Latin America and the Caribbean: Spectacle Glass Lenses Market 2024

Spectacle Glass Lenses Market Size in Latin America and the Caribbean

The Latin American spectacle glass lenses market declined sharply to $X in 2022, dropping by X% against the previous year. In general, consumption saw a slight curtailment. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Spectacle Glass Lenses Production in Latin America and the Caribbean

In value terms, spectacle glass lenses production stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

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Spectacle Glass Lenses Exports

Exports in Latin America and the Caribbean

In 2022, approx. X units of spectacle lenses of glass or other materials were exported in Latin America and the Caribbean; rising by X% compared with 2021. In general, exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, spectacle glass lenses exports amounted to $X in 2022. Overall, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The shipments of the one major exporters of spectacle lenses of glass or other materials, namely Mexico, represented more than two-thirds of total export.

Mexico 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. Mexico (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) also remains the largest spectacle glass lenses supplier in Latin America and the Caribbean.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico totaled X%.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, waning by X% against the previous year. Export price indicated mild growth from 2012 to 2022: its price 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, spectacle glass lenses export price decreased by X% against 2018 indices. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Mexico.

From 2012 to 2022, the rate of growth in terms of prices for Mexico amounted to X% per year.

Spectacle Glass Lenses Imports

Imports in Latin America and the Caribbean

In 2022, approx. X units of spectacle lenses of glass or other materials were imported in Latin America and the Caribbean; surging by X% compared with 2021. In general, imports posted prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, spectacle glass lenses imports totaled $X in 2022. Total imports indicated a resilient 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 2021 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Brazil represented the main importer of spectacle lenses of glass or other materials in Latin America and the Caribbean, with the volume of imports finishing at X units, which was approx. X% of total imports in 2022. Mexico (X units) held the second position in the ranking, distantly followed by Argentina (X units), Colombia (X units) and Chile (X units). All these countries together held near X% share of total imports. Ecuador (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to spectacle glass lenses imports into Brazil stood at X%. At the same time, Chile (X%), Mexico (X%), Ecuador (X%), Colombia (X%) and Argentina (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Mexico, Chile and Brazil increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported spectacle lenses of glass or other materials in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with an X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Mexico amounted to X%. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, increasing by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per unit), while Argentina ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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