Key Market Indicators
Chinese Prescription Glasses Import is projected to plummet to approximately $8,000 by 2028, down from $223,000 in 2023. This represents a substantial year-on-year decline of 46.3% in compound annual growth rate (CAGR). Since 1997, the demand for prescription glasses in China has decreased by an average of 15.6% annually. In stark contrast, the Chinese Prescription Glasses Export market is set to rise modestly. Exports are expected to reach around $8.7 million by 2028, up from $8.1 million in 2023. This marks an average annual growth rate of 1.3% since 1997, with the supply increasing by 5.5% each year. In 2023, China ranked second in prescription glasses exports, trailing Germany, which also reported $8.1 million in exports. Following China, France and Malaysia secured the third and fourth positions, respectively.