Myanmar: Spectacle Glass Lenses Market 2024

Spectacle Glass Lenses Market Size in Myanmar

The Myanmar's spectacle glass lenses market was finally on the rise to reach $X in 2022, after four years of decline. Over the period under review, consumption, however, faced a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Spectacle Glass Lenses Production in Myanmar

In value terms, spectacle glass lenses production declined rapidly to $X in 2022 estimated in export price. Overall, production showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Spectacle glass lenses production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

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Spectacle Glass Lenses Exports

Exports from Myanmar

In 2022, after two years of growth, there was significant decline in overseas shipments of spectacle lenses of glass or other materials, when their volume decreased by X% to X units. Over the period under review, exports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, spectacle glass lenses exports skyrocketed to $X in 2022. Overall, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

The Philippines (X units) was the main destination for spectacle glass lenses exports from Myanmar, accounting for a X% share of total exports. Moreover, spectacle glass lenses exports to the Philippines exceeded the volume sent to the second major destination, China (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the Philippines amounted to X%.

In value terms, China ($X) and the Philippines ($X) were the largest markets for spectacle glass lenses exported from Myanmar worldwide.

Among the main countries of destination, the Philippines, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average spectacle glass lenses export price amounted to $X per unit, with an increase of X% against the previous year. In general, the export price, however, saw a deep setback. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to the Philippines stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%).

Spectacle Glass Lenses Imports

Imports into Myanmar

In 2022, imports of spectacle lenses of glass or other materials into Myanmar skyrocketed to X units, increasing by X% on the year before. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, spectacle glass lenses imports surged to $X in 2022. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Japan (X units) constituted the largest spectacle glass lenses supplier to Myanmar, accounting for a X% share of total imports. Moreover, spectacle glass lenses imports from Japan exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Thailand (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Thailand (X% per year).

In value terms, Japan ($X) constituted the largest supplier of spectacle lenses of glass or other materials to Myanmar, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the average spectacle glass lenses import price amounted to $X per unit, growing by X% against the previous year. In general, the import price, however, faced a precipitous descent. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 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 Japan ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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