In 2023, the UK imported spectacle lenses of glass totaling 88.25 thousand kilograms. From 2024 to 2028, a consistent decline in import volume is forecasted. By the end of this period, imports are expected to decrease to 59.01 thousand kilograms. The year-on-year decline from 2024 is approximately 8.5% annually.
Observing the compound annual growth rate (CAGR) over five years reveals an average decline of roughly 7.8% per year.
Future Trends to Watch:
- Shifts towards alternative materials like polycarbonate or acrylics, which may reduce reliance on glass lenses.
- Potential impact of changes in trade policies post-Brexit affecting import volumes.
- Technological advances in lens manufacturing domestically may reduce the need for imports.