Ireland: Sunglasses Market 2024

Sunglasses Market Size in Ireland

After three years of decline, the Irish sunglasses market increased by 239% to $X in 2022. Overall, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Sunglasses Production in Ireland

In value terms, sunglasses production surged to $X in 2022 estimated in export price. Over the period under review, production, however, faced a deep contraction. Sunglasses production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Sunglasses Exports

Exports from Ireland

In 2022, shipments abroad of sunglasses was finally on the rise to reach X units after five years of decline. Overall, exports recorded noticeable growth. The most prominent rate of growth was recorded in 2014 when exports increased by 73% against the previous year. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, sunglasses exports soared to $X in 2022. In general, exports showed strong growth. The growth pace was the most rapid in 2014 with an increase of 78%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X units) was the main destination for sunglasses exports from Ireland, accounting for a 35% share of total exports. Moreover, sunglasses exports to the UK exceeded the volume sent to the second major destination, France (X units), threefold. The third position in this ranking was taken by Spain (X units), with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume to the UK stood at +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+47.7% per year) and Spain (+18.2% per year).

In value terms, France ($X), Italy ($X) and the Netherlands ($X) appeared to be the largest markets for sunglasses exported from Ireland worldwide, together comprising 40% of total exports.

Italy, with a CAGR of +87.7%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the average sunglasses export price amounted to $X per unit, with a decrease of -4% against the previous year. Overall, the export price, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2021 an increase of 97%. As a result, the export price reached the peak level of $X per unit, and then declined modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per unit), while the average price for exports to the UK ($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 South Africa (+28.7%), while the prices for the other major destinations experienced more modest paces of growth.

Sunglasses Imports

Imports into Ireland

In 2022, overseas purchases of sunglasses increased by 374% to X units for the first time since 2018, thus ending a three-year declining trend. In general, imports saw a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sunglasses imports dropped sharply to $X in 2022. Over the period under review, imports showed a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 65%. As a result, imports attained the peak of $X, and then fell significantly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of sunglasses to Ireland, with a 84% share of total imports. Moreover, sunglasses imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. The UK (X units) ranked third in terms of total imports with a 5% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.5% per year) and the UK (-8.5% per year).

In value terms, Italy ($X), China ($X) and the UK ($X) were the largest sunglasses suppliers to Ireland, together accounting for 83% of total imports.

Italy, with a CAGR of +11.9%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average sunglasses import price stood at $X per unit in 2022, with a decrease of -83.1% against the previous year. In general, the import price recorded a pronounced slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 425% against the previous year. As a result, import price attained the peak level of $X per unit, and then fell dramatically in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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