Peru: Spectacle Glass Lenses Market 2024

Spectacle Glass Lenses Market Size in Peru

The Peruvian spectacle glass lenses market declined to $X in 2022, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Spectacle Glass Lenses Exports

Exports from Peru

In 2022, exports of spectacle lenses of glass or other materials from Peru skyrocketed to X units, growing by X% on the previous year's figure. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2019 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, spectacle glass lenses exports surged to $X in 2022. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Ecuador (X units) was the main destination for spectacle glass lenses exports from Peru, with a X% share of total exports. Moreover, spectacle glass lenses exports to Ecuador exceeded the volume sent to the second major destination, Chile (X units), eightfold.

From 2012 to 2022, the average annual growth rate of volume to Ecuador stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and China (X% per year).

In value terms, Ecuador ($X) remains the key foreign market for spectacle lenses of glass or other materials exports from Peru, comprising X% of total exports. The second position in the ranking was held by Chile ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Ecuador stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average spectacle glass lenses export price amounted to $X per unit, dropping by X% against the previous year. Overall, the export price, however, showed resilient growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

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 Ecuador ($X per unit), while the average price for exports to Chile ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced mixed trend patterns.

Spectacle Glass Lenses Imports

Imports into Peru

For the third year in a row, Peru recorded decline in supplies from abroad of spectacle lenses of glass or other materials, which decreased by X% to X units in 2022. Over the period under review, imports saw a pronounced downturn. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, spectacle glass lenses imports reduced to $X in 2022. Overall, total imports indicated a buoyant expansion 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 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of spectacle glass lenses to Peru, accounting for a X% share of total imports. It was followed by Hong Kong SAR (X units), with a X% share of total imports. The third position in this ranking was taken by Lao People's Democratic Republic (X units), with a X% share.

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

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

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

Import Prices by Country

The average spectacle glass lenses import price stood at $X per unit in 2022, jumping by X% against the previous year. Over the period under review, the import price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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