Slovenia: Sunglasses Market 2024

Sunglasses Market Size in Slovenia

In 2022, the Slovene sunglasses market increased by 64% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption continues to indicate a strong increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Sunglasses Production in Slovenia

In value terms, sunglasses production dropped to $X in 2022 estimated in export price. Overall, production recorded a pronounced decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by 116% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Sunglasses Exports

Exports from Slovenia

In 2022, after two years of growth, there was significant decline in overseas shipments of sunglasses, when their volume decreased by -56.2% to X units. Overall, exports saw a pronounced descent. The pace of growth was the most pronounced in 2020 with an increase of 89% against the previous year. Over the period under review, the exports reached the maximum at X units in 2021, and then shrank remarkably in the following year.

In value terms, sunglasses exports reduced notably to $X in 2022. In general, exports saw a abrupt downturn. The growth pace was the most rapid in 2016 when exports increased by 69%. Over the period under review, the exports hit record highs at $X in 2021, and then plummeted in the following year.

Exports by Country

Italy (X units), Croatia (X units) and the Czech Republic (X units) were the main destinations of sunglasses exports from Slovenia, with a combined 76% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +210.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sunglasses exported from Slovenia were Italy ($X), the Czech Republic ($X) and Croatia ($X), together comprising 65% of total exports.

The Czech Republic, with a CAGR of +238.6%, saw 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, jumping by 20% against the previous year. Over the period under review, the export price, however, saw a pronounced contraction. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Italy ($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 the Czech Republic (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Sunglasses Imports

Imports into Slovenia

For the third year in a row, Slovenia recorded growth in supplies from abroad of sunglasses, which increased by 4.8% to X units in 2022. Over the period under review, imports continue to indicate a resilient increase. The growth pace was the most rapid in 2020 when imports increased by 88%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, sunglasses imports declined to $X in 2022. In general, imports continue to indicate moderate growth. The most prominent rate of growth was recorded in 2017 with an increase of 52%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, China (X units) constituted the largest sunglasses supplier to Slovenia, with a 81% share of total imports. Moreover, sunglasses imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. The third position in this ranking was taken by Italy (X units), with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +20.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.5% per year) and Italy (-14.7% per year).

In value terms, the largest sunglasses suppliers to Slovenia were China ($X), Italy ($X) and Germany ($X), together accounting for 83% of total imports. Taiwan (Chinese), the Netherlands and Hungary lagged somewhat behind, together comprising a further 5.2%.

In terms of the main suppliers, Hungary, with a CAGR of +71.9%, saw 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

The average sunglasses import price stood at $X per unit in 2022, dropping by -10.3% against the previous year. Overall, the import price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when the average import price increased by 29%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+12.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform