Thailand: Spectacle Glass Lenses Market 2024

Spectacle Glass Lenses Market Size in Thailand

In 2022, the Thai spectacle glass lenses market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a mild downturn. Spectacle glass lenses consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Spectacle Glass Lenses Production in Thailand

In value terms, spectacle glass lenses production declined to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Spectacle glass lenses production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Spectacle Glass Lenses Exports

Exports from Thailand

In 2022, overseas shipments of spectacle lenses of glass or other materials decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. The total export volume 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. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2021, and then dropped in the following year.

In value terms, spectacle glass lenses exports declined to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then shrank modestly in the following year.

Exports by Country

The United States (X units) was the main destination for spectacle glass lenses exports from Thailand, accounting for a X% share of total exports. Moreover, spectacle glass lenses exports to the United States exceeded the volume sent to the second major destination, Germany (X units), twofold. The third position in this ranking was taken by France (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and France (X% per year).

In value terms, the United States ($X), the Netherlands ($X) and France ($X) constituted the largest markets for spectacle glass lenses exported from Thailand worldwide, with a combined X% share of total exports.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average spectacle glass lenses export price stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price recorded modest growth. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to India ($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 more modest paces of growth.

Spectacle Glass Lenses Imports

Imports into Thailand

For the third consecutive year, Thailand recorded growth in supplies from abroad of spectacle lenses of glass or other materials, which increased by X% to X units in 2022. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its volume 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 2019 indices. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, spectacle glass lenses imports totaled $X in 2022. The total import 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. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Vietnam (X units), China (X units) and Lao People's Democratic Republic (X units) were the main suppliers of spectacle glass lenses imports to Thailand, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lao People's Democratic Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), the Philippines ($X) and China ($X) were the largest spectacle glass lenses suppliers to Thailand, with a combined X% share of total imports. Mexico, Ireland, Lao People's Democratic Republic, Indonesia, the United States, Japan and France lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Lao People's Democratic Republic, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average spectacle glass lenses import price amounted to $X per unit, declining by X% against the previous year. In general, the import price recorded a pronounced decline. The pace of growth was the most pronounced in 2019 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Lao People's Democratic Republic ($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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