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

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

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Dec 2, 2023

September 2023 Sees South Africa's Import of Spectacle Glass Lenses Decrease Considerably to $1.5M

South Africa Spectacle Glass Lenses Imports

Spectacle glass lenses imports into South Africa declined remarkably to 283K units in September 2023, shrinking by -35.4% compared with August 2023 figures. In general, imports saw a pronounced curtailment. The growth pace was the most rapid in December 2022 with an increase of 75% month-to-month. As a result, imports reached the peak of 890K units. From January 2023 to September 2023, the growth of imports remained at a somewhat lower figure.

In value terms, spectacle glass lenses imports fell to $1.5M (IndexBox estimates) in September 2023. Over the period under review, imports recorded a slight reduction. The pace of growth was the most pronounced in December 2022 with an increase of 36% m-o-m. Imports peaked at 2.7M units in January 2023; however, from February 2023 to September 2023, imports failed to regain momentum.South Africa Spectacle Glass Lenses Imports By Country (Thousand USD)

COUNTRYImport Value of Spectacle Glass Lenses in South Africa (thousand USD)
Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023Aug 2023Sep 2023
Thailand6886709841,0631,3711,1981,105890949696841825717
Philippines22011318350233488.228035150124951.1247319
United Arab Emirates90.810510885.013213011210411293.0118111102
India12199.818010515018912411714810911112194.2
China36240712246538220527545140428431621181.4
Others277191295316310188283226243211175197208
Total1,7591,5851,8722,5372,6791,9992,1792,1402,3591,6421,6111,7131,522

Imports by Country

Thailand (96K units), China (80K units) and the Philippines (37K units) were the main suppliers of spectacle glass lenses imports to South Africa, together comprising 75% of total imports. The United Arab Emirates and India lagged somewhat behind, together accounting for a further 10%.

From September 2022 to September 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +3.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($717K) constituted the largest supplier of spectacle glass lenses to South Africa, comprising 47% of total imports. The second position in the ranking was held by the Philippines ($319K), with a 21% share of total imports. It was followed by the United Arab Emirates, with a 6.7% share.

From September 2022 to September 2023, the average monthly rate of growth in terms of value from Thailand was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: the Philippines (+3.1% per month) and the United Arab Emirates (+1.0% per month).

Imports by Type

In September 2023, lenses, spectacle; unmounted, of materials other than glass (269K units) was the main type of spectacle glass lenses supplied to South Africa, with a 95% share of total imports. Moreover, lenses, spectacle; unmounted, of materials other than glass exceeded the figures recorded for the second-largest type, lenses, spectacle; unmounted, of glass, excluding elements of glass not optically worked (14K units), more than tenfold.

From September 2022 to September 2023, the average monthly growth rate of the volume of import of lenses, spectacle; unmounted, of materials other than glass amounted to -3.7%.

In value terms, lenses, spectacle; unmounted, of materials other than glass ($1.4M) constituted the largest type of spectacle glass lenses supplied to South Africa, comprising 90% of total imports. The second position in the ranking was taken by lenses, spectacle; unmounted, of glass, excluding elements of glass not optically worked ($158K), with a 10% share of total imports.

Import Prices by Country

In September 2023, the spectacle glass lenses price amounted to $5.4 per unit (CIF, South Africa), jumping by 38% against the previous month. Overall, import price indicated noticeable growth from September 2022 to September 2023: its price increased at an average monthly rate of +3.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, spectacle glass lenses import price increased by +60.2% against May 2023 indices. The most prominent rate of growth was recorded in January 2023 an increase of 58% month-to-month. Over the period under review, average import prices hit record highs in September 2023.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was India ($9.1 per unit), while the price for Taiwan (Chinese) ($572 per thousand units) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by India (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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

  • South Africa

Data coverage:

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