Vietnam - Spectacle Lenses Of Glass Or Other Materials - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpectacle Glass Lenses Price in Vietnam - 2022
Contents:
- Spectacle Glass Lenses Price in Vietnam (FOB) - 2022
- Spectacle Glass Lenses Price in Vietnam (CIF) - 2022
- Spectacle Glass Lenses Exports in Vietnam
- Spectacle Glass Lenses Imports in Vietnam
Spectacle Glass Lenses Price in Vietnam (FOB) - 2022
In 2022, the average spectacle glass lenses export price amounted to $8.4 per unit, rising by 9.2% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The pace of growth was the most pronounced in 2013 an increase of 38%. Over the period under review, the average export prices attained the maximum at $9.7 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Spain ($9.2 per unit) and Brazil ($8.8 per unit), while the average price for exports to the Philippines ($8.3 per unit) and Japan ($8.4 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Spectacle Glass Lenses Price in Vietnam (CIF) - 2022
In 2022, the average spectacle glass lenses import price amounted to $4.6 per unit, which is down by -22.6% against the previous year. Over the period under review, the import price recorded a mild decline. The most prominent rate of growth was recorded in 2019 when the average import price increased by 117%. The import price peaked at $7.2 per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Philippines ($7.6 per unit), while the price for Hong Kong SAR ($0.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Spectacle Glass Lenses Exports in Vietnam
In 2022, exports of spectacle lenses of glass or other materials from Vietnam contracted significantly to 16M units, with a decrease of -23.4% compared with the previous year's figure. In general, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +5.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 88%. As a result, the exports attained the peak of 21M units, and then shrank markedly in the following year.
In value terms, spectacle glass lenses exports declined notably to $135M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +6.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +24.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 49% against the previous year. As a result, the exports attained the peak of $161M, and then dropped notably in the following year.
| Export of Spectacle Glass Lenses in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 58.7 | 49.2 | 65.1 | 55.7 | -1.7% |
| Japan | 3.9 | 3.9 | 18.6 | 15.9 | 59.8% |
| South Korea | 11.9 | 11.8 | 17.9 | 15.4 | 9.0% |
| United States | 4.6 | 9.4 | 12.8 | 11.0 | 33.7% |
| China | 5.0 | 4.9 | 9.3 | 8.0 | 17.0% |
| Philippines | 8.1 | 5.9 | 9.0 | 7.8 | -1.3% |
| Hungary | 5.2 | 5.9 | 6.9 | 5.9 | 4.3% |
| Italy | 4.4 | 3.3 | 2.2 | 2.7 | -15.0% |
| Others | 10.7 | 14.3 | 19.3 | 12.4 | 5.0% |
| Total | 112 | 108 | 161 | 135 | 6.4% |
Top Export Markets for Spectacle Glass Lenses from Vietnam in 2022:
- Thailand (6.6M units)
- Japan (1.9M units)
- South Korea (1.8M units)
- United States (1.3M units)
- Philippines (0.9M units)
- China (0.9M units)
- Hungary (0.7M units)
- Italy (0.3M units)
Spectacle Glass Lenses Imports in Vietnam
In 2022, the amount of spectacle lenses of glass or other materials imported into Vietnam expanded remarkably to 2.9M units, picking up by 8.3% against the year before. Overall, imports, however, continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 80%. Over the period under review, imports attained the maximum at 3.6M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, spectacle glass lenses imports contracted dramatically to $13M in 2022. In general, imports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. As a result, imports attained the peak of $16M, and then fell rapidly in the following year.
| Import of Spectacle Glass Lenses in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.7 | 7.7 | 8.5 | 6.5 | -17.8% |
| South Korea | 0.2 | 0.1 | 4.9 | 3.9 | 169.2% |
| Thailand | 1.1 | 1.3 | 1.0 | 0.9 | -6.5% |
| Hong Kong SAR | 1.0 | N/A | 0.4 | 0.8 | -7.2% |
| Japan | 0.4 | 0.4 | 0.4 | 0.3 | -9.1% |
| Others | 1.3 | 1.3 | 0.7 | 1.0 | -8.4% |
| Total | 15.8 | 10.8 | 16.0 | 13.4 | -5.3% |
Top Suppliers of Spectacle Glass Lenses to Vietnam in 2022:
- Hong Kong SAR (1192.8K units)
- China (937.0K units)
- South Korea (523.5K units)
- Thailand (120.2K units)
- Japan (46.6K units)
This report provides an in-depth analysis of the spectacle glass lenses market in Vietnam. 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:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- 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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