In 2023, the import value of glasses for corrective spectacles to India stood at 8.457 million US Dollars. The forecasted data from 2024 to 2028 shows a consistent annual decline. From 2024 to 2025, there is a projected decrease of 4.43%, followed by a 4.52% decline from 2025 to 2026. The downtrend continues with a 4.65% decrease from 2026 to 2027 and a 4.79% drop from 2027 to 2028. The average compound annual growth rate (CAGR) is -4.46% over the five-year period from 2024 to 2028, indicating a steady decrease in import values.
Future trends to watch for include potential market shifts driven by advancements in local manufacturing capabilities and government incentives for domestic production. Additionally, changing consumer preferences towards sustainable and locally produced eyewear could further influence import levels. It's essential to consider global economic factors and trade policies, which may also impact the import dynamics of corrective glasses in India.
