Brazil: Spectacle Glass Lenses Market 2024

Spectacle Glass Lenses Market Size in Brazil

In 2022, the Brazilian spectacle glass lenses market increased by 7% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +27.7% against 2020 indices. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Spectacle Glass Lenses Production in Brazil

In value terms, spectacle glass lenses production totaled $X in 2022 estimated in export price. In general, production, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2014 when the production volume increased by 8%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Spectacle Glass Lenses Exports

Exports from Brazil

In 2022, spectacle glass lenses exports from Brazil plummeted to X units, reducing by -47.2% against the previous year's figure. Overall, exports continue to indicate a precipitous setback. The pace of growth appeared the most rapid in 2021 with an increase of 185% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, spectacle glass lenses exports dropped notably to $X in 2022. In general, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 80%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Argentina (X units), China (X units) and the United States (X units) were the main destinations of spectacle glass lenses exports from Brazil, with a combined 67% share of total exports. Paraguay, Italy, Uruguay, Ecuador, Hungary and Mexico lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of -7.2%), while shipments for the other leaders experienced a decline.

In value terms, Argentina ($X) remains the key foreign market for spectacle lenses of glass or other materials exports from Brazil, comprising 57% of total exports. The second position in the ranking was held by the United States ($X), with a 12% share of total exports. It was followed by China, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Argentina amounted to -12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-9.8% per year) and China (-21.9% per year).

Export Prices by Country

The average spectacle glass lenses export price stood at $X per unit in 2022, jumping by 26% against the previous year. Over the period under review, the export price showed a prominent expansion. The growth pace was the most rapid in 2017 when the average export price increased by 84% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Glass Lenses Imports

Imports into Brazil

In 2022, overseas purchases of spectacle lenses of glass or other materials increased by 4.2% to X units, rising for the sixth consecutive year after two years of decline. In general, imports recorded strong growth. The pace of growth was the most pronounced in 2021 with an increase of 37%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, spectacle glass lenses imports expanded rapidly to $X in 2022. Overall, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +54.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of spectacle glass lenses to Brazil, accounting for a 88% share of total imports. Moreover, spectacle glass lenses imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), more than tenfold. The third position in this ranking was taken by Italy (X units), with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-3.3% per year) and Italy (+13.6% per year).

In value terms, China ($X) constituted the largest supplier of spectacle lenses of glass or other materials to Brazil, comprising 61% of total imports. The second position in the ranking was taken by Thailand ($X), with a 17% share of total imports. It was followed by the Philippines, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+1.5% per year) and the Philippines (-3.1% per year).

Import Prices by Country

The average spectacle glass lenses import price stood at $X per unit in 2022, increasing by 4.4% against the previous year. Overall, the import price, however, recorded a pronounced decline. The pace of growth was the most pronounced in 2016 an increase of 8.2% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Philippines ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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