Report Update Nov 1, 2024

Turkey - 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

Turkey: Sunglasses Market 2024

Sunglasses Market Size in Turkey

In 2022, the Turkish sunglasses market increased by 50% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, continues to indicate a mild setback. Sunglasses consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Sunglasses Exports

Exports from Turkey

In 2022, shipments abroad of sunglasses increased by 173% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sunglasses exports soared to $X in 2022. In general, exports showed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Ukraine (X units) was the main destination for sunglasses exports from Turkey, with a 56% share of total exports. Moreover, sunglasses exports to Ukraine exceeded the volume sent to the second major destination, Russia (X units), eightfold. The third position in this ranking was taken by Iraq (X units), with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume to Ukraine amounted to +77.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+26.2% per year) and Iraq (+9.2% per year).

In value terms, Ukraine ($X) emerged as the key foreign market for sunglasses exports from Turkey, comprising 58% of total exports. The second position in the ranking was taken by Cyprus ($X), with a 6.5% share of total exports. It was followed by Italy, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value to Ukraine totaled +81.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+1.8% per year) and Italy (+4.8% per year).

Export Prices by Country

In 2022, the average sunglasses export price amounted to $X per unit, waning by -13.9% against the previous year. Overall, the export price saw a deep setback. The growth pace was the most rapid in 2020 an increase of 51%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, 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 Cyprus ($X per unit), while the average price for exports to Serbia ($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 Ukraine (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sunglasses Imports

Imports into Turkey

In 2022, overseas purchases of sunglasses were finally on the rise to reach X units after four years of decline. In general, imports recorded a slight expansion. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, sunglasses imports skyrocketed to $X in 2022. Overall, total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.0% 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 +94.7% against 2020 indices. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest sunglasses supplier to Turkey, with a 67% share of total imports. Moreover, sunglasses imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.2% per year) and Taiwan (Chinese) (-12.3% per year).

In value terms, Italy ($X) constituted the largest supplier of sunglasses to Turkey, comprising 72% of total imports. The second position in the ranking was taken by China ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Italy stood at +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.6% per year) and Taiwan (Chinese) (-13.8% per year).

Import Prices by Country

In 2022, the average sunglasses import price amounted to $X per unit, declining by -19.8% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 25% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sunglasses in the world?

The countries with the highest volumes of in 2021 were China, the United States and Japan, with a combined 58% share of global consumption. Bangladesh, Germany, India, Turkey, Italy, South Korea and Saudi Arabia lagged somewhat behind, together accounting for a further 17%.

What are the largest producers of sunglasses in the world?

China constituted the country with the largest volume of sunglasses production, accounting for 45% of total volume. Moreover, sunglasses production in China exceeded the figures recorded by the second-largest producer, the United States, fourfold. The third position in this ranking was occupied by Italy, with a 5.9% share.

What are the leading suppliers of sunglasses to Turkey?

In value terms, Italy constituted the largest supplier of sunglasses to Turkey, comprising 63% of total imports. The second position in the ranking was occupied by China, with a 29% share of total imports.

What are the leading importers of sunglasses from Turkey?

In value terms, the largest markets for sunglasses exported from Turkey were Italy, the United Arab Emirates and Argentina, with a combined 42% share of total exports. These countries were followed by Israel, France, Jordan, Azerbaijan, Russia, Iraq, Libya, Iran, Tunisia and Morocco, which together accounted for a further 24%.

What is the average export price for sunglasses in Turkey?

In 2021, the average sunglasses export price amounted to $8.9 per unit, shrinking by -9.2% against the previous year.

What is the average import price for sunglasses in Turkey?

The average sunglasses import price stood at $19 per unit in 2021, rising by 25% against the previous year.

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

Turkey

Data coverage:

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