Key Market Indicators
In 2023, the import value of British prescription glasses stood at approximately $120,000, reflecting a significant decline from $147,000 in 2022. This represents an 18.4% decrease in just one year. The trend of diminishing demand has been consistent since 1998, with an average annual drop of 16.6%. Looking ahead, British prescription glasses exports are projected to fall to around $207,000 by 2028, down from $457,000 in 2023. This equates to an average annual decrease of 12.5%. Historically, since 2007, the nation’s supply has been declining by an average of 5.5% per year. In 2023, the United Kingdom ranked tenth in global exports of prescription glasses. Indonesia surpassed the UK with exports valued at $457,000. China, France, and Malaysia occupied the second, third, and fourth positions, respectively, in this ranking.
