Philippines Sunglasses Market (2024-2030) | Share, Size, Trends, Forecast, Outlook, Growth, Analysis, Value, Revenue, Industry & Companies

Name: Philippines Sunglasses Market (2024-2030) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Sunglasses Market, Philippines Sunglasses Market, Philippines Sunglasses Market Revenues, Philippines Sunglasses Market Share, Philippines Sunglasses Market Size, Philippines Sunglasses Market Outlook, Philippines Sunglasses Market Report, Philippines Sunglasses Market Competition, Philippines Sunglasses Market Overview, Philippines Sunglasses Market Trends, Philippines Sunglasses Market Forecast

Market Forecast By Product Type (Polarized, Non-polarized), By End-Users (Women, Men, Unisex), By Distribution Channel (Online, Offline) And Competitive Landscape

Product Code: ETC016189	Publication Date: Jul 2023	Updated Date: Nov 2025	Product Type: Report
Publisher: 6Wresearch	Author: Ravi Bhandari	No. of Pages: 70	No. of Figures: 35	No. of Tables: 5

Philippines Sunglasses Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, the Philippines continued to witness a significant influx of sunglasses imports, with key exporting countries including China, Hong Kong, Italy, Japan, and Singapore. Despite the high Herfindahl-Hirschman Index (HHI) indicating a concentrated market, the industry experienced a robust compound annual growth rate (CAGR) of 25.44% from 2020 to 2024. However, there was a slight decline in the growth rate from 2023 to 2024 at -16.47%, suggesting a potential shift in market dynamics. Monitoring these trends will be crucial for industry players to adapt to changing market conditions and consumer preferences.

Philippines Sunglasses Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Sunglasses Market: Philippines vs Top 5 Major Economies in 2027 (Asia)

In the Asia region, the Sunglasses market in Philippines is projected to expand at a exponential growth rate of 15.31% by 2027. The largest economy is China, followed by India, Japan, Australia and South Korea.

Sunglasses Market: Philippines vs Top 5 Major Economies in 2027 (Asia)

Philippines Sunglasses Market Synopsis

The Philippines sunglasses market is expected to witness a healthy CAGR growth rate during the forecast period of 2020-2026. The growing popularity of polarized sunglasses in the country is one of the major drivers for this growth. In addition, people are increasingly becoming aware of the risks associated with UV radiation and thus choosing to shield their eyes from the sun???s rays by investing in quality sunglasses. Furthermore, rapid urbanization and increasing disposable incomes have led to an increased demand for designer sunglasses among youth population which is further propelling market growth. Apart from this, rising online sales channels and presence of international fashion brands offering stylish eyewear collections are also contributing significantly towards driving market development over the coming years

Key Players of The Market

Major players operating in Philippines Sunglasses Market include Luxottica Group SPA., De Rigo Vision SPA., Safilo Group SPA., Marcolin SpA., Serafina Eyewear Incorporation, Essilor International SA, Hoya Corporation, Maui Jim Inc., Oakley Incorporated amongst others

Covid-19 Impact on the Market

Due to disruption caused due to COVID-19 pandemic across all countries , there has been a substantial dip in overall industry performance . Countries like Philippines have seen widespread lockdowns resulting into drop down consumer spending on non essential items such reduced investment on luxuries goods including designer / fashionable eyewears . This has resulted into revenue losses for many market participants though some companies registered increase brand visibility through digital platform activities . Also , new strategies implemented by several small vendors helped them gain traction amidst crisis situation .

Key Highlights of the Report:

Philippines Sunglasses Market Outlook
Market Size of Philippines Sunglasses Market, 2023
Forecast of Philippines Sunglasses Market, 2030
Historical Data and Forecast of Philippines Sunglasses Revenues & Volume for the Period 2020-2030
Philippines Sunglasses Market Trend Evolution
Philippines Sunglasses Market Drivers and Challenges
Philippines Sunglasses Price Trends
Philippines Sunglasses Porter's Five Forces
Philippines Sunglasses Industry Life Cycle
Historical Data and Forecast of Philippines Sunglasses Market Revenues & Volume By Product Type for the Period 2020-2030
Historical Data and Forecast of Philippines Sunglasses Market Revenues & Volume By Polarized for the Period 2020-2030
Historical Data and Forecast of Philippines Sunglasses Market Revenues & Volume By Non-polarized for the Period 2020-2030
Historical Data and Forecast of Philippines Sunglasses Market Revenues & Volume By End-Users for the Period 2020-2030
Historical Data and Forecast of Philippines Sunglasses Market Revenues & Volume By Women for the Period 2020-2030
Historical Data and Forecast of Philippines Sunglasses Market Revenues & Volume By Men for the Period 2020-2030
Historical Data and Forecast of Philippines Sunglasses Market Revenues & Volume By Unisex for the Period 2020-2030
Historical Data and Forecast of Philippines Sunglasses Market Revenues & Volume By Distribution Channel for the Period 2020-2030
Historical Data and Forecast of Philippines Sunglasses Market Revenues & Volume By Online for the Period 2020-2030
Historical Data and Forecast of Philippines Sunglasses Market Revenues & Volume By Offline for the Period 2020-2030
Philippines Sunglasses Import Export Trade Statistics
Market Opportunity Assessment By Product Type
Market Opportunity Assessment By End-Users
Market Opportunity Assessment By Distribution Channel
Philippines Sunglasses Top Companies Market Share
Philippines Sunglasses Competitive Benchmarking By Technical and Operational Parameters
Philippines Sunglasses Company Profiles
Philippines Sunglasses Key Strategic Recommendations

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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Philippines Sunglasses Market Overview

3.1 Philippines Country Macro Economic Indicators

3.2 Philippines Sunglasses Market Revenues & Volume, 2020 & 2030F

3.3 Philippines Sunglasses Market - Industry Life Cycle

3.4 Philippines Sunglasses Market - Porter's Five Forces

3.5 Philippines Sunglasses Market Revenues & Volume Share, By Product Type, 2020 & 2030F

3.6 Philippines Sunglasses Market Revenues & Volume Share, By End-Users, 2020 & 2030F

3.7 Philippines Sunglasses Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F

4 Philippines Sunglasses Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Philippines Sunglasses Market Trends

6 Philippines Sunglasses Market, By Types

6.1 Philippines Sunglasses Market, By Product Type

6.1.1 Overview and Analysis

6.1.2 Philippines Sunglasses Market Revenues & Volume, By Product Type, 2020-2030F

6.1.3 Philippines Sunglasses Market Revenues & Volume, By Polarized, 2020-2030F

6.1.4 Philippines Sunglasses Market Revenues & Volume, By Non-polarized, 2020-2030F

6.2 Philippines Sunglasses Market, By End-Users

6.2.1 Overview and Analysis

6.2.2 Philippines Sunglasses Market Revenues & Volume, By Women, 2020-2030F

6.2.3 Philippines Sunglasses Market Revenues & Volume, By Men, 2020-2030F

6.2.4 Philippines Sunglasses Market Revenues & Volume, By Unisex, 2020-2030F

6.3 Philippines Sunglasses Market, By Distribution Channel

6.3.1 Overview and Analysis

6.3.2 Philippines Sunglasses Market Revenues & Volume, By Online, 2020-2030F

6.3.3 Philippines Sunglasses Market Revenues & Volume, By Offline, 2020-2030F

7 Philippines Sunglasses Market Import-Export Trade Statistics

7.1 Philippines Sunglasses Market Export to Major Countries

7.2 Philippines Sunglasses Market Imports from Major Countries

8 Philippines Sunglasses Market Key Performance Indicators

9 Philippines Sunglasses Market - Opportunity Assessment

9.1 Philippines Sunglasses Market Opportunity Assessment, By Product Type, 2020 & 2030F

9.2 Philippines Sunglasses Market Opportunity Assessment, By End-Users, 2020 & 2030F

9.3 Philippines Sunglasses Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F

10 Philippines Sunglasses Market - Competitive Landscape

10.1 Philippines Sunglasses Market Revenue Share, By Companies, 2023

10.2 Philippines Sunglasses Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.

By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.

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