In 2023, the UK imported spectacle lenses of glass valued at 1.2 million. The forecast for the subsequent years shows a declining trend, with a year-on-year decrease. Specifically, imports are expected to drop by 10.63% from 2024 to 2025, 11.67% from 2025 to 2026, 12.94% from 2026 to 2027, and 14.55% from 2027 to 2028. The compound annual growth rate (CAGR) reflects an average annual decline of approximately 12.14% over this five-year period.
Future trends to consider include:
- Technological advancements in lens materials leading to alternatives to glass lenses.
- Shifts in consumer preferences towards cheaper or more durable materials.
- Trade policy changes post-Brexit affecting import dynamics.
- Market expansion in emerging economies might redirect export focuses.
