Key Market Indicators
Thailand's import of prescription glasses is projected to plummet to approximately $18,000 by 2028 from around $670,000 in 2023, a steep annual decline of 49%. This marks a continuation of a downward trend since 1993, with demand decreasing by an average of 13% each year. Conversely, the country's export of prescription glasses experienced a significant surge. In 2018, exports hit roughly $13,000, up from about $2,000 in 2017, representing an astounding 520% increase year-over-year. This uptrend has been consistent since 1994, with an average annual growth rate of 5%.