Report Update Nov 1, 2024

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

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Singapore: Spectacle Glass Lenses Market 2024

Spectacle Glass Lenses Market Size in Singapore

The Singaporean spectacle glass lenses market skyrocketed to $X in 2022, jumping by 28% against the previous year. Overall, consumption continues to indicate a buoyant expansion. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in years to come.

Spectacle Glass Lenses Production in Singapore

In value terms, spectacle glass lenses production amounted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a moderate increase. The most prominent rate of growth was recorded in 2018 with an increase of 313%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Spectacle Glass Lenses Exports

Exports from Singapore

In 2022, shipments abroad of spectacle lenses of glass or other materials was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, saw a deep reduction. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, spectacle glass lenses exports skyrocketed to $X in 2022. Overall, exports, however, showed a abrupt contraction. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Export Prices by Country

In 2022, the average spectacle glass lenses export price amounted to $X per unit, which is down by -35.7% against the previous year. In general, the export price showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by 18% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to France ($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 Germany (+0.6%), while the prices for the other major destinations experienced a decline.

Spectacle Glass Lenses Imports

Imports into Singapore

In value terms, spectacle glass lenses imports soared to $X in 2022. Overall, imports, however, continue to indicate a perceptible setback. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In value terms, the largest spectacle glass lenses suppliers to Singapore were China ($X), Thailand ($X) and the Philippines ($X), with a combined 68% share of total imports. Malaysia, Japan, Hong Kong SAR, South Korea and the United States lagged somewhat behind, together accounting for a further 24%.

Japan, with a CAGR of +18.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spectacle glass lenses import price stood at $X per unit in 2022, declining by -21.2% against the previous year. Overall, the import price saw a slight shrinkage. The pace of growth was the most pronounced in 2018 an increase of 18% against the previous year. As a result, import price attained 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 the United States ($X per unit) and Japan ($X per unit), while the price for the Philippines ($X per unit) and Hong Kong SAR ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

South Africa remains the largest spectacle glass lenses consuming country worldwide, 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 constituted the country with the largest volume of spectacle glass lenses production, 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 third position in this ranking was occupied by the Philippines, with a 6.8% share.

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

In value terms, the largest spectacle glass lenses suppliers to Singapore were Thailand, China and Malaysia, together comprising 75% of total imports. These countries were followed by Hong Kong SAR, Taiwan Chinese) and Israel, which together accounted for a further 6%.

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

In value terms, Indonesia, India and Italy constituted the largest markets for spectacle glass lenses exported from Singapore worldwide, with a combined 28% share of total exports. These countries were followed by Taiwan Chinese), Malaysia, Hong Kong SAR, Israel, China, Thailand, the UK, Costa Rica, Canada and Paraguay, which together accounted for a further 37%.

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

The average spectacle glass lenses export price stood at $298,633 per ton in 2021, reducing by -4% against the previous year.

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

In 2021, the average spectacle glass lenses import price amounted to $314,234 per ton, with a decrease of -11.6% against the previous year.

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

Singapore

Data coverage:

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