Mexico: Spectacle Glass Lenses Market 2024

Spectacle Glass Lenses Market Size in Mexico

For the fourth consecutive year, the Mexican spectacle glass lenses market recorded decline in sales value, which decreased by X% to $X in 2022. Overall, consumption saw a abrupt decrease. 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 Mexico

In value terms, spectacle glass lenses production contracted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Spectacle Glass Lenses Exports

Exports from Mexico

In 2022, overseas shipments of spectacle lenses of glass or other materials increased by X% to X units, rising for the fourth year in a row after two years of decline. Overall, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, spectacle glass lenses exports stood at $X in 2022. Over the period under review, exports saw a resilient expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

The United States (X units) was the main destination for spectacle glass lenses exports from Mexico, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%.

In value terms, the United States ($X) also remains the key foreign market for spectacle lenses of glass or other materials exports from Mexico.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%.

Export Prices by Country

The average spectacle glass lenses export price stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the export price showed a mild decrease. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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

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

Spectacle Glass Lenses Imports

Imports into Mexico

For the eighth year in a row, Mexico recorded growth in overseas purchases of spectacle lenses of glass or other materials, which increased by X% to X units in 2022. Overall, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, spectacle glass lenses imports expanded notably to $X in 2022. In general, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, the United States (X units) constituted the largest spectacle glass lenses supplier to Mexico, accounting for a X% share of total imports. Moreover, spectacle glass lenses imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was held by Lao People's Democratic Republic (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Lao People's Democratic Republic (X% per year).

In value terms, the United States ($X) constituted the largest supplier of spectacle lenses of glass or other materials to Mexico, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Lao People's Democratic Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Lao People's Democratic Republic (X% per year).

Import Prices by Country

The average spectacle glass lenses import price stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per unit) and the Philippines ($X per unit), while the price for Thailand ($X per unit) and the United States ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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