Latin America and the Caribbean: Personal Spectacle Optics Market 2025

Personal Spectacle Optics Market Size in Latin America and the Caribbean

The Latin American personal spectacle optics market reduced to $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption saw a slight setback. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Personal Spectacle Optics Production in Latin America and the Caribbean

In value terms, personal spectacle optics production contracted slightly to $X in 2022 estimated in export price. In general, production, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Personal Spectacle Optics Exports

Exports in Latin America and the Caribbean

For the fifth year in a row, LatAmerica and the Caribbean recorded growth in shipments abroad of personal spectacle optics, which increased by X% to X units in 2022. Over the period under review, exports showed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, personal spectacle optics exports rose sharply to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Mexico dominates exports structure, reaching X units, which was approx. X% of total exports in 2022. Brazil (X units) held a little share of total exports.

Exports from Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Brazil (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. While the share of Mexico (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest personal spectacle optics supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Mexico stood at X%.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The pace of growth was the most pronounced in 2017 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Mexico stood at $X per unit.

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

Personal Spectacle Optics Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of personal spectacle optics increased by X% to X units, rising for the fourth year in a row after five years of decline. Over the period under review, imports, however, saw a mild curtailment. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, personal spectacle optics imports rose remarkably to $X in 2022. Overall, imports, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Mexico represented the key importing country with an import of about X units, which resulted at X% of total imports. Brazil (X units) held the second position in the ranking, distantly followed by Chile (X units), Peru (X units) and Colombia (X units). All these countries together took approx. X% share of total imports. The following importers - Argentina (X units) and Paraguay (X units) - each finished at a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Paraguay (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Mexico ($X) constitutes the largest market for imported personal spectacle optics in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

In Mexico, personal spectacle optics imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Chile (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, picking up by X% against the previous year. In general, the import price, however, saw a slight contraction. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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