Forecast: Re-Import of Spectacle Lenses of Other Than Glass Materials to China

The re-import value of spectacle lenses made from non-glass materials to China is forecasted to continuously decline from $15.131 million in 2024 to $11.67 million in 2028. This marks a decrease of 23% over the forecast period, equating to a compound annual growth rate (CAGR) of approximately -6.1%. This decline likely continues from trends observed leading up to 2023. The primary change factors could include increased domestic production, changing import-export policies, and evolving consumer preferences.

Future trends to watch for include:

  • Technological advancements in domestic manufacturing of non-glass lenses which may further impact import volumes.
  • Trade relationships and policy changes that could alter the cost-benefit balance of importing these lenses.
  • Changing consumer preferences towards glass or alternative materials, affecting demand.

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