Global Spectacle Glass Lenses Market 2024

Spectacle Glass Lenses Market Size

The global spectacle glass lenses market expanded markedly to $X in 2023, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the global market remained at a somewhat lower figure.

Spectacle Glass Lenses Production

In value terms, spectacle glass lenses production expanded rapidly to $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, global production attained the peak level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Spectacle Glass Lenses Exports

Exports

In 2023, overseas shipments of spectacle lenses of glass or other materials increased by X% to X units, rising for the third year in a row after two years of decline. In general, exports showed a moderate expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The global exports peaked in 2023 and are expected to retain growth in years to come.

In value terms, spectacle glass lenses exports rose markedly to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The global exports peaked in 2023 and are likely to see steady growth in the near future.

Exports by Country

China dominates exports structure, accounting for X units, which was approx. X% of total exports in 2023. It was distantly followed by Thailand (X units), comprising an X% share of total exports. The following exporters - Malaysia (X units), Mexico (X units), Hong Kong SAR (X units), Germany (X units), France (X units), the Czech Republic (X units) and the Netherlands (X units) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Malaysia (X%), the Czech Republic (X%), Mexico (X%), the Netherlands (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. France and Germany experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. China (X p.p.), Malaysia (X p.p.) and Mexico (X p.p.) significantly strengthened its position in terms of the global exports, while Hong Kong SAR 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, China ($X), Thailand ($X) and Mexico ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of global exports. Germany, the Netherlands, Hong Kong SAR, the Czech Republic, France and Malaysia lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, the Czech Republic, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average spectacle glass lenses export price stood at $X per unit in 2023, almost unchanged from the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2023, the average 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 Netherlands ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

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

Spectacle Glass Lenses Imports

Imports

In 2023, after two years of growth, there was decline in purchases abroad of spectacle lenses of glass or other materials, when their volume decreased by X% to X units. Over the period under review, total imports indicated a perceptible increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. Global imports peaked at X units in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, spectacle glass lenses imports expanded 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. Global imports peaked in 2023 and are expected to retain growth in years to come.

Imports by Country

In 2023, India (X units), distantly followed by Thailand (X units), France (X units), Italy (X units), Germany (X units), Brazil (X units) and Hong Kong SAR (X units) were the largest importers of spectacle lenses of glass or other materials, together creating X% of total imports. The United States (X units), China (X units), Turkey (X units), the UK (X units), Japan (X units) and the Netherlands (X units) took a minor share of total imports.

India was also the fastest-growing in terms of the spectacle lenses of glass or other materials imports, with a CAGR of X% from 2012 to 2023. At the same time, Thailand (X%), Turkey (X%), Brazil (X%), the Netherlands (X%), France (X%), Italy (X%), Germany (X%) and the UK (X%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. By contrast, the United States (X%), China (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of India (X p.p.), Thailand (X p.p.) and Brazil (X p.p.) increased significantly in terms of the global imports from 2012-2023, the share of the United States (X p.p.), China (X p.p.) and Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest spectacle glass lenses importing markets worldwide were the United States ($X), France ($X) and Germany ($X), together comprising X% of global imports. China, the Netherlands, Thailand, Italy, the UK, Hong Kong SAR, India, Japan, Brazil and Turkey lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average spectacle glass lenses import price amounted to $X per unit, increasing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2023, import prices stood 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 United States ($X per unit), while Turkey ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform