Key Market Indicators
Canada's import of prescription glasses plummeted by 47% in 2023, falling to approximately $48,000 from around $92,000 in 2022. This marks a significant downturn in demand, continuing a long-term trend. Since 1994, the country's demand for imported prescription glasses has decreased by nearly 27% annually. On the export front, the decline is even more pronounced. In 2019, Canada exported roughly $840 worth of prescription glasses, a dramatic drop of almost 97% from the previous year's $26,100. Over the long term, dating back to 1994, Canada's supply of prescription glasses for export has fallen by about 63% annually.