Hong Kong SAR, China - Spectacle Lenses Of Glass Or Other Materials - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHong Kong Experiences 38% Surge in Spectacle Glass Lenses Exports, Reaching An Unprecedented $348 Million in 2024
Hong Kong Spectacle Glass Lenses Exports
In 2024, spectacle glass lenses exports from Hong Kong declined remarkably to 56M units, which is down by -17.4% compared with the year before. Over the period under review, exports continue to indicate a perceptible setback. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. The exports peaked at 83M units in 2017; however, from 2018 to 2024, the exports stood at a somewhat lower figure.
In value terms, spectacle glass lenses exports reduced to $306M (IndexBox estimates) in 2024. Overall, total exports indicated a resilient expansion from 2014 to 2024: its value increased at an average annual rate of +8.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports increased by +20.9% against 2022 indices. The pace of growth appeared the most rapid in 2015 with an increase of 84% against the previous year. The exports peaked at $348M in 2023, and then reduced in the following year.
| COUNTRY | Export Value of Spectacle Glass Lenses in Hong Kong (million USD) | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Australia | 7.0 | 5.0 | 15.2 | 32.9 | 35.6 | 33.5 | 38.3 | 44.8 | 70.8 | 96.4 |
| China | 63.0 | 113 | 80.8 | 136 | 114 | 156 | 148 | 101 | 78.3 | 85.1 |
| Italy | 22.8 | 18.7 | 27.3 | 32.1 | 34.0 | 41.4 | 26.7 | 36.7 | 26.4 | 34.7 |
| Germany | 4.6 | 11.7 | 13.4 | 8.2 | 4.4 | 1.5 | 2.6 | 4.7 | 4.7 | 27.4 |
| United States | 10.6 | 4.6 | 10.1 | 10.6 | 12.6 | 7.3 | 8.0 | 16.6 | 12.5 | 21.8 |
| United Kingdom | 2.1 | 1.8 | 4.6 | 7.4 | 10.0 | 11.8 | 9.0 | 14.7 | 17.2 | 18.1 |
| France | 3.5 | 3.8 | 2.9 | 2.8 | 1.3 | 1.2 | 1.1 | 2.8 | 3.2 | 15.9 |
| South Korea | 4.3 | 52.8 | 9.9 | 4.3 | 6.9 | 7.5 | 5.2 | 8.0 | 3.3 | 1.4 |
| Others | 12.6 | 28.6 | 31.0 | 32.8 | 25.8 | 22.6 | 19.1 | 25.9 | 36.6 | 47.2 |
| Total | 131 | 240 | 195 | 267 | 244 | 283 | 258 | 255 | 253 | 348 |
Exports by Country
China (23M units), Italy (19M units) and Australia (5.9M units) were the main destinations of spectacle glass lenses exports from Hong Kong, together accounting for 70% of total exports.
From 2014 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +33.7%), while the other leaders experienced more modest paces of growth.
In value terms, Australia ($96M), China ($85M) and Italy ($35M) constituted the largest markets for spectacle glass lenses exported from Hong Kong worldwide, together comprising 62% of total exports.
Australia, with a CAGR of +33.9%, saw 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.
Exports by Type
Lenses, spectacle; unmounted, of materials other than glass (39M units) was the largest type of spectacle lenses of glass or other materials exported from Hong Kong, accounting for a 70% 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 (17M units), twofold.
From 2014 to 2024, the average annual rate of growth in terms of the volume of lenses, spectacle; unmounted, of materials other than glass exports stood at -4.3%.
In value terms, lenses, spectacle; unmounted, of materials other than glass ($244M) remains the largest type of spectacle lenses of glass or other materials exported from Hong Kong, comprising 80% of total exports. The second position in the ranking was taken by lenses, spectacle; unmounted, of glass, excluding elements of glass not optically worked ($62M), with a 20% share of total exports.
From 2014 to 2024, the average annual growth rate of the value of lenses, spectacle; unmounted, of materials other than glass exports totaled +9.7%.
Export Prices by Country
In 2024, the spectacle glass lenses price stood at $5.2 per unit in 2023 (FOB, Hong Kong), growing by 22% against the previous year. Over the period under review, the export price posted a buoyant increase. The growth pace was the most rapid in 2015 when the average export price increased by 86%. The export price peaked in 2023 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Australia ($16 per unit), while the average price for exports to Brazil ($1.4 per unit) was amongst the lowest.
From 2014 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the spectacle glass lenses market in Hong Kong SAR, 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, 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:
- 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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
