Vietnam: Personal Spectacle Optics Market 2024

Personal Spectacle Optics Market Size in Vietnam

The Vietnamese personal spectacle optics market shrank to $X in 2022, reducing by X% against the previous year. In general, consumption, however, saw a deep downturn. Personal spectacle optics consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Personal Spectacle Optics Production in Vietnam

In value terms, personal spectacle optics production shrank to $X in 2022 estimated in export price. Overall, production, however, showed a deep contraction. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Personal Spectacle Optics Exports

Exports from Vietnam

In 2022, personal spectacle optics exports from Vietnam reduced dramatically to X units, which is down by X% against the year before. Overall, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, personal spectacle optics exports dropped notably to $X in 2022. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for personal spectacle optics exports from Vietnam, with a X% share of total exports. Moreover, personal spectacle optics exports to the United States exceeded the volume sent to the second major destination, Japan (X units), twofold. The third position in this ranking was held by Taiwan (Chinese) (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the largest markets for personal spectacle optics exported from Vietnam were the United States ($X), the United Arab Emirates ($X) and Japan ($X), with a combined X% share of total exports. South Korea, Germany, France, Taiwan (Chinese) and Mexico lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, France, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average personal spectacle optics export price stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price showed a strong expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 United Arab Emirates ($X per unit), while the average price for exports to Taiwan (Chinese) ($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 United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Personal Spectacle Optics Imports

Imports into Vietnam

After four years of growth, purchases abroad of personal spectacle optics decreased by X% to X units in 2022. Overall, imports, however, posted a significant increase. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports attained the maximum at X units in 2021, and then contracted in the following year.

In value terms, personal spectacle optics imports fell to $X in 2022. Over the period under review, imports, however, showed a buoyant expansion. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units) was the main supplier of personal spectacle optics to Vietnam, with a X% share of total imports. Moreover, personal spectacle optics imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold. The third position in this ranking was held by Italy (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Italy (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of personal spectacle optics to Vietnam, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Italy (X% per year).

Import Prices by Country

The average personal spectacle optics import price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the import price, however, showed a deep downturn. The growth pace was the most rapid in 2018 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a 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 Germany ($X per unit), while the price for the United Arab Emirates ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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