In 2023, the import of contact lenses to Singapore stood at approximately 2.1988 million kilograms. The forecasted data for 2024 shows a value of 2.2525 million kilograms, representing a year-on-year increase of 2.44%. Moving forward, the trend continues with the import volume projected to reach 2.3063 million kilograms in 2025 (a 2.39% increase from the previous year), 2.359 million kilograms in 2026 (a 2.28% increase), 2.4106 million kilograms in 2027 (a 2.19% increase), and 2.4612 million kilograms in 2028 (a 2.10% increase). The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 2.28%.
Future trends to watch for include the impact of advancements in contact lens technology, increased awareness and adoptance of vision correction solutions, and potential changes in consumer behavior and preferences in Singapore. Monitoring global supply chain dynamics and trade policies will also be crucial as they might influence import volumes.
