The import of spectacle lenses of glass to Thailand has fluctuated significantly over the past decade, with dramatic increases and decreases evident in various years. Notable spikes include 2014 with a 73.46% increase and 2016 with a 193.94% rise. Conversely, 2017 experienced a -60.3% drop. The import value in 2023 stood at 706.69 thousand, showcasing stability with a modest year-on-year growth of 1.16%. The past five-year CAGR (Compound Annual Growth Rate) suggests slow, steady growth at 2.53%, while the forecast for 2028 presents a lower CAGR of 0.83%.
Future trends to watch for:
- An increase in consumer demand for eyewear driven by aging populations
- Potential shifts in trade policy affecting import volumes
- Technological advancements leading to potentially competitive alternatives to glass lenses
- Economic factors that could impact consumer spending on eyewear