Malta: Sunglasses Market 2020

Sunglasses Market Size in Malta

The revenue of the sunglasses market in Malta amounted to $X in 2018, surging by X% against the previous year. Over the period under review, sunglasses consumption, however, continues to indicate an abrupt curtailment. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Malta sunglasses consumption peaked at $X in 2015; however, from 2016 to 2018, consumption failed to regain its momentum.

Sunglasses Production in Malta

In value terms, sunglasses production stood at $X in 2018 estimated in export prices. Over the period under review, sunglasses production continues to indicate a drastic curtailment. The growth pace was the most rapid in 2012 when production volume increased by X% year-to-year. In that year, sunglasses production attained its peak level of $X. From 2013 to 2018, sunglasses production growth remained at a somewhat lower figure.

Sunglasses Exports

Exports from Malta

Sunglasses exports from Malta totaled X units in 2018, surging by X% against the previous year. Overall, sunglasses exports continue to indicate a moderate increase. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Malta exports peaked at X units in 2012; however, from 2013 to 2018, exports remained at a lower figure.

In value terms, sunglasses exports stood at $X in 2018. Over the period under review, sunglasses exports continue to indicate a remarkable expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% year-to-year. In that year, sunglasses exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

China dominates sunglasses exports structure, finishing at X units, which was approx. X% of total exports in 2018. It was distantly followed by Italy (X units), mixing up a X% share of total exports. China, Hong Kong SAR (X units), Taiwan, Chinese (X units), the U.S. (X units) and Germany (X units) occupied a minor share of total exports.

From 2007 to 2018, average annual rates of growth with regard to sunglasses exports from China stood at +X%. At the same time, China, Hong Kong SAR (+X%), Germany (+X%), the U.S. (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, China, Hong Kong SAR emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Taiwan, Chinese (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China and China, Hong Kong SAR increased by +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X), China ($X) and China, Hong Kong SAR ($X) appeared to be the countries with the highest levels of exports in 2018, with a combined X% share of total exports. The U.S., Germany, Taiwan, Chinese and Malta lagged somewhat behind, together comprising a further X experienced the highest rates of growth with regard to exports, in terms of the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The sunglasses export price in Malta stood at $X per unit in 2018, picking up by X% against the previous year. Overall, the sunglasses export price continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Malta export price peaked in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Italy ($X per unit), while China ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Taiwan, Chinese, while the other leaders experienced more modest paces of growth.

Sunglasses Imports

Imports into Malta

In 2018, approx. X units of sunglasses were imported into Malta; declining by -X% against the previous year. In general, sunglasses imports continue to indicate a drastic contraction. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. In that year, sunglasses imports attained their peak of X units. From 2016 to 2018, the growth of sunglasses imports failed to regain its momentum.

In value terms, sunglasses imports totaled $X in 2018. In general, sunglasses imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Over the period under review, sunglasses imports reached their peak figure at $X in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The U.S. was the main importing country with an import of about X units, which accounted for X% of total imports. China, Hong Kong SAR (X units) ranks second in terms of the total imports with a X% share, followed by India (X%), Germany (X%) and the UK (X%). Mexico (X units), Italy (X units), the Netherlands (X units), France (X units), Japan (X units), Canada (X units) and Australia (X units) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to sunglasses imports into the U.S. stood at -X%. At the same time, India (+X%), the Netherlands (+X%) and Mexico (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Italy, France, Japan, the UK, Australia, Germany and Canada experienced a relatively flat trend pattern. By contrast, China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of India increased by +X% percentage points, while China, Hong Kong SAR (-X p.p.) and the U.S. (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported sunglasses into Malta, comprising X% of global imports. The second position in the ranking was occupied by China, Hong Kong SAR ($X), with a X% share of global imports. It was followed by Italy, with a X% share.

In the U.S., sunglasses imports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: China, Hong Kong SAR (+X% per year) and Italy (+X% per year).

Import Prices by Country

The sunglasses import price in Malta stood at $X per unit in 2018, lowering by -X% against the previous year. Over the period under review, the sunglasses import price, however, continues to indicate a buoyant increase. The growth pace was the most rapid in 2017 an increase of X% against the previous year. In that year, the import prices for sunglasses reached their peak level of $X per unit, and then declined slightly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was China, Hong Kong SAR ($X per unit), while India ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform