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Industry Analysis

LOCATION:HOME - NEWS - Industry Analysis

Analysis of China's Sunglasses Export (HS: 90041000) in 2024

Issuing time:2024-04-26 Author:Alisa Back to list

        Sunglasses are optical eyewear specifically designed to block ultraviolet radiation from the sun, reduce glare, and protect the eyes from damage. They not only serve a practical purpose but also function as fashion accessories, widely used in daily life, outdoor activities, driving, sports events, and various other occasions.

        With the weather getting hotter, the market demand for sunglasses (HS: 90041000) is also increasing. According to customs data, from 2018 to 2023, the overall export of Chinese sunglasses showed an upward trend in both value and quantity. There was a significant decline in 2020, possibly due to factors such as the global COVID-19 pandemic, which weakened market demand or disrupted the supply chain. However, in the following two years (2021 and 2022), the export quickly recovered and continued to grow, reaching a historical high of $2,292,484,347 in 2023, with an export volume of 58,295,344 pairs.

        From January to March 2024, the cumulative export value of Chinese sunglasses (HS: 90041000) reached $686,588,877, a year-on-year increase of 16.47%, and the cumulative export volume reached 17,706,843 pairs, a year-on-year increase of 18.57%. This indicates a strong recovery momentum of China's sunglasses export business in the global market.

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        China is one of the world's major producers and exporters of sunglasses (HS: 90041000), supplying the global market with manufacturing advantages. According to customs data, in 2023, China's sunglasses exports were mainly distributed in Asia, Europe, and North America, accounting for 36.50%, 26.34%, and 22.05% of the total value, respectively. In terms of quantity, North America had a 1.49% higher share than Europe. Some countries in Africa showed relatively high growth rates, such as Senegal, Algeria, and Ghana, while relatively stable markets were observed in Asia, including India, Japan, South Korea, and Vietnam.

        Sunglasses are essential items that combine protection and fashion attributes. Consumers should focus on their UV protection performance, comfort, and personal style when making purchases. From a global market perspective, sunglasses trade is active, with China playing a significant role.

        However, it's important to note that in international trade, sunglasses exports are influenced by factors such as market demand, exchange rate fluctuations, trade policies, and logistics costs. They must also comply with relevant regulations and standards in the importing countries, such as FDA certification and CE certification. Therefore, it's essential to stay informed about the latest trade data and policies to ensure smooth foreign trade activities.

        As the first data company in China, Guomao Tong can provide customs data for imports and exports from more than 80 countries since 2010. They can accurately analyze the distribution of import and export markets online, provide detailed transaction information for import and export enterprises, conduct specific quantity-price analysis, and assess supply cycles. This provides reliable data for major foreign trade enterprises and industry consulting firms.

(This article is an original creation by Guomao Tong. Please indicate the source when reposting.)