Key Market Indicators
Germany's import of prescription glasses is projected to plummet to approximately $290,000 by 2028, a sharp decline from around $613,000 in 2023. This represents an average annual decrease of 11.8%. The demand for prescription glasses in Germany has been on a downward trajectory since 1996, shrinking by an average of 7.6% each year. On the export front, Germany is expected to see its prescription glasses exports decrease slightly to about $20.2 million by 2028 from $20.3 million in 2023. This marks a modest annual decline of 0.1%. German supply has been consistently falling at a rate of 0.1% annually since 2009. In the global market, China, France, and Malaysia have secured the second, third, and fourth positions respectively in the export rankings of prescription glasses.
