In 2023, India's import volume of glasses for corrective spectacles was approximately 1.3 million kilograms. The forecast for 2024 is 1.255 million kilograms, showing a decline from the previous year. This downward trend continues up to 2028, with imports expected to fall to 0.885 million kilograms. The year-on-year decreases are observed steadily over these years, with a compounded annual growth rate (CAGR) indicating an average annual decline across the forecast period.
Future trends to watch for include shifts in domestic manufacturing capabilities, potential changes in consumer preferences towards local products, and advancements in eyeglass technology or materials, which could impact import needs. Monitoring trade policies and currency fluctuations will also be crucial.
