Uruguay: Spectacle Glass Lenses Market 2024

Spectacle Glass Lenses Market Size in Uruguay

The Uruguayan spectacle glass lenses market contracted to $X in 2022, declining by -15% against the previous year. Overall, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.6% 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 +89.6% against 2012 indices. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Spectacle Glass Lenses Production in Uruguay

In value terms, spectacle glass lenses production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate prominent growth. The growth pace was the most rapid in 2013 with an increase of 18% against the previous year. Spectacle glass lenses production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Spectacle Glass Lenses Exports

Exports from Uruguay

In 2022, overseas shipments of spectacle lenses of glass or other materials decreased by -44.3% to X units, falling for the second consecutive year after two years of growth. Overall, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 285% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, spectacle glass lenses exports dropped remarkably to $X in 2022. In general, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2017 when exports increased by 264% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X units) was the main destination for spectacle glass lenses exports from Uruguay, accounting for a 72% share of total exports. Moreover, spectacle glass lenses exports to Brazil exceeded the volume sent to the second major destination, Germany (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil amounted to +7.5%.

In value terms, Brazil ($X) remains the key foreign market for spectacle lenses of glass or other materials exports from Uruguay, comprising 72% of total exports. The second position in the ranking was taken by Germany ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Brazil totaled +2.9%.

Export Prices by Country

The average spectacle glass lenses export price stood at $X per unit in 2022, reducing by -9.7% against the previous year. Over the period under review, the export price continues to indicate a mild decrease. The pace of growth was the most pronounced in 2019 when the average export price increased by 42% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to Germany totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+8.7%), while the prices for the other major destinations experienced mixed trend patterns.

Spectacle Glass Lenses Imports

Imports into Uruguay

In 2022, approx. X units of spectacle lenses of glass or other materials were imported into Uruguay; declining by -29.4% against the previous year. Over the period under review, total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.2% 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 +40.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 99%. As a result, imports reached the peak of X units, and then plummeted in the following year.

In value terms, spectacle glass lenses imports declined significantly to $X in 2022. The total import value increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 72% against the previous year. As a result, imports attained the peak of $X, and then contracted markedly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of spectacle glass lenses to Uruguay, accounting for a 69% share of total imports. Moreover, spectacle glass lenses imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was taken by Mexico (X units), with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+44.9% per year) and Mexico (+49.5% per year).

In value terms, the largest spectacle glass lenses suppliers to Uruguay were China ($X), Germany ($X) and the United States ($X), with a combined 74% share of total imports.

Among the main suppliers, Germany, with a CAGR of +29.7%, recorded the highest growth rate of the value of imports, 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, growing by 18% against the previous year. Over the period under review, the import price, however, recorded a perceptible decrease. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 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 United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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