Economic performance of China’s eyewear industry from January to June 2024
Since 2024, China’s eyewear industry has fully implemented the decisions and deployments of the CPC Central Committee and the State Council, insisted on seeking progress while maintaining stability, continued to deepen transformation and upgrading, and strived to overcome the difficulties and challenges brought about by the complexity, severity and uncertainty of the external environment and the continuous deepening of domestic structural adjustments. From January to June, the overall economic operation of the eyewear industry has improved, and the main economic operation indicators have been stable and increased compared with the same period last year. Looking forward to the whole year, the development situation facing the eyewear industry is still complex and severe, and the industry still needs to continue to promote high-quality development and actively respond to risks.Industry experts have said that, fashion sunglasses It is very possible to develop and expand, which can be well seen from its previous data reports. https://ymoeyewear.com/
NO.1 Eyewear production is stable and improving
From January to June, supported by factors such as the orderly and stable operation of the supply chain and the recovery of domestic and foreign market demand, the output of finished glasses of more than 500 large-scale eyewear enterprises in China achieved positive year-on-year growth, and the efficiency level continued to improve. The operating income increased by about 14% year-on-year, and the total profit increased by about 53% year-on-year, an increase of 8.6 and 39.1 percentage points respectively over the same period last year. The loss of large-scale eyewear manufacturing enterprises narrowed by 3 percentage points over the same period.
According to relevant data from the General Administration of Customs, the total import and export volume of my country’s eyewear products from January to June was US$4.726 billion, up 5.92% year-on-year.
NO.2 Eyewear Products export situation
From January to June, the total export value of eyewear products was approximately US$3.941 billion, up 5.87% year-on-year.
I.The export value in the first half of the year tended to be stable compared with the past, and the export value in January reached a record high.(Eyewear Products)
Except for February, which was greatly affected by the Spring Festival holiday, the growth rate in other months was stable. January achieved a good start this year, exceeding US$800 million for the first time.
Monthly export volume of eyewear products in the first half of 2021-2024
Unit100 million USD
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II.Except for lenses and eyeglass parts, the export volume of other sub-products showed a year-on-year growth trend.(Eyewear Products)
Among them, the export volume of corneal contact lenses increased significantly.
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In terms of the proportion of export value of each sub-product, the United States exports the most finished glasses and frames, India exports the most lenses, Italy exports the most eyeglass parts, and Vietnam exports the most contact lenses.
III.Export market situation(Eyewear Products)
In terms of exports to China’s major trading partners, the largest proportion of exports went to the EU, followed by the US and then ASEAN. Among them, exports to ASEAN grew fastest year-on-year, at 21.78%.