Report Update Nov 1, 2024

Myanmar - Spectacles and Goggles - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in Myanmar

After two years of growth, the Myanmar's spectacles and goggles market decreased by -21% to $X in 2021. Overall, consumption, however, saw a significant expansion. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Spectacles And Goggles Exports

Exports from Myanmar

Spectacles and goggles exports from Myanmar skyrocketed to X units in 2021, rising by 66% on 2020 figures. In general, exports saw a significant increase. The growth pace was the most rapid in 2018 with an increase of 275%. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, spectacles and goggles exports skyrocketed to $X in 2021. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2018 with an increase of 357% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Norway (X units) was the main destination for spectacles and goggles exports from Myanmar, accounting for a 96% share of total exports. It was followed by South Korea (X units), with a 2.8% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (0.0% per year) and Thailand (-24.6% per year).

In value terms, Norway ($X) emerged as the key foreign market for spectacles and goggles exports from Myanmar, comprising 14% of total exports. The second position in the ranking was held by South Korea ($X), with a 0.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (0.0% per year) and Thailand (+44.8% per year).

Export Prices by Country

The average spectacles and goggles export price stood at $X per unit in 2021, with a decrease of -14.8% against the previous year. In general, the export price showed a noticeable reduction. The growth pace was the most rapid in 2018 an increase of 22% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, 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 Thailand ($X per unit), while the average price for exports to Norway ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+124.0%).

Spectacles And Goggles Imports

Imports into Myanmar

In 2021, after two years of growth, there was significant decline in overseas purchases of spectacles and goggles, when their volume decreased by -43.1% to X units. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 6,354%. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, spectacles and goggles imports dropped to $X in 2021. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 4,405% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Japan (X units) constituted the largest spectacles and goggles supplier to Myanmar, accounting for a 72% share of total imports. Moreover, spectacles and goggles imports from Japan exceeded the figures recorded by the second-largest supplier, China (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume from Japan stood at +94.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+80.6% per year) and South Korea (-56.7% per year).

In value terms, China ($X) constituted the largest supplier of spectacles and goggles to Myanmar, comprising 87% of total imports. The second position in the ranking was taken by Japan ($X), with a 4.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +110.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+40.2% per year) and South Korea (+22.8% per year).

Import Prices by Country

The average spectacles and goggles import price stood at $X per unit in 2021, surging by 66% against the previous year. Over the period under review, the import price posted a strong expansion. The most prominent rate of growth was recorded in 2018 an increase of 90%. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+183.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for spectacles and goggles in the world?

The countries with the highest volumes of spectacles and goggles consumption in 2020 were China, the United States and India, with a combined 41% share of global consumption. These countries were followed by the UK, Japan, Australia, Mexico, Italy, Germany, Ireland and South Korea, which together accounted for a further 30%.

What are the largest producers of spectacles and goggles in the world?

The country with the largest volume of spectacles and goggles production was China, comprising approx. 58% of total volume. Moreover, spectacles and goggles production in China exceeded the figures recorded by the second-largest producer, Taiwan Chinese), sixfold. India ranked third in terms of total production with a 7.8% share.

What are the leading suppliers of spectacles and goggles to Myanmar?

In value terms, China constituted the largest supplier of spectacles and goggles to Myanmar.

What are the leading importers of spectacles and goggles from Myanmar?

In value terms, China emerged as the key foreign market for spectacles and goggles exports from Myanmar, comprising 82% of total exports. The second position in the ranking was occupied by Kuwait $603), with a 15% share of total exports.

What is the average export price for spectacles and goggles in Myanmar?

The average spectacles and goggles export price stood at $1.9 per unit in 2020, growing by 11% against the previous year.

What is the average import price for spectacles and goggles in Myanmar?

The average spectacles and goggles import price stood at $1.9 per unit in 2020, waning by -60.6% against the previous year.

This report provides an in-depth analysis of the spectacles and goggles market in Myanmar. 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 32504290 - Spectacles, goggles and the like, corrective, protective or other (excluding sunglasses)

Country coverage:

Myanmar

Data coverage:

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