In 2023, the import value of frames and mountings for spectacles and goggles to India stood at $85.23 million. The forecasted data from 2024 to 2028 shows a consistent upward trend, with a year-on-year growth rate averaging around 3.5%. The compound annual growth rate (CAGR) for the forecasted period is projected at approximately 3.6%. This steady increase indicates a strong and growing demand for spectacle frames and mountings in the Indian market.
Future trends to watch for include:
- Advancements in eyewear technology driving demand for innovative designs.
- Potential policy changes impacting import tariffs or regulations.
- Shifts in consumer preferences towards sustainable and eco-friendly materials.
