In 2023, the import of glasses for corrective spectacles to Singapore stood at 56.2 Thousand Kilograms. Forecasted data indicates a steady increase from 56.34 Thousand Kilograms in 2024 to 56.84 Thousand Kilograms in 2028. The forecasted values present a year-on-year growth of approximately 0.23% to 0.25%. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is projected to be around 0.25%, indicating a modest but consistent upward trend in imports.
Future trends to watch for include:
- Advancements in optical technology that could affect supply and demand dynamics.
- Changes in consumer preferences toward corrective eyewear, particularly in response to digital device usage.
- Regulatory developments and trade policies that may impact import volumes and pricing.
