Australia - Spectacle Lenses Of Glass Or Other Materials - Market Analysis, Forecast, Size, Trends and Insights
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View Pricing$5.5M Worth of Spectacle Glass Lenses Imported to Australia Shows Slight Decrease in October 2023.
Australia Spectacle Glass Lenses Imports
In October 2023, imports of spectacle lenses of glass or other materials into Australia dropped to 1.1M units, reducing by -9.6% against the previous month. Over the period under review, imports showed a mild decline. The pace of growth appeared the most rapid in March 2023 with an increase of 49% month-to-month. Over the period under review, imports attained the peak figure at 1.8M units in December 2022; however, from January 2023 to October 2023, imports failed to regain momentum.
In value terms, spectacle glass lenses imports declined slightly to $5.5M (IndexBox estimates) in October 2023. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when imports increased by 23% against the previous month. Over the period under review, imports attained the maximum at 7.4M units in January 2023; however, from February 2023 to October 2023, imports stood at a somewhat lower figure.
| COUNTRY | Import Value of Spectacle Glass Lenses in Australia (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | |
| Thailand | 3.4 | 3.5 | 3.9 | 3.5 | 2.8 | 3.4 | 2.4 | 2.8 | 2.8 | 2.9 | 2.5 | 2.8 | 2.8 |
| China | 1.1 | 1.4 | 1.7 | 3.1 | 2.2 | 2.2 | 1.9 | 2.1 | 2.2 | 2.1 | 2.1 | 2.0 | 2.0 |
| Philippines | 0.5 | 0.5 | 0.6 | 0.3 | 0.4 | 0.3 | 0.4 | 0.4 | 0.3 | 0.3 | 0.5 | 0.3 | 0.3 |
| Portugal | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 |
| Others | 0.5 | 0.5 | 1.0 | 0.4 | 0.3 | 0.3 | 0.4 | 0.3 | 0.4 | 0.3 | 0.4 | 0.4 | 0.3 |
| Total | 5.5 | 5.9 | 7.3 | 7.4 | 5.6 | 6.1 | 5.1 | 5.6 | 5.7 | 5.6 | 5.5 | 5.5 | 5.5 |
Imports by Country
China (492K units), Thailand (467K units) and Portugal (31K units) were the main suppliers of spectacle glass lenses imports to Australia, with a combined 93% share of total imports.
From October 2022 to October 2023, the biggest increases were in China (with a CAGR of +5.8%), while purchases for the other leaders experienced a decline.
In value terms, Thailand ($2.8M), China ($2M) and the Philippines ($253K) were the largest spectacle glass lenses suppliers to Australia, with a combined 93% share of total imports.
In terms of the main suppliers, China, with a CAGR of +5.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.
Imports by Type
In October 2023, lenses, spectacle; unmounted, of materials other than glass (1.1M units) was the main type of spectacle glass lenses supplied to Australia, accounting for a 100% share of total imports. It was followed by lenses, spectacle; unmounted, of glass, excluding elements of glass not optically worked (2.5K units), with a 0.2% share of total imports.
From October 2022 to October 2023, the average monthly rate of growth in terms of the volume of import of lenses, spectacle; unmounted, of materials other than glass amounted to -1.8%.
In value terms, lenses, spectacle; unmounted, of materials other than glass ($5.4M) constituted the largest type of spectacle glass lenses supplied to Australia, comprising 100% of total imports. The second position in the ranking was held by lenses, spectacle; unmounted, of glass, excluding elements of glass not optically worked ($22K), with a 0.4% share of total imports.
Import Prices by Country
In October 2023, the spectacle glass lenses price amounted to $5.1 per unit (CIF, Australia), rising by 9.8% against the previous month. Overall, import price indicated slight growth from October 2022 to October 2023: its price increased at an average monthly rate of +1.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, spectacle glass lenses import price decreased by -18.9% against August 2023 indices. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 46% month-to-month. As a result, import price reached the peak level of $6,309 per thousand units. From May 2023 to October 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the Philippines ($9.0 per unit), while the price for Portugal ($1.2 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Portugal (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the spectacle glass lenses market in Australia. 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:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
