Report Update Nov 1, 2024

Indonesia - Sunglasses - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Indonesia: Sunglasses Market 2024

Sunglasses Market Size in Indonesia

In 2022, the Indonesian sunglasses market increased by 16% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption showed notable growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Sunglasses Exports

Exports from Indonesia

In 2022, the amount of sunglasses exported from Indonesia fell slightly to X units, reducing by -2.7% compared with the previous year's figure. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 101%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, sunglasses exports expanded slightly to $X in 2022. Overall, exports showed a perceptible curtailment. The pace of growth was the most pronounced in 2018 with an increase of 85%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Singapore (X units), Morocco (X units) and Australia (X units) were the main destinations of sunglasses exports from Indonesia, together comprising 61% of total exports.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +67.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sunglasses exported from Indonesia were Singapore ($X), Australia ($X) and Morocco ($X), together accounting for 60% of total exports.

In terms of the main countries of destination, Australia, with a CAGR of +76.4%, 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 sunglasses export price amounted to $X per unit, growing by 5.4% against the previous year. Over the last decade, it increased at an average annual rate of +5.2%. The growth pace was the most rapid in 2014 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to France ($X per unit) and Australia ($X per unit), while the average price for exports to Morocco ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Sunglasses Imports

Imports into Indonesia

In 2022, overseas purchases of sunglasses were finally on the rise to reach X units after three years of decline. Overall, imports showed noticeable growth. The pace of growth was the most pronounced in 2017 with an increase of 99%. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, sunglasses imports surged to $X in 2022. In general, imports saw a tangible increase. The pace of growth was the most pronounced in 2017 when imports increased by 102%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of sunglasses to Indonesia, with a 64% share of total imports. Moreover, sunglasses imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The United States (X units) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+19.3% per year) and the United States (-5.9% per year).

In value terms, China ($X) constituted the largest supplier of sunglasses to Indonesia, comprising 64% of total imports. The second position in the ranking was held by Italy ($X), with a 19% share of total imports. It was followed by the United States, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+20.8% per year) and the United States (-4.8% per year).

Import Prices by Country

The average sunglasses import price stood at $X per unit in 2022, with an increase of 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per unit) and China ($X per unit), while the price for Hong Kong SAR ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sunglasses in the world?

The countries with the highest volumes of in 2021 were China, the United States and Japan, together accounting for 58% of global consumption. These countries were followed by Bangladesh, Germany, India, Turkey, Italy, South Korea and Saudi Arabia, which together accounted for a further 17%.

What are the largest producers of sunglasses in the world?

China constituted the country with the largest volume of sunglasses production, comprising approx. 45% of total volume. Moreover, sunglasses production in China exceeded the figures recorded by the second-largest producer, the United States, fourfold. Italy ranked third in terms of total production with a 5.9% share.

What are the leading suppliers of sunglasses to Indonesia?

In value terms, China constituted the largest supplier of sunglasses to Indonesia.

What are the leading importers of sunglasses from Indonesia?

In value terms, Hong Kong SAR, Australia and Singapore appeared to be the largest markets for sunglasses exported from Indonesia worldwide, with a combined 69% share of total exports.

What is the average export price for sunglasses in Indonesia?

In 2021, the average sunglasses export price amounted to $39 per unit, declining by -5.7% against the previous year.

What is the average import price for sunglasses in Indonesia?

The average sunglasses import price stood at $1.5 per unit in 2021, growing by 5% against the previous year.

This report provides an in-depth analysis of the sunglasses market in Indonesia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32504250 - Sunglasses

Country coverage:

Indonesia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Indonesia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023