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China - Spectacle Lenses Of Glass Or Other Materials - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

China - Spectacle Lenses Of Glass Or Other Materials - Market Analysis, Forecast, Size, Trends and Insights

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Sep 1, 2023

Export of Spectacle Glass Lenses in China Dips to $111M by June 2023

China Spectacle Glass Lenses Exports

In June 2023, approximately 149M units of spectacle lenses of glass or other materials were exported from China; growing by 4.6% on May 2023 figures. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 with an increase of 175% month-to-month. The exports peaked at 183M units in January 2023; however, from February 2023 to June 2023, the exports failed to regain momentum.

In value terms, spectacle glass lenses exports shrank modestly to $111M (IndexBox estimates) in June 2023. Over the period under review, exports, however, recorded a mild setback. The most prominent rate of growth was recorded in March 2023 with an increase of 61% against the previous month. The exports peaked at 131M units in June 2022; however, from July 2022 to June 2023, the exports failed to regain momentum. China Spectacle Glass Lenses Exports By Country (Million USD)

COUNTRYExport Value of Spectacle Glass Lenses in China (million USD)
Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023
India13.712.810.713.013.711.711.614.76.012.412.012.713.3
United States11.711.310.59.17.67.611.011.29.113.210.98.710.0
Italy8.78.17.18.67.15.86.29.25.68.97.77.98.5
Brazil7.88.56.08.87.06.14.97.23.25.25.76.14.8
South Korea4.03.19.23.321.72.59.14.13.04.54.84.43.2
Turkey3.92.42.21.61.72.62.14.01.12.02.82.52.6
Indonesia2.31.82.02.92.71.31.41.50.71.71.61.11.1
Others78.874.164.466.565.772.670.975.947.875.170.769.767.9
Total13112211211412711011712876.5123116113111

Exports by Country

India (47M units) was the main destination for spectacle glass lenses exports from China, accounting for a 31% share of total exports. Moreover, spectacle glass lenses exports to India exceeded the volume sent to the second major destination, Italy (9.2M units), fivefold. Brazil (7.3M units) ranked third in terms of total exports with a 4.9% share.

From June 2022 to June 2023, the average monthly rate of growth in terms of volume to India amounted to +2.3%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Italy (-1.0% per month) and Brazil (-1.8% per month).

In value terms, India ($13M), the United States ($10M) and Italy ($8.5M) were the largest markets for spectacle glass lenses exported from China worldwide, with a combined 29% share of total exports.

Italy, with a CAGR of -0.2%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Exports by Type

Lenses, spectacle; unmounted, of materials other than glass (132M units) was the largest type of spectacle glass lenses exported from China, accounting for a 88% share of total exports. Moreover, lenses, spectacle; unmounted, of materials other than glass exceeded the volume of the second product type, lenses, spectacle; unmounted, of glass, excluding elements of glass not optically worked (18M units), sevenfold.

From June 2022 to June 2023, the average monthly growth rate of the volume of export of lenses, spectacle; unmounted, of materials other than glass was relatively modest.

In value terms, lenses, spectacle; unmounted, of materials other than glass ($104M) remains the largest type of spectacle glass lenses exported from China, comprising 93% of total exports. The second position in the ranking was taken by lenses, spectacle; unmounted, of glass, excluding elements of glass not optically worked ($7.4M), with a 6.6% share of total exports.

From June 2022 to June 2023, the average monthly growth rate of the export volume of lenses, spectacle; unmounted, of materials other than glass totaled -1.4%.

Export Prices by Country

In June 2023, the spectacle glass lenses price stood at $746 per thousand units (FOB, China), reducing by -5.8% against the previous month. Over the period under review, the export price continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 93% m-o-m. As a result, the export price reached the peak level of $1,345 per thousand units. From March 2023 to June 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($1.5 per unit), while the average price for exports to Bangladesh ($220 per thousand units) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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

Data coverage:

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

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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