The forecasted import of spectacles and goggles (excluding sunglasses) to Singapore shows a consistent declining trend from 2024 onwards. In 2023, the value stood at 3.670 million. The year-on-year percentage variation indicates a decreasing trend with values dropping from 3.6016 million in 2024 to 3.3446 million by 2028. From 2024 to 2025, the import value decreases by approximately 1.8%, from 2025 to 2026 by 1.8%, from 2026 to 2027 by 1.8%, and from 2027 to 2028 by 1.8%. The Compound Annual Growth Rate (CAGR) shows an average annual decrease of about 1.8% over the last five years.
Future trends to watch for include changes in consumer preferences towards eyewear, technological advancements in optical products, and potential regulatory changes impacting import policies. Additionally, shifts in currency exchange rates and global supply chain dynamics might also play a significant role in the import levels for this category in Singapore.
