Report Update Apr 1, 2024

Puerto Rico - Spectacle Lenses of Glass or Other Materials - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Spectacle Glass Lenses Market 2022

Spectacle Glass Lenses Market Size in Puerto Rico

In 2021, after two years of decline, there was growth in the Puerto Rican spectacle glass lenses market, when its value increased by 2.8% to $X. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Spectacle Glass Lenses Production in Puerto Rico

In value terms, spectacle glass lenses production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 35% against the previous year. Puerto Rico production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Spectacle Glass Lenses Exports

Exports by Country

Thailand prevails in exports structure, recording X tons, which was approx. 85% of total exports in 2021. China (X tons) and the Philippines (X tons) held a little share of total exports.

Thailand was also the fastest-growing in terms of the spectacle lenses of glass or other materials exports, with a CAGR of +57.5% from 2012 to 2021. At the same time, China (+12.8%) and the Philippines (+5.8%) displayed positive paces of growth. Thailand (+74 p.p.) significantly strengthened its position in terms of the global exports, while the Philippines and China saw its share reduced by -6.8% and -7% from 2012 to 2021, respectively.

In value terms, China ($X), Thailand ($X) and the Philippines ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 39% of total exports.

China, with a CAGR of +9.2%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, stabilizing at the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (-1.7%), while the other leaders experienced a decline in the export price figures.

Spectacle Glass Lenses Imports

Imports by Country

Thailand dominates imports structure, reaching X tons, which was near 69% of total imports in 2021. The United States (X tons), France (X tons), Germany (X tons), China (X tons), Italy (X tons), Brazil (X tons), the UK (X tons), Japan (X tons) and the Netherlands (X tons) held a minor share of total imports.

Thailand was also the fastest-growing in terms of the spectacle lenses of glass or other materials imports, with a CAGR of +64.8% from 2012 to 2021. At the same time, China (+13.4%), Brazil (+10.1%), the UK (+7.8%), the Netherlands (+6.5%), France (+3.1%), Italy (+3.1%) and the United States (+2.6%) displayed positive paces of growth. Germany experienced a relatively flat trend pattern. By contrast, Japan (-2.4%) illustrated a downward trend over the same period. Thailand (+66 p.p.) significantly strengthened its position in terms of the global imports, while the UK, the Netherlands, Japan, Italy, France, Germany and the United States saw its share reduced by -2%, -2.2%, -3.4%, -3.8%, -5.3%, -6.4% and -8.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest spectacle glass lenses importing markets into Puerto Rico were the United States ($X), France ($X) and Germany ($X), together comprising 34% of total imports. China, the Netherlands, Thailand, Italy, the UK, Japan and Brazil lagged somewhat behind, together accounting for a further 27%.

China, with a CAGR of +13.5%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, approximately mirroring the previous year. Over the period under review, the import price recorded a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the United States ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.2%), while the other leaders experienced more modest paces of growth.

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Frequently Asked Questions (FAQ) :

What are the largest markets for spectacle lenses of glass or other materials in the world?

China remains the largest spectacle glass lenses consuming country worldwide, accounting for 23% of total volume. Moreover, spectacle glass lenses consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. Brazil ranked third in terms of total consumption with a 5.7% share.

What are the largest producers of spectacle lenses of glass or other materials in the world?

Thailand remains the largest spectacle glass lenses producing country worldwide, accounting for 51% of total volume. Moreover, spectacle glass lenses production in Thailand exceeded the figures recorded by the second-largest producer, China, threefold. The third position in this ranking was taken by India, with a 3.7% share.

What are the leading suppliers of spectacle lenses of glass or other materials to Puerto Rico?

In value terms, the United States, France and Germany appeared to be the countries with the highest levels of imports in 2021, with a combined 34% share of total imports. China, the Netherlands, Thailand, Italy, the UK, Japan and Brazil lagged somewhat behind, together accounting for a further 27%.

What are the leading importers of spectacle lenses of glass or other materials from Puerto Rico?

In value terms, China, Thailand and the Philippines were the countries with the highest levels of exports in 2021, together accounting for 39% of total exports.

What is the average export price for spectacle lenses of glass or other materials in Puerto Rico?

In 2021, the export price in Puerto Rico amounted to less than $0.1 per ton, approximately reflecting the previous year.

What is the average import price for spectacle lenses of glass or other materials in Puerto Rico?

The import price in Puerto Rico stood at less than $0.1 per ton in 2021, approximately reflecting the previous year.

This report provides an in-depth analysis of the spectacle glass lenses market in Puerto Rico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32504153 - Unmounted spectacle lenses other than for the correction of vision
Prodcom 32504155 - Unmounted single focal spectacle lenses for the correction of vision, with both sides finished
Prodcom 32504159 - Unmounted spectacle lenses for the correction of vision, with both sides finished other than single focal lenses
Prodcom 32504170 - Unmounted spectacle lenses for the correction of vision, other than those with both sides finished

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023