Argentina: Spectacle Glass Lenses Market 2024

Spectacle Glass Lenses Market Size in Argentina

In 2022, the Argentinian spectacle glass lenses market increased by 21% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Spectacle glass lenses consumption peaked in 2022 and is likely to see gradual growth in years to come.

Spectacle Glass Lenses Exports

Exports from Argentina

In 2022, shipments abroad of spectacle lenses of glass or other materials increased by 37% to X units, rising for the second consecutive year after six years of decline. Overall, exports, however, showed a perceptible curtailment. The pace of growth was the most pronounced in 2014 when exports increased by 92%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, spectacle glass lenses exports contracted to $X in 2022. In general, exports, however, faced a precipitous decline. The most prominent rate of growth was recorded in 2016 when exports increased by 99% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units) was the main destination for spectacle glass lenses exports from Argentina, with a 95% share of total exports. Moreover, spectacle glass lenses exports to the United Arab Emirates exceeded the volume sent to the second major destination, the United States (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at +30.8%.

In value terms, the United States ($X) remains the key foreign market for spectacle lenses of glass or other materials exports from Argentina, comprising 69% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to -22.2%.

Export Prices by Country

The average spectacle glass lenses export price stood at $X per unit in 2022, reducing by -31.2% against the previous year. Over the period under review, the export price showed a significant decline. The growth pace was the most rapid in 2016 when the average export price increased by 102% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 the United States ($X per unit), while the average price for exports to the United Arab Emirates stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.3%), while the prices for the other major destinations experienced a decline.

Spectacle Glass Lenses Imports

Imports into Argentina

For the fourth consecutive year, Argentina recorded growth in purchases abroad of spectacle lenses of glass or other materials, which increased by 23% to X units in 2022. The total import volume increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, spectacle glass lenses imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +69.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 38%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X units) was the main supplier of spectacle glass lenses to Argentina, with a 95% share of total imports. It was followed by Taiwan (Chinese) (X units), with a 1.7% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +6.5%.

In value terms, China ($X) constituted the largest supplier of spectacle lenses of glass or other materials to Argentina, comprising 79% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 0.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +12.0%.

Import Prices by Country

The average spectacle glass lenses import price stood at $X per unit in 2022, remaining constant against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 31%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Taiwan (Chinese) totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.2%).

Source: IndexBox Platform

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