Report Update Nov 1, 2024

Azerbaijan - Spectacle Lenses of Glass or Other Materials - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Spectacle Glass Lenses Market 2024

Spectacle Glass Lenses Market Size in Azerbaijan

The Azerbaijani spectacle glass lenses market declined significantly to $X in 2022, which is down by -60.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, posted a significant increase. Over the period under review, the market attained the maximum level at $X in 2021, and then fell markedly in the following year.

Spectacle Glass Lenses Imports

Imports into Azerbaijan

In 2022, imports of spectacle lenses of glass or other materials into Azerbaijan contracted sharply to X units, with a decrease of -61% on the year before. Overall, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2016 with an increase of 1,194%. Over the period under review, imports hit record highs at X units in 2021, and then shrank markedly in the following year.

In value terms, spectacle glass lenses imports reduced dramatically to $X in 2022. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 262%. Imports peaked at $X in 2021, and then fell sharply in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of spectacle glass lenses to Azerbaijan, accounting for a 69% share of total imports. Moreover, spectacle glass lenses imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), sixfold. Thailand (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +70.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+15.1% per year) and Thailand (+28.6% per year).

In value terms, China ($X) constituted the largest supplier of spectacle lenses of glass or other materials to Azerbaijan, comprising 40% of total imports. The second position in the ranking was taken by Thailand ($X), with a 17% share of total imports. It was followed by Turkey, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +88.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+37.6% per year) and Turkey (+33.8% per year).

Import Prices by Country

In 2022, the average spectacle glass lenses import price amounted to $X per unit, surging by 80% against the previous year. In general, the import price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of 98% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for spectacle lenses of glass or other materials in the world?

The country with the largest volume of spectacle glass lenses consumption was South Africa, accounting for 86% of total volume. It was followed by China, with a 2% share of total consumption.

What are the largest producers of spectacle lenses of glass or other materials in the world?

China remains the largest spectacle glass lenses producing country worldwide, comprising approx. 23% of total volume. Moreover, spectacle glass lenses production in China exceeded the figures recorded by the second-largest producer, India, twofold. The Philippines ranked third in terms of total production with a 6.8% share.

What are the leading suppliers of spectacle lenses of glass or other materials to Azerbaijan?

In value terms, China constituted the largest supplier of spectacle glass lenses to Azerbaijan, comprising 47% of total imports. The second position in the ranking was occupied by the Philippines, with a 13% share of total imports. It was followed by Turkey, with a 10% share.

What are the leading importers of spectacle lenses of glass or other materials from Azerbaijan?

In value terms, Georgia remains the key foreign market for spectacle glass lenses exports from Azerbaijan.

What is the average export price for spectacle lenses of glass or other materials in Azerbaijan?

In 2021, the average spectacle glass lenses export price amounted to $48,566 per ton, increasing by 11% against the previous year.

What is the average import price for spectacle lenses of glass or other materials in Azerbaijan?

The average spectacle glass lenses import price stood at $89,064 per ton in 2021, surging by 18% against the previous year.

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

Azerbaijan

Data coverage:

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

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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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