Malaysia: Personal Spectacle Optics Market 2024

Personal Spectacle Optics Market Size in Malaysia

In 2022, the Malaysian personal spectacle optics market was finally on the rise to reach $X after four years of decline. Overall, the total consumption indicated a slight expansion 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. Personal spectacle optics consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Personal Spectacle Optics Production in Malaysia

In value terms, personal spectacle optics production fell modestly to $X in 2022 estimated in export price. In general, production, however, showed a resilient expansion. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Personal Spectacle Optics Exports

Exports from Malaysia

In 2022, personal spectacle optics exports from Malaysia reduced to X units, waning by X% on 2021. Overall, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, personal spectacle optics exports declined markedly to $X in 2022. Over the period under review, exports showed a noticeable reduction. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports attained 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) was the main destination for personal spectacle optics exports from Malaysia, accounting for a X% share of total exports. Moreover, personal spectacle optics exports to the United States exceeded the volume sent to the second major destination, India (X units), fivefold. The third position in this ranking was taken by Brazil (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Brazil (X% per year).

In value terms, the United States ($X) remains the key foreign market for personal spectacle optics exports from Malaysia, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Indonesia (X% per year).

Export Prices by Country

The average personal spectacle optics export price stood at $X per unit in 2022, declining by X% against the previous year. Overall, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

Personal Spectacle Optics Imports

Imports into Malaysia

In 2022, imports of personal spectacle optics into Malaysia skyrocketed to X units, rising by X% against the year before. Over the period under review, imports saw a mild expansion. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, personal spectacle optics imports soared to $X in 2022. In general, imports, however, showed a pronounced contraction. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of personal spectacle optics to Malaysia, with a X% share of total imports. Moreover, personal spectacle optics imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), sixfold. Japan (X units) ranked third in terms of total imports with a X% share.

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

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

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The average personal spectacle optics import price stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :