Slovakia: Sunglasses Market 2024

Sunglasses Market Size in Slovakia

The Slovak sunglasses market soared to $X in 2022, picking up by 29% 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). In general, consumption posted a strong increase. Sunglasses consumption peaked in 2022 and is expected to retain growth in the immediate term.

Sunglasses Exports

Exports from Slovakia

In 2022, exports of sunglasses from Slovakia rose sharply to X units, increasing by 15% on the previous year. In general, exports saw a strong expansion. The growth pace was the most rapid in 2013 when exports increased by 97%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, sunglasses exports soared to $X in 2022. Overall, exports saw resilient growth. The growth pace was the most rapid in 2013 with an increase of 114% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Poland (X units), the Czech Republic (X units) and Austria (X units) were the main destinations of sunglasses exports from Slovakia, together accounting for 67% of total exports. Hungary, Romania, Croatia and Slovenia lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of +26.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Hungary ($X) constituted the largest markets for sunglasses exported from Slovakia worldwide, together accounting for 70% of total exports. Austria, Romania, Croatia and Slovenia lagged somewhat behind, together accounting for a further 12%.

Among the main countries of destination, Croatia, with a CAGR of +24.3%, recorded the highest rates of growth with regard to the value of exports, 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, rising by 5.6% against the previous year. In general, the export price, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 39%. 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 remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Austria ($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 Poland (+1.4%), while the prices for the other major destinations experienced a decline.

Sunglasses Imports

Imports into Slovakia

In 2022, sunglasses imports into Slovakia soared to X units, increasing by 20% compared with the previous year. Overall, imports saw resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by 78% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, sunglasses imports surged to $X in 2022. In general, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 127%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of sunglasses to Slovakia, with a 60% share of total imports. Moreover, sunglasses imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), more than tenfold. The third position in this ranking was held by Italy (X units), with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+65.1% per year) and Italy (+26.6% per year).

In value terms, the largest sunglasses suppliers to Slovakia were Italy ($X), China ($X) and Taiwan (Chinese) ($X), with a combined 39% share of total imports.

Among the main suppliers, Italy, with a CAGR of +26.7%, 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

In 2022, the average sunglasses import price amounted to $X per unit, growing by 5.5% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sunglasses import price increased by +56.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 48%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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