Report Update Nov 1, 2024

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

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Malaysia: Sunglasses Market 2024

Sunglasses Market Size in Malaysia

In 2022, the Malaysian sunglasses market increased by 23% to $X, rising for the second consecutive year after seven years of decline. Over the period under review, consumption, however, showed a abrupt downturn. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Sunglasses Exports

Exports from Malaysia

In 2022, exports of sunglasses from Malaysia surged to X units, growing by 60% compared with the previous year. Over the period under review, exports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2016 with an increase of 163% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, sunglasses exports soared to $X in 2022. Overall, exports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2016 with an increase of 162%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X units), Slovakia (X units) and Brazil (X units) were the main destinations of sunglasses exports from Malaysia, together comprising 37% of total exports. Hungary, Brunei Darussalam, Saudi Arabia, the United Arab Emirates, Indonesia, China, Singapore, Macao SAR, Thailand and Mexico lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +56.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sunglasses exported from Malaysia were Turkey ($X), Hungary ($X) and China ($X), together accounting for 30% of total exports.

China, with a CAGR of +72.3%, recorded the highest rates of growth with regard to 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

The average sunglasses export price stood at $X per unit in 2022, falling by -16.1% against the previous year. In general, the export price saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 27%. The export price peaked at $X per unit in 2012; however, from 2013 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 China ($X per unit), while the average price for exports to Slovakia ($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 China (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Sunglasses Imports

Imports into Malaysia

In 2022, overseas purchases of sunglasses were finally on the rise to reach X units for the first time since 2013, thus ending a eight-year declining trend. Overall, imports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2013 when imports increased by 160%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, sunglasses imports reduced to $X in 2022. Over the period under review, imports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2013 with an increase of 66%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main sunglasses supplier to Malaysia, accounting for a approx. 97% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -5.9%.

In value terms, China ($X) constituted the largest supplier of sunglasses to Malaysia.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +4.9%.

Import Prices by Country

In 2022, the average sunglasses import price amounted to $X per unit, which is down by -45.1% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 55%. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then dropped dramatically in the following year.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +11.4% per year.

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, with a combined 58% share 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, accounting for 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 Malaysia?

In value terms, the largest sunglasses suppliers to Malaysia were Italy, China and Japan, with a combined 71% share of total imports.

What are the leading importers of sunglasses from Malaysia?

In value terms, Hong Kong SAR, Singapore and the Philippines were the largest markets for sunglasses exported from Malaysia worldwide, together comprising 68% of total exports. China, Indonesia, Germany, Brunei Darussalam, Vietnam, Turkey and Kiribati lagged somewhat behind, together accounting for a further 25%.

What is the average export price for sunglasses in Malaysia?

The average sunglasses export price stood at $12 per unit in 2021, growing by 45% against the previous year.

What is the average import price for sunglasses in Malaysia?

In 2021, the average sunglasses import price amounted to $5.7 per unit, growing by 16% against the previous year.

This report provides an in-depth analysis of the sunglasses market in Malaysia. 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:

Malaysia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Malaysia
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