Asia-Pacific: Spectacle Glass Lenses Market 2024

Spectacle Glass Lenses Market Size in Asia-Pacific

In 2022, the Asia-Pacific spectacle glass lenses market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Spectacle Glass Lenses Production in Asia-Pacific

In value terms, spectacle glass lenses production contracted modestly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Spectacle Glass Lenses Exports

Exports in Asia-Pacific

In 2022, overseas shipments of spectacle lenses of glass or other materials increased by X% to X units, rising for the second year in a row after two years of decline. In general, exports continue to indicate a tangible expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, spectacle glass lenses exports declined to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

China was the major exporting country with an export of about X units, which reached X% of total exports. It was distantly followed by Thailand (X units), constituting an X% share of total exports. Hong Kong SAR (X units) and the Philippines (X units) held a minor share of total exports.

China was also the fastest-growing in terms of the spectacle lenses of glass or other materials exports, with a CAGR of X% from 2012 to 2022. At the same time, the Philippines (X%) and Thailand (X%) displayed positive paces of growth. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of 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, China ($X), Thailand ($X) and the Philippines ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, shrinking by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Spectacle Glass Lenses Imports

Imports in Asia-Pacific

In 2022, overseas purchases of spectacle lenses of glass or other materials increased by X% to X units, rising for the second year in a row after two years of decline. Total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, spectacle glass lenses imports declined to $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2012 indices. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, India (X units), distantly followed by Thailand (X units), Hong Kong SAR (X units), China (X units), Japan (X units) and Myanmar (X units) were the main importers of spectacle lenses of glass or other materials, together generating X% of total imports. Malaysia (X units) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spectacle glass lenses importing markets in Asia-Pacific were China ($X), Thailand ($X) and Hong Kong SAR ($X), together comprising X% of total imports. Japan, India, Malaysia and Myanmar lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Myanmar, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, reducing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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