Europe: Sunglasses Market 2024

Sunglasses Market Size in Eastern Europe

The East European sunglasses market declined to $X in 2022, waning by -3.7% against the previous year. In general, consumption saw a mild downturn. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Sunglasses Production in Eastern Europe

In value terms, sunglasses production amounted to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 30%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Sunglasses Exports

Exports in Eastern Europe

In 2022, shipments abroad of sunglasses increased by 32% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports saw a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of 45%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, sunglasses exports amounted to $X in 2022. Overall, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 45%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Poland represented the major exporting country with an export of around X units, which accounted for 48% of total exports. The Czech Republic (X units) held a 17% share (based on physical terms) of total exports, which put it in second place, followed by Hungary (16%) and Slovakia (5.3%). Romania (X units), Russia (X units) and Belarus (X units) followed a long way behind the leaders.

Exports from Poland increased at an average annual rate of +15.4% from 2012 to 2022. At the same time, Belarus (+36.1%), Russia (+21.7%), Hungary (+18.0%), Slovakia (+12.1%), the Czech Republic (+10.4%) and Romania (+2.4%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +36.1% from 2012-2022. From 2012 to 2022, the share of Poland, Hungary and Belarus increased by +6.7, +4.8 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X), the Czech Republic ($X) and Hungary ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 68% of total exports. Belarus, Romania, Slovakia and Russia lagged somewhat behind, together comprising a further 14%.

In terms of the main exporting countries, Belarus, with a CAGR of +41.5%, 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.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, with a decrease of -23.1% against the previous year. Overall, the export price continues to indicate a slight setback. The most prominent rate of growth was recorded in 2021 when the export price increased by 20% against the previous year. As a result, the export price attained the peak level of $X per unit, and then fell remarkably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belarus ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+5.8%), while the other leaders experienced more modest paces of growth.

Sunglasses Imports

Imports in Eastern Europe

In 2022, the amount of sunglasses imported in Eastern Europe totaled X units, with an increase of 4.4% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.5% 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 was the most pronounced in 2016 when imports increased by 35%. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, sunglasses imports expanded slightly to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.0% 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 +44.3% against 2020 indices. The pace of growth was the most pronounced in 2016 when imports increased by 47% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Poland (X units) and Russia (X units) represented the main importers of sunglasses in 2022, reaching approx. 28% and 28% of total imports, respectively. The Czech Republic (X units) ranks next in terms of the total imports with a 12% share, followed by Ukraine (7.2%), Hungary (6.9%) and Romania (6%). Slovakia (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +10.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sunglasses importing markets in Eastern Europe were Poland ($X), Russia ($X) and the Czech Republic ($X), together comprising 60% of total imports. Slovakia, Romania, Hungary and Ukraine lagged somewhat behind, together accounting for a further 23%.

In terms of the main importing countries, Slovakia, with a CAGR of +14.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2022, standing approx. at the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 28% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+8.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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