Thailand - Spectacle Lenses Of Glass Or Other Materials - Market Analysis, Forecast, Size, Trends and Insights
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View PricingThailand's January 2024 Export of Glass Lenses Sees 4% Increase, Reaching $89M
Thailand Spectacle Glass Lenses Exports
Spectacle glass lenses exports from Thailand rose remarkably to 19M units in January 2024, surging by 9.1% compared with December 2023. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 with an increase of 22% month-to-month. The exports peaked at 22M units in March 2023; however, from April 2023 to January 2024, the exports stood at a somewhat lower figure.
In value terms, spectacle glass lenses exports amounted to $89M (IndexBox estimates) in January 2024. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 with an increase of 21% month-to-month. As a result, the exports reached the peak of $96M. From April 2023 to January 2024, the growth of the exports remained at a somewhat lower figure.
| COUNTRY | Export Value of Spectacle Glass Lenses in Thailand (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 | Jan 2024 | |
| United States | 20.4 | 18.1 | 21.6 | 17.2 | 19.1 | 18.8 | 18.2 | 20.3 | 18.2 | 21.4 | 22.3 | 21.9 | 21.2 |
| France | 9.4 | 8.8 | 10.6 | 9.6 | 10.5 | 11.1 | 12.9 | 9.5 | 10.7 | 12.4 | 11.5 | 11.7 | 11.4 |
| Netherlands | 12.1 | 11.0 | 12.6 | 12.0 | 13.6 | 12.7 | 12.9 | 12.2 | 10.4 | 11.9 | 12.0 | 11.5 | 10.7 |
| Germany | 8.7 | 7.7 | 9.8 | 7.9 | 9.2 | 9.3 | 9.4 | 8.4 | 8.0 | 7.5 | 7.2 | 6.2 | 7.6 |
| China | 3.3 | 4.4 | 5.5 | 6.2 | 8.5 | 8.8 | 7.0 | 6.5 | 5.0 | 6.0 | 5.9 | 5.8 | 6.2 |
| Japan | 6.9 | 4.7 | 5.4 | 4.9 | 5.2 | 5.1 | 5.9 | 6.1 | 5.3 | 5.1 | 4.6 | 4.9 | 5.9 |
| United Kingdom | 4.4 | 4.0 | 5.0 | 4.1 | 4.4 | 4.4 | 4.2 | 3.8 | 4.6 | 3.7 | 4.7 | 3.1 | 4.2 |
| Others | 23.5 | 20.8 | 25.3 | 21.3 | 24.2 | 22.8 | 23.4 | 21.3 | 21.1 | 22.3 | 21.7 | 21.0 | 22.4 |
| Total | 88.7 | 79.4 | 95.8 | 83.1 | 94.8 | 93.1 | 93.7 | 88.1 | 83.3 | 90.2 | 90.0 | 86.3 | 89.5 |
Exports by Country
The United States (5.9M units) was the main destination for spectacle glass lenses exports from Thailand, accounting for a 31% share of total exports. Moreover, spectacle glass lenses exports to the United States exceeded the volume sent to the second major destination, France (2.3M units), threefold. The third position in this ranking was held by the UK (1.8M units), with a 9.7% share.
From January 2023 to January 2024, the average monthly rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: France (+1.4% per month) and the UK (+0.9% per month).
In value terms, the United States ($21M), France ($11M) and the Netherlands ($11M) were the largest markets for spectacle glass lenses exported from Thailand worldwide, together comprising 48% of total exports. Germany, China, Japan and the UK lagged somewhat behind, together accounting for a further 27%.
Among the main countries of destination, China, with a CAGR of +5.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Exports by Type
Lenses, spectacle; unmounted, of materials other than glass (19M units) was the largest type of spectacle glass lenses exported from Thailand, with a 99.9% share of total exports. It was followed by lenses, spectacle; unmounted, of glass, excluding elements of glass not optically worked (140 units), with less than 0.1% share of total exports.
From January 2023 to January 2024, the average monthly rate of growth in terms of the volume of export of lenses, spectacle; unmounted, of materials other than glass was relatively modest.
In value terms, lenses, spectacle; unmounted, of materials other than glass ($89M) remains the largest type of spectacle glass lenses exported from Thailand, comprising 99.9% of total exports. The second position in the ranking was taken by lenses, spectacle; unmounted, of glass, excluding elements of glass not optically worked ($174), with less than 0.1% share of total exports.
From January 2023 to January 2024, the average monthly growth rate of the export volume of lenses, spectacle; unmounted, of materials other than glass was relatively modest.
Export Prices by Country
In January 2024, the spectacle glass lenses price stood at $4.7 per unit (FOB, Thailand), waning by -5% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 17% m-o-m. As a result, the export price attained the peak level of $5,048 per thousand units. From May 2023 to January 2024, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In January 2024, the country with the highest price was Australia ($8.9 per unit), while the average price for exports to India ($2.2 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the spectacle glass lenses market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32504153 - Unmounted spectacle lenses other than for the correction of vision
- Prodcom 32504155 - Unmounted single focal spectacle lenses for the correction of vision, with both sides finished
- Prodcom 32504159 - Unmounted spectacle lenses for the correction of vision, with both sides finished other than single focal lenses
- Prodcom 32504170 - Unmounted spectacle lenses for the correction of vision, other than those with both sides finished
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
