Report Update Nov 1, 2024

Southern Asia - Sunglasses - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Southern Asia: Sunglasses Market 2024

Sunglasses Market Size in Southern Asia

In 2022, the South Asian sunglasses market increased by 40% to $X, rising for the second year in a row after two years of decline. Overall, consumption continues to indicate a buoyant increase. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Sunglasses Production in Southern Asia

In value terms, sunglasses production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 12% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Sunglasses Exports

Exports in Southern Asia

In 2022, overseas shipments of sunglasses decreased by -7.8% to X units, falling for the second consecutive year after three years of growth. Over the period under review, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 141%. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, sunglasses exports stood at $X in 2022. Overall, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 241%. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, India (X units) represented the largest exporter of sunglasses, comprising 79% of total exports. It was distantly followed by Bangladesh (X units), committing a 20% share of total exports.

Exports from India increased at an average annual rate of +14.1% from 2012 to 2022. At the same time, Bangladesh (+62.1%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +62.1% from 2012-2022. While the share of Bangladesh (+19 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (-18.7 p.p.) displayed negative dynamics.

In value terms, India ($X) and Bangladesh ($X) constituted the countries with the highest levels of exports in 2022.

Among the main exporting countries, Bangladesh, with a CAGR of +51.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, jumping by 15% against the previous year. In general, the export price enjoyed a slight increase. The pace of growth was the most pronounced in 2018 when the export price increased by 42%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per unit), while India totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.3%).

Sunglasses Imports

Imports in Southern Asia

In 2022, supplies from abroad of sunglasses increased by 63% to X units, rising for the second year in a row after two years of decline. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 95%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, sunglasses imports soared to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +132.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 95%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

India (X units) represented roughly 98% of total imports in 2022.

India was also the fastest-growing in terms of the sunglasses imports, with a CAGR of +24.1% from 2012 to 2022. India (+20 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported sunglasses in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India amounted to +7.0%.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, shrinking by -26.8% against the previous year. Overall, the import price faced a deep slump. The pace of growth was the most pronounced in 2019 an increase of 6.3% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -13.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sunglasses in Southern Asia?

The countries with the highest volumes of in 2021 were Bangladesh, India and Pakistan, with a combined 99% share of total consumption.

What are the largest producers of sunglasses in Southern Asia?

Bangladesh constituted the country with the largest volume of sunglasses production, accounting for 91% of total volume. Moreover, sunglasses production in Bangladesh exceeded the figures recorded by the second-largest producer, India, tenfold.

What are the leading suppliers of sunglasses in Southern Asia?

In value terms, the largest sunglasses supplying countries in Southern Asia were India and Bangladesh.

What are the leading importers of sunglasses in Southern Asia?

In value terms, India constitutes the largest market for imported sunglasses in Southern Asia, comprising 85% of total imports. The second position in the ranking was occupied by Nepal, with a 4.8% share of total imports.

What is the average export price for sunglasses in Southern Asia?

The export price in Southern Asia stood at $4.8 per unit in 2021, shrinking by -23.5% against the previous year.

What is the average import price for sunglasses in Southern Asia?

The import price in Southern Asia stood at $1.3 per unit in 2021, declining by -15.3% against the previous year.

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

Afghanistan
Bangladesh
Bhutan
India
Maldives
Nepal
Pakistan
Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Southern Asia, split by region and country
Trade (exports and imports) in Southern Asia
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. CONSUMPTION BY COUNTRY
3. 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
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
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
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Afghanistan
- Bangladesh
- Bhutan
- India
- Maldives
- Nepal
- Pakistan
- Sri Lanka
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, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023