Hong Kong SAR, China: Personal Spectacle Optics Market 2024

Personal Spectacle Optics Market Size in Hong Kong SAR, China

For the fifth consecutive year, the Hong Kong personal spectacle optics market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption enjoyed a remarkable increase. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Personal Spectacle Optics Production in Hong Kong SAR, China

In value terms, personal spectacle optics production contracted dramatically to $X in 2022 estimated in export price. Overall, production saw a significant decline. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Personal Spectacle Optics Exports

Exports from Hong Kong SAR, China

In 2022, the amount of personal spectacle optics exported from Hong Kong SAR fell to X units, shrinking by X% against the previous year's figure. In general, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, personal spectacle optics exports shrank slightly to $X in 2022. Over the period under review, total exports indicated moderate growth 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units), Italy (X units) and Australia (X units) were the main destinations of personal spectacle optics exports from Hong Kong SAR, together comprising X% of total exports. China, France, the UK, Germany, the Netherlands, Spain, Japan, Russia, India and Canada lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Australia ($X) and Italy ($X) appeared to be the largest markets for personal spectacle optics exported from Hong Kong SAR worldwide, with a combined X% share of total exports. China, Japan, Spain, India, France, Germany, the Netherlands, the UK, Russia and Canada lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Spain, with a CAGR of X%, 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 average personal spectacle optics export price amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price showed a strong expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to the UK ($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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Personal Spectacle Optics Imports

Imports into Hong Kong SAR, China

In 2022, overseas purchases of personal spectacle optics increased by X% to X units, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, personal spectacle optics imports rose to $X in 2022. Overall, imports showed buoyant growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest personal spectacle optics supplier to Hong Kong SAR, accounting for a X% share of total imports. Moreover, personal spectacle optics imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of personal spectacle optics to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average personal spectacle optics import price amounted to $X per unit, standing approx. at the previous year. Over the period under review, the import price, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked at $X per unit in 2021, and then dropped modestly in the following year.

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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :