Report Update Nov 1, 2024

Venezuela - Sunglasses - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Sunglasses Market 2024

Sunglasses Market Size in Venezuela

The Venezuelan sunglasses market declined dramatically to $X in 2022, waning by -22.5% 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 a sharp curtailment. Sunglasses consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sunglasses Exports

Exports from Venezuela

In 2022, sunglasses exports from Venezuela surged to X units, with an increase of 215% compared with 2021. In general, exports recorded a tangible increase. The pace of growth appeared the most rapid in 2019 when exports increased by 612%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, sunglasses exports expanded markedly to $X in 2022. Over the period under review, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 204% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Chile (X units) and Luxembourg (X units) were the main destinations of sunglasses exports from Venezuela. Moreover, sunglasses exports in Chile exceeded the figures recorded by the second-largest exporter, Luxembourg, twofold.

From 2012 to 2022, the biggest increases were recorded for Luxembourg (with a CAGR of +153.8%).

In value terms, Chile ($X) remains the key foreign market for sunglasses exports from Venezuela, comprising 53% of total exports. The second position in the ranking was held by Luxembourg ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Chile totaled +5.2%.

Export Prices by Country

In 2022, the average sunglasses export price amounted to $X per unit, dropping by -65.2% against the previous year. Overall, the export price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when the average export price increased by 213%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Luxembourg amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+5.1%), while the prices for the other major destinations experienced mixed trend patterns.

Sunglasses Imports

Imports into Venezuela

In 2022, imports of sunglasses into Venezuela shrank remarkably to X units, waning by -38.6% against the previous year's figure. Overall, imports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 103%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sunglasses imports skyrocketed to $X in 2022. In general, imports recorded a precipitous shrinkage. The pace of growth appeared the most rapid in 2016 when imports increased by 66% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest sunglasses supplier to Venezuela, with a 44% share of total imports. Moreover, sunglasses imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. China (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at -33.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-35.0% per year) and China (-29.5% per year).

In value terms, the largest sunglasses suppliers to Venezuela were Italy ($X), China ($X) and the United States ($X), with a combined 61% share of total imports. These countries were followed by Spain, which accounted for a further 3.4%.

In terms of the main suppliers, Spain, with a CAGR of -12.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average sunglasses import price amounted to $X per unit, jumping by 121% against the previous year. Overall, the import price recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 an increase of 127% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+39.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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 comprising 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 Venezuela?

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

What are the leading importers of sunglasses from Venezuela?

In value terms, Chile remains the key foreign market for sunglasses exports from Venezuela.

What is the average export price for sunglasses in Venezuela?

The average sunglasses export price stood at $17 per unit in 2021, increasing by 263% against the previous year.

What is the average import price for sunglasses in Venezuela?

In 2021, the average sunglasses import price amounted to $3 per unit, growing by 19% against the previous year.

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

Venezuela

Data coverage:

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