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.