New Zealand: Spectacle Glass Lenses Market 2024

Spectacle Glass Lenses Market Size in New Zealand

In 2022, the New Zealand spectacle glass lenses market decreased by -6% to $X, falling for the second year in a row after five years of growth. Overall, consumption recorded a noticeable decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Spectacle Glass Lenses Exports

Exports from New Zealand

In 2022, exports of spectacle lenses of glass or other materials from New Zealand expanded significantly to X units, increasing by 7.7% against 2021 figures. Overall, exports, however, showed a deep setback. The pace of growth appeared the most rapid in 2016 with an increase of 423% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, spectacle glass lenses exports totaled $X in 2022. In general, exports, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2016 with an increase of 456% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia (X units) was the main destination for spectacle glass lenses exports from New Zealand, with a 68% share of total exports. Moreover, spectacle glass lenses exports to Australia exceeded the volume sent to the second major destination, the UK (X units), fourfold. The third position in this ranking was taken by Fiji (X units), with an 8% share.

From 2012 to 2022, the average annual growth rate of volume to Australia totaled -16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-1.9% per year) and Fiji (+16.4% per year).

In value terms, Australia ($X) remains the key foreign market for spectacle lenses of glass or other materials exports from New Zealand, comprising 68% of total exports. The second position in the ranking was held by the UK ($X), with a 15% share of total exports. It was followed by Fiji, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia totaled -13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-0.2% per year) and Fiji (+18.3% per year).

Export Prices by Country

The average spectacle glass lenses export price stood at $X per unit in 2022, dropping by -5.4% against the previous year. In general, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spectacle glass lenses export price increased by +19.5% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 48% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per unit) and Solomon Islands ($X per unit), while the average price for exports to Fiji ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Glass Lenses Imports

Imports into New Zealand

In 2022, purchases abroad of spectacle lenses of glass or other materials decreased by -1.4% to X units, falling for the second year in a row after two years of growth. Overall, imports showed a perceptible reduction. The growth pace was the most rapid in 2019 with an increase of 26%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, spectacle glass lenses imports dropped to $X in 2022. Over the period under review, imports recorded a perceptible slump. The pace of growth was the most pronounced in 2016 when imports increased by 16% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Thailand (X units) and Australia (X units) were the main suppliers of spectacle glass lenses imports to New Zealand, with a combined 89% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +29.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spectacle glass lenses suppliers to New Zealand were China ($X), Thailand ($X) and Australia ($X), with a combined 89% share of total imports.

China, with a CAGR of +31.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average spectacle glass lenses import price amounted to $X per unit, dropping by -5.2% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 18% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per unit) and the Philippines ($X per unit), while the price for Australia ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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