Market Insights
19-06-2024
In 2022, global exports of sunglasses reached US$8.4 billion.
Over the past five years, there has been a steady increase in sunglasses exports, averaging 17.3% growth since 2018 when the total was $7.15 billion. Year over year, the value of exported sunglasses rose by 13.9% compared to 2021's total of $7.36 billion.
The five largest exporters of sunglasses in 2022 were Italy, mainland China, Hong Kong, the United States of America, and France. Together, these top exporters accounted for 82.1% of the world’s total exported sunglasses.
From a continental perspective, Europe led in sunglasses exports, with shipments valued at $4.7 billion or 55.9% of the total. Asia followed at 38.2%, and North America at 5.1%.
Top Sunglasses Exporters Countries
The top 15 countries by sunglasses exports in 2022 were:
1. Italy: US$3.4 billion (40.5% of total exports)
2. China: $2.1 billion (25.1%)
3. Hong Kong: $677.5 million (8.1%)
4. United States: $412.2 million (4.9%)
5. France: $292.3 million (3.5%)
6. Germany: $287.5 million (3.4%)
7. Japan: $145.4 million (1.7%)
8. Netherlands: $142.8 million (1.7%)
9. Spain: $117.7 million (1.4%)
10. Taiwan: $104.7 million (1.2%)
11. Switzerland: $70.8 million (0.8%)
12. South Korea: $70.2 million (0.8%)
13. Poland: $54.2 million (0.6%)
14. United Kingdom: $45.3 million (0.5%)
15. Belgium: $43 million (0.5%)
These top exporting countries collectively shipped 95% of globally exported sunglasses in 2022.
Italy, the leader in sunglasses exports, also enjoyed the highest surplus in international trade, followed by mainland China and Taiwan. On the other hand, the United States had the highest deficit in the international trade of sunglasses, indicating a strong competitive disadvantage in this product category.
Sunglasses Exporting Companies
According to global trading platform Alibaba, notable sunglasses exporters include:
1.SHARMAN UDYOG PVT LTD(10.41%, $2.13 Million)
2.KAYATUR OPTİK SANAYİ VE TİCARET LİMİTED ŞİRKETİ(7.94%, $1.62 Million)
3.CÔNG TY TRÁCH NHIỆM HỮU HẠN CÔNG NGHIỆP THÀNH LỢI(6.74%, $1.38 Million)
4.CÔNG TY TNHH OKIA OPTICAL VIỆT NAM(6.57%, $1.34 Million)
5.OPTICAS GMO PERU S A C(4.77%, $0.98 Million)
6.LUXOTTICA(4.52%, $0.93 Million)
7.MIKADO EXPORTS(3.55%, $0.73 Million)
8.DOĞAN OPTİK SANAYİ VE TİCARET LİMİTED ŞİRKETİ(3.44%, $0.7 Million)
9.CÔNG TY TNHH CONCEPT EYEWEAR MANUFACTURE VIỆT NAM(3.16%, $0.65 Million)
10.LUXOTTICA INDIA EYEWEAR PRIVATE LIMITED(3.04%, $0.62 Million)
These companies are leading suppliers in the global market for sunglasses, catering to the diverse demands of consumers worldwide.
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