Report Update Apr 1, 2024

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

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Sri Lanka: Spectacle Glass Lenses Market 2024

Spectacle Glass Lenses Market Size in Sri Lanka

In 2022, the Sri Lankan spectacle glass lenses market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption continues to indicate a prominent increase. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in years to come.

Spectacle Glass Lenses Exports

Exports from Sri Lanka

In 2022, overseas shipments of spectacle lenses of glass or other materials increased by X% to X units, rising for the third consecutive year after two years of decline. In general, exports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, spectacle glass lenses exports surged to $X in 2022. Overall, exports saw a modest increase. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Maldives (X units) was the main destination for spectacle glass lenses exports from Sri Lanka, accounting for a approx. X% share of total exports.

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

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

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

Export Prices by Country

In 2022, the average spectacle glass lenses export price amounted to $X per unit, increasing by X% against the previous year. Overall, the export price recorded buoyant growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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

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

Spectacle Glass Lenses Imports

Imports into Sri Lanka

In 2022, supplies from abroad of spectacle lenses of glass or other materials increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, spectacle glass lenses imports expanded sharply to $X in 2022. Overall, imports posted a strong expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest spectacle glass lenses supplier to Sri Lanka, accounting for a X% share of total imports. Moreover, spectacle glass lenses imports from China exceeded the figures recorded by the second-largest supplier, the Philippines (X units), more than tenfold. The third position in this ranking was held by Saint Vincent and the Grenadines (X units), with a X% share.

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

In value terms, China ($X), the Philippines ($X) and India ($X) were the largest spectacle glass lenses suppliers to Sri Lanka, with a combined X% share of total imports.

The Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spectacle glass lenses import price stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X%. The import price peaked at $X per unit in 2018; however, from 2019 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 ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The countries with the highest volumes of consumption in 2023 were China, India and the United States, with a combined 35% share of global consumption. Canada, Brazil, Japan, Italy, Indonesia, France, Germany, the UK, Turkey and Hong Kong SAR lagged somewhat behind, together accounting for a further 37%.

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

China remains the largest spectacle glass lenses producing country worldwide, comprising approx. 60% of total volume. Moreover, spectacle glass lenses production in China exceeded the figures recorded by the second-largest producer, Canada, ninefold. Thailand ranked third in terms of total production with a 4.5% share.

What are the leading suppliers of spectacle lenses of glass or other materials to Sri Lanka?

In value terms, the largest spectacle glass lenses suppliers to Sri Lanka were China, the Philippines and India, with a combined 85% share of total imports.

What are the leading importers of spectacle lenses of glass or other materials from Sri Lanka?

In value terms, Maldives remains the key foreign market for spectacle lenses of glass or other materials exports from Sri Lanka.

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

The average spectacle glass lenses export price stood at $26 per unit in 2022, surging by 23% against the previous year.

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

The average spectacle glass lenses import price stood at $3.7 per unit in 2022, with a decrease of -23.4% against the previous year.

This report provides an in-depth analysis of the spectacle glass lenses market in Sri Lanka. 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:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
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