Report Update: Apr 3, 2024

Sri Lanka - Personal Spectacle Optics - Market Analysis, Forecast, Size, Trends And Insights

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Personal Spectacle Optics Price in Sri Lanka - 2021

Personal Spectacle Optics Price in Sri Lanka (CIF) - 2022

In 2022, the average personal spectacle optics import price amounted to $1.4 per unit, declining by -2.1% against the previous year. Overall, the import price, however, enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 35%. The import price peaked at $2.6 per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($2.5 per unit), while the price for Taiwan (Chinese) ($0.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Personal Spectacle Optics Price in Sri Lanka (FOB) - 2022

The average personal spectacle optics export price stood at $2 per unit in 2022, falling by -74.7% against the previous year. In general, the export price showed a abrupt setback. The pace of growth was the most pronounced in 2018 when the average export price increased by 161%. As a result, the export price reached the peak level of $12 per unit. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($4.6 per unit), while the average price for exports to Ukraine (less than $0.1 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 the United States (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Personal Spectacle Optics Imports in Sri Lanka

Personal spectacle optics imports into Sri Lanka fell markedly to 653K units in 2022, with a decrease of -67.9% compared with the previous year. Overall, imports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 65% against the previous year. As a result, imports attained the peak of 2M units, and then declined rapidly in the following year.

In value terms, personal spectacle optics imports dropped markedly to $934K in 2022. In general, imports showed a sharp contraction. The growth pace was the most rapid in 2021 with an increase of 16%. Over the period under review, imports attained the maximum at $4M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Personal Spectacle Optics in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,655	1,158	1,321	366	-39.5%
Hong Kong SAR	49.9	6.1	330	274	76.4%
India	194	97.2	75.0	60.9	-32.0%
Singapore	47.1	67.0	18.3	17.2	-28.5%
Taiwan (Chinese)	34.1	12.8	10.6	7.4	-39.9%
Others	2,016	1,222	1,211	208	-53.1%
Total	3,996	2,563	2,966	934	-38.4%

Top Suppliers of Personal Spectacle Optics to Sri Lanka in 2022:

China (298.0K units)
Hong Kong SAR (230.4K units)
India (57.0K units)
Taiwan (Chinese) (28.1K units)
Singapore (6.9K units)

Personal Spectacle Optics Exports in Sri Lanka

In 2022, after two years of decline, there was significant growth in overseas shipments of personal spectacle optics, when their volume increased by 145% to 3.9K units. Overall, exports, however, continue to indicate a abrupt decline. Over the period under review, the exports attained the maximum at 5.2K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, personal spectacle optics exports dropped rapidly to $7.8K in 2022. In general, exports, however, recorded a dramatic contraction. The smallest decline of -21.7% was in 2020. The exports peaked at $31K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Personal Spectacle Optics in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Maldives	8.0	9.1	1.7	6.5	-6.7%
Seychelles	2.7	0.1	N/A	0.6	-39.4%
Lebanon	N/A	N/A	N/A	0.5	0%
Ukraine	N/A	N/A	N/A	0.1	0%
United Arab Emirates	7.6	0.7	0.3	0.1	-76.4%
Solomon Islands	N/A	N/A	0.5	N/A	0%
Bahrain	6.9	0.3	1.5	N/A	-53.4%
Others	5.9	14.2	8.6	0.1	-74.3%
Total	31.2	24.4	12.6	7.8	-37.0%

Top Export Markets for Personal Spectacle Optics from Sri Lanka in 2022:

Ukraine (1632.0 units)
Maldives (1392.0 units)
Lebanon (405.0 units)
Seychelles (378.0 units)
United Arab Emirates (50.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the personal spectacle optics market in Sri Lanka. 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 32504250 - Sunglasses
Prodcom 32504290 - Spectacles, goggles and the like, corrective, protective or other (excluding sunglasses)

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023