In 2023, the import value of corrective spectacle glasses to Malaysia stood at an actual value. The forecast data suggests a steady increase in the import value from $248.37 thousand in 2024 to $280.3 thousand by 2028. Year-on-year increases are recorded at 3.31% for 2025, 3.15% for 2026, 2.98% for 2027, and 2.84% for 2028.
Key observations include:
- The overall trend indicates consistent growth in the import value of corrective spectacle glasses.
- The average annual growth rate (CAGR) between 2024 and 2028 is anticipated to be around 3%.
Future trends to watch for include:
- Technological advancements in spectacle lenses driving consumer demand.
- Potential market shifts due to changes in trade regulations or tariffs.
- Impact of increasing digital device usage leading to higher demand for corrective glasses.