Uzbekistan: Sunglasses Market 2024

Sunglasses Market Size in Uzbekistan

The Uzbek sunglasses market dropped to $X in 2022, which is down by -6.1% 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). Over the period under review, consumption recorded significant growth. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Sunglasses Exports

Exports from Uzbekistan

In 2022, sunglasses exports from Uzbekistan skyrocketed to X units, rising by 1,471% against the previous year. In general, exports saw significant growth. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, sunglasses exports reduced notably to $X in 2022. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 1,385%. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced sharply in the following year.

Exports by Country

India (X units) was the main destination for sunglasses exports from Uzbekistan, with a 76% share of total exports. Moreover, sunglasses exports to India exceeded the volume sent to the second major destination, Argentina (X units), fourfold.

From 2019 to 2022, the average annual growth rate of volume to India totaled -12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+1,167.4% per year) and Tajikistan (0.0% per year).

In value terms, the largest markets for sunglasses exported from Uzbekistan were India ($X), Argentina ($X) and Tajikistan ($X), with a combined 99.9% share of total exports.

Argentina, with a CAGR of +7.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average sunglasses export price stood at $X per unit in 2022, shrinking by -96.4% against the previous year. Over the period under review, the export price, however, continues to indicate significant growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by 4,870% against the previous year. As a result, the export price reached the peak level of $X per unit, and then shrank sharply 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 Argentina ($X per unit), while the average price for exports to Tajikistan ($X per unit) was amongst the lowest.

From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+10.7%).

Sunglasses Imports

Imports into Uzbekistan

In 2022, purchases abroad of sunglasses increased by 103% to X units for the first time since 2018, thus ending a three-year declining trend. Overall, imports enjoyed a moderate expansion. The pace of growth appeared the most rapid in 2018 with an increase of 297%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, sunglasses imports contracted modestly to $X in 2022. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 377%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of sunglasses to Uzbekistan, accounting for a 89% share of total imports. Moreover, sunglasses imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. Kazakhstan (X units) ranked third in terms of total imports with a 3.5% share.

From 2017 to 2022, the average annual growth rate of volume from China totaled +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+22.9% per year) and Kazakhstan (-6.6% per year).

In value terms, China ($X) constituted the largest supplier of sunglasses to Uzbekistan, comprising 72% of total imports. The second position in the ranking was taken by Italy ($X), with a 10% share of total imports. It was followed by Germany, with a 10% share.

From 2017 to 2022, the average annual growth rate of value from China amounted to +28.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+23.1% per year) and Germany (+61.2% per year).

Import Prices by Country

In 2022, the average sunglasses import price amounted to $X per unit, declining by -51.3% against the previous year. Over the period under review, the import price, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 141% against the previous year. As a result, import price attained the peak level of $X per unit, and then contracted markedly in the following year.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+245.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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