ASEAN: Spectacle Glass Lenses Market 2024

Spectacle Glass Lenses Market Size in ASEAN

The ASEAN spectacle glass lenses market rose notably to $X in 2023, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market remained at a lower figure.

Spectacle Glass Lenses Production in ASEAN

In value terms, spectacle glass lenses production expanded slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2023, production growth remained at a somewhat lower figure.

Spectacle Glass Lenses Exports

Exports in ASEAN

In 2023, shipments abroad of spectacle lenses of glass or other materials increased by X% to X units, rising for the fourth consecutive year after two years of decline. Total exports indicated a resilient increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2023 and is likely to continue growth in the immediate term.

In value terms, spectacle glass lenses exports reached $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure in 2023 and are likely to continue growth in the immediate term.

Exports by Country

Thailand represented the major exporter of spectacle lenses of glass or other materials in ASEAN, with the volume of exports accounting for X units, which was approx. X% of total exports in 2023. It was distantly followed by Malaysia (X units), the Philippines (X units) and Vietnam (X units), together comprising a X% share of total exports.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2023. At the same time, Malaysia (X%), the Philippines (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. Malaysia (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest spectacle glass lenses supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by the Philippines ($X), with an X% share of total exports. It was followed by Vietnam, with a X% share.

In Thailand, spectacle glass lenses exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: the Philippines (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2023, shrinking by X% against the previous year. In general, the export price showed a mild descent. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Spectacle Glass Lenses Imports

Imports in ASEAN

After three years of growth, supplies from abroad of spectacle lenses of glass or other materials decreased by X% to X units in 2023. Over the period under review, imports, however, saw buoyant growth. The pace of growth was the most pronounced in 2022 when imports increased by X%. As a result, imports attained the peak of X units, and then fell in the following year.

In value terms, spectacle glass lenses imports dropped slightly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then declined modestly in the following year.

Imports by Country

Thailand represented the main importer of spectacle lenses of glass or other materials in ASEAN, with the volume of imports recording X units, which was near X% of total imports in 2023. Myanmar (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (X%). The Philippines (X units), Vietnam (X units) and Singapore (X units) followed a long way behind the leaders.

Imports into Thailand increased at an average annual rate of X% from 2012 to 2023. At the same time, Myanmar (X%), Vietnam (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Malaysia (X%) and Singapore (X%) illustrated a downward trend over the same period. Myanmar (X p.p.), Thailand (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total imports, while Singapore and Malaysia saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported spectacle lenses of glass or other materials in ASEAN, comprising X% of total imports. The second position in the ranking was held by the Philippines ($X), with a X% share of total imports. It was followed by Malaysia, with an X% share.

In Thailand, spectacle glass lenses imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: the Philippines (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2020 to 2023, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the Philippines ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform