Israel: Sunglasses Market 2024

Sunglasses Market Size in Israel

The Israeli sunglasses market reduced modestly to $X in 2022, remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Sunglasses consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Sunglasses Exports

Exports from Israel

In 2022, shipments abroad of sunglasses decreased by -6.4% to X units, falling for the second consecutive year after two years of growth. Overall, exports, however, posted modest growth. The growth pace was the most rapid in 2013 with an increase of 82%. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, sunglasses exports dropped to $X in 2022. In general, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 82%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), the UK (X units) and Canada (X units) were the main destinations of sunglasses exports from Israel, with a combined 86% share of total exports. The Netherlands, Switzerland and Thailand lagged somewhat behind, together accounting for a further 7.8%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +15.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sunglasses exported from Israel were the United States ($X), the UK ($X) and Canada ($X), together comprising 86% of total exports. The Netherlands, Switzerland and Thailand lagged somewhat behind, together comprising a further 7.8%.

Switzerland, with a CAGR of +21.0%, saw the highest growth rate of the value of exports, among 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, approximately equating the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.7%. The most prominent rate of growth was recorded in 2014 an increase of 36%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Switzerland ($X per unit) and Canada ($X per unit), while the average price for exports to the Netherlands ($X per unit) and Thailand ($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 Switzerland (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Sunglasses Imports

Imports into Israel

Sunglasses imports into Israel contracted modestly to X units in 2022, declining by -4.7% compared with 2021. In general, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 21% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, sunglasses imports reduced modestly to $X in 2022. Overall, total imports indicated a notable increase 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. Based on 2022 figures, imports increased by +45.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of sunglasses to Israel, accounting for a 82% share of total imports. Moreover, sunglasses imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. The third position in this ranking was held by Italy (X units), with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.1% per year) and Italy (-17.8% per year).

In value terms, the largest sunglasses suppliers to Israel were Italy ($X), China ($X) and the United States ($X), with a combined 86% share of total imports. Taiwan (Chinese), Canada and Hong Kong SAR lagged somewhat behind, together accounting for a further 1.9%.

Among the main suppliers, Canada, with a CAGR of +21.1%, recorded the highest rates of growth with regard to 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 average sunglasses import price stood at $X per unit in 2022, rising by 4.5% against the previous year. In general, the import price showed a prominent increase. The growth pace was the most rapid in 2016 an increase of 36%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Canada ($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 (+23.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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