The import of parts of frames and mountings for spectacles to Germany, valued in million US dollars, is projected to decrease steadily from $23.488 million in 2024 to $22.571 million in 2028. This follows an observable decline initiated from the actual figures of 2023. The year-on-year variation exhibits a consistent reduction, reflecting negative growth rates between -1.01% to -0.97%. Over the 5-year forecast period, the compound annual growth rate (CAGR) stands at a negative value, highlighting a continuous downturn in imports.
Future trends to watch for include:
- The impact of local production increases or shifts in sourcing to other regions.
- Technological advancements in eyewear production possibly reducing the dependency on imported parts.
- Changing consumer preferences or global economic conditions that might influence market dynamics.
