Australia - Spectacle Lenses Of Glass Or Other Materials - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpectacle Glass Lenses Price in Australia - 2023
Contents:
- Spectacle Glass Lenses Price in Australia (CIF) - 2023
- Spectacle Glass Lenses Price in Australia (FOB) - 2022
- Spectacle Glass Lenses Imports in Australia
- Spectacle Glass Lenses Exports in Australia
Spectacle Glass Lenses Price in Australia (CIF) - 2023
In September 2023, the average spectacle glass lenses import price amounted to $4.7 per unit, shrinking by -26.2% against the previous month. Over the period under review, import price indicated a pronounced increase from September 2022 to September 2023: its price increased at an average monthly rate of +2.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, spectacle glass lenses import price increased by +2.0% against July 2023 indices. The growth pace was the most rapid in April 2023 an increase of 47% month-to-month. As a result, import price reached the peak level of $6.3 per unit. From May 2023 to September 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the Philippines ($7.5 per unit), while the price for Portugal ($968 per thousand units) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Spectacle Glass Lenses Price in Australia (FOB) - 2022
The average spectacle glass lenses export price stood at $7.4 per unit in 2022, reducing by -29.5% against the previous year. Overall, the export price saw a abrupt decline. The pace of growth appeared the most rapid in 2020 an increase of 16%. The export price peaked at $15 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($24 per unit), while the average price for exports to the UK ($3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Spectacle Glass Lenses Imports in Australia
In 2022, spectacle glass lenses imports into Australia soared to 15M units, picking up by 21% compared with 2021. The total import volume increased at an average annual rate of +7.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, spectacle glass lenses imports rose markedly to $71M in 2022. The total import value increased at an average annual rate of +4.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Spectacle Glass Lenses in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | 32.5 | 30.4 | 34.0 | 40.5 | 7.6% |
China | 18.0 | 23.2 | 20.8 | 16.5 | -2.9% |
Philippines | 5.1 | 4.6 | 4.5 | 6.1 | 6.1% |
Portugal | 0.2 | 0.3 | 0.5 | 0.5 | 35.7% |
Others | 6.4 | 6.9 | 7.0 | 7.1 | 3.5% |
Total | 62.1 | 65.4 | 66.7 | 70.6 | 4.4% |
Top Suppliers of Spectacle Glass Lenses to Australia in 2022:
- Thailand (9.0M units)
- China (4.3M units)
- Philippines (0.9M units)
- Portugal (0.3M units)
Spectacle Glass Lenses Exports in Australia
In 2022, shipments abroad of spectacle lenses of glass or other materials was finally on the rise to reach 795K units after two years of decline. In general, exports, however, recorded a abrupt curtailment. The exports peaked at 1.2M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, spectacle glass lenses exports fell notably to $5.8M in 2022. Over the period under review, exports, however, continue to indicate a abrupt slump. The smallest decline of -4.7% was in 2021. The exports peaked at $9.3M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Spectacle Glass Lenses in Australia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Hong Kong SAR | 2,798 | 2,169 | 2,574 | 1,653 | -16.1% |
Thailand | 2,699 | 1,853 | 865 | 1,481 | -18.1% |
United States | 133 | 26.3 | 419 | 606 | 65.8% |
South Africa | 683 | 422 | 458 | 504 | -9.6% |
China | 842 | 1,064 | 1,095 | 458 | -18.4% |
New Zealand | 683 | 1,228 | 1,306 | 370 | -18.5% |
United Kingdom | 136 | 3.0 | 3.2 | 206 | 14.8% |
South Korea | 316 | 248 | 191 | 144 | -23.0% |
Others | 1,043 | 764 | 498 | 430 | -25.6% |
Total | 9,333 | 7,778 | 7,409 | 5,850 | -14.4% |
Top Export Markets for Spectacle Glass Lenses from Australia in 2022:
- Thailand (273.1K units)
- Hong Kong SAR (145.5K units)
- United States (141.7K units)
- United Kingdom (68.9K units)
- South Africa (55.8K units)
- China (47.9K units)
- New Zealand (15.4K units)
- South Korea (11.6K units)
This report provides an in-depth analysis of the spectacle glass lenses market in Australia. 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:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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
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During the review period, imports of Spectacle Glass Lenses reached their highest point in December 2022, with a total of 1.8 million units. However, from January 2023 until October 2023, imports were unable to regain momentum. In terms of value, the imports of Spectacle Glass Lenses declined slightly, amounting to $5.5 million in October 2023.
Explore the top import markets for spectacle glass lenses, including the United States, France, Germany, China, and more. Get key statistics and insights on the global import demand for these essential eyewear components.
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