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Export News
01-11-2024
In 2023, global sunglasses exports reached an impressive total of $9.2 billion, reflecting the high demand for this consumer product worldwide. This value marks a notable 30.7% increase over five years, up from $7.03 billion in 2019, and an 8.8% rise from the previous year's $8.44 billion.
The top countries in sunglasses exports included Italy, China, Hong Kong, the United States, and France. Together, these countries accounted for a significant 82.2% of the global sunglasses exports value, illustrating a market concentrated among a few key suppliers.
By region, European countries led in sunglasses exports value, generating $5.1 billion, which represents over half (55.1%) of total sunglasses exports. Asia followed with 38.7%, and North America accounted for 5.4%. Smaller shares came from Latin America (0.5%), Oceania (0.2%), and Africa (0.1%).
For research and tracking purposes, the Harmonized Tariff System code prefix for sunglasses exports is 900410.
Top Countries in Sunglasses Exports by Dollar Value
Below is a list of the 15 largest exporters of sunglasses by export value in 2023:
· Italy: $3.7 billion (40.1% of sunglasses exports)
· China: $2.3 billion (24.8%)
· Hong Kong: $768.3 million (8.4%)
· United States: $480.3 million (5.2%)
· France: $339.8 million (3.7%)
· Germany: $306.7 million (3.3%)
· Japan: $160.4 million (1.7%)
· Netherlands: $134.4 million (1.5%)
· Spain: $127.3 million (1.4%)
· India: $86.8 million (0.9%)
· Taiwan: $84.4 million (0.9%)
· Switzerland: $81.7 million (0.9%)
· South Korea: $58.6 million (0.6%)
· Poland: $55.2 million (0.6%)
· Thailand: $43.7 million (0.5%)
These countries collectively accounted for 94.6% of total sunglasses exports in 2023. Among these, the fastest-growing exporters included India, Thailand, the United States, and France, while some markets, including Taiwan, South Korea, and the Netherlands, saw decreases in their sunglasses exports values.
Notable Sunglasses Exporting Companies in 2023
Based on global sunglasses exports data in Tendata, several prominent companies emerged as leaders in the market:
1. VISION TREND (42.47%, $17.8 million)
2. MAZEN BANGLADESH INDUSTRIES LTD (11.36%, $4.76 million)
3. TOSHKENT MEXANIKA ZAVODI (4.01%, $1.68 million)
4. UNITOPTIK (3.45%, $1.44 million)
5. SUKSUNSKIY OPTIKO MEKHANICHESKIY ZAVOD (2.65%, $1.11 million)
6. WILDBERRIES (1.97%, $0.83 million)
7. GKB RX LENS PVT LTD (1.86%, $0.78 million)
8. VISION TREND MAS ULIYATI (1.49%, $0.62 million)
9. YAKOVLEV (1.43%, $0.6 million)
10. LUXOTTICA INDIA EYEWEAR PRIVATE LIMITED (1.36%, $0.57 million)
These companies play a significant role in sunglasses exports, contributing to the steady growth of the global market.
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