Key Market Indicators
Singapore is set to become one of the leading exporters of prescription glasses in the world. Its export of prescription glasses is expected to reach $1.8 million by 2026, growing at an average of 2.6% year-on-year from 2021. Since 1994, the country has seen an annual growth of 23.2%. Meanwhile, Singapore's import of prescription glasses is forecast to hit $2.6 million by 2026, increasing at a CAGR of 2.2% year-on-year from 2021. Since 1994, its demand has grown 20.8% year-on-year. In 2021, the Dominican Republic overtook Singapore, taking fourth place in the ranking, with India, Hungary and the Dominican Republic in positions two, three and four respectively.
