Sweden: Sunglasses Market 2024

Sunglasses Market Size in Sweden

The Swedish sunglasses market contracted to $X in 2022, falling by -11.1% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Sunglasses Production in Sweden

In value terms, sunglasses production expanded to $X in 2022 estimated in export price. Overall, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.3% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 31% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Sunglasses Exports

Exports from Sweden

In 2022, sunglasses exports from Sweden skyrocketed to X units, increasing by 26% compared with the previous year. Over the period under review, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +19.2% against 2019 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 40% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, sunglasses exports rose significantly to $X in 2022. Overall, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 44%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Norway (X units) was the main destination for sunglasses exports from Sweden, with a 34% share of total exports. Moreover, sunglasses exports to Norway exceeded the volume sent to the second major destination, Finland (X units), twofold. The third position in this ranking was held by Denmark (X units), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway stood at +17.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (-2.0% per year) and Denmark (+3.4% per year).

In value terms, Norway ($X) remains the key foreign market for sunglasses exports from Sweden, comprising 44% of total exports. The second position in the ranking was taken by Germany ($X), with a 9.1% share of total exports. It was followed by Finland, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway stood at +22.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+16.1% per year) and Finland (+3.8% per year).

Export Prices by Country

In 2022, the average sunglasses export price amounted to $X per unit, falling by -14.7% against the previous year. In general, the export price, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 39% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then declined in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the Czech Republic ($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 UK (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Sunglasses Imports

Imports into Sweden

In 2022, approx. X units of sunglasses were imported into Sweden; with an increase of 3.3% against 2021. The total import volume increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when imports increased by 36% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, sunglasses imports dropped slightly to $X in 2022. Overall, imports recorded a noticeable expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 49%. As a result, imports attained the peak of $X, and then reduced modestly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest sunglasses supplier to Sweden, accounting for a 65% share of total imports. Moreover, sunglasses imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), sevenfold. Germany (X units) ranked third in terms of total imports with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+3.4% per year) and Germany (+9.0% per year).

In value terms, China ($X), Italy ($X) and Germany ($X) were the largest sunglasses suppliers to Sweden, with a combined 67% share of total imports.

Among the main suppliers, Germany, with a CAGR of +32.7%, recorded the highest growth rate of 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, which is down by -5.8% against the previous year. In general, the import price, however, recorded a modest expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 29% against the previous year. The import price peaked at $X per unit in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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