Key Market Indicators
In a significant downturn, the import of Korean prescription glasses plummeted to roughly $19,000 in 2018, a steep decline from approximately $47,000 in 2017. This marks a sharp 59% decrease compared to the previous year. Historical data since 1993 reveals a consistent year-on-year drop in demand, averaging an 18.6% decline annually. The export scenario is even more dire. Korean prescription glasses exports nosedived to a mere $30 in 2018, from about $6,600 in 2017, representing an astonishing 99.5% drop over the course of the year. Long-term trends since 1993 show an 84.7% annual decrease in supply, underscoring a prolonged period of diminishing export volumes.
