Key Market Indicators
Singapore's export of prescription glasses is projected to reach nearly $1.9 million by 2028, up from approximately $1.7 million in 2023. This marks a compound annual growth rate (CAGR) of 2.4%. Since 1994, the country's supply has seen a modest annual increase of 0.6%. In 2023, Singapore ranked fifth in global prescription glasses exports, with Malaysia surpassing it at around $1.7 million. China, France, and Malaysia occupied the second, third, and fourth spots, respectively, in the rankings. On the import front, Singapore's demand for prescription glasses is expected to hit nearly $2.8 million by 2028, rising from about $2.4 million in 2023. This represents an average annual growth rate of 2%. Since 1994, the country's demand has grown by 4.1% each year.
