Eastern Asia: Personal Spectacle Optics Market 2024

Personal Spectacle Optics Market Size in Eastern Asia

The East Asian personal spectacle optics market rose to $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption saw a noticeable descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Personal Spectacle Optics Production in Eastern Asia

In value terms, personal spectacle optics production totaled $X in 2023 estimated in export price. In general, production recorded a deep reduction. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Personal Spectacle Optics Exports

Exports in Eastern Asia

In 2023, personal spectacle optics exports in Eastern Asia rose remarkably to X units, growing by X% on 2022. Overall, exports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, personal spectacle optics exports expanded modestly to $X in 2023. Total exports indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are likely to continue growth in the near future.

Exports by Country

In 2023, China (X units) represented the main exporter of personal spectacle optics, mixing up X% of total exports. Taiwan (Chinese) (X units) took the second position in the ranking, distantly followed by Hong Kong SAR (X units). All these countries together held approx. X% share of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2023. Taiwan (Chinese) experienced a relatively flat trend pattern. Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of Taiwan (Chinese) (X p.p.) and Hong Kong SAR (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of China (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest personal spectacle optics supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in China amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per unit, leveling off at the previous year. Over the period under review, the export price, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of export peaked at $X per unit in 2022, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Personal Spectacle Optics Imports

Imports in Eastern Asia

In 2023, supplies from abroad of personal spectacle optics increased by X% to X units, rising for the second year in a row after five years of decline. In general, imports, however, continue to indicate a mild decline. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, imports attained the peak of X units. From 2017 to 2023, the growth of imports failed to regain momentum.

In value terms, personal spectacle optics imports expanded markedly to $X in 2023. Total imports indicated a strong expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of import peaked in 2023 and is likely to see gradual growth in the immediate term.

Imports by Country

Japan (X units) and Hong Kong SAR (X units) prevails in imports structure, together making up X% of total imports. It was distantly followed by South Korea (X units), generating a X% share of total imports. The following importers - China (X units) and Taiwan (Chinese) (X units) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Japan (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported personal spectacle optics in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

In Hong Kong SAR, personal spectacle optics imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: China (X% per year) and Japan (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per unit, surging by X% against the previous year. Overall, the import price saw a buoyant expansion. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was China ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform