In 2023, the import value of spectacle lenses of other than glass materials to China stood at a higher level than the forecasts for 2024 onwards. The data shows a noticeable downward trend from 2024 to 2028, with a consistent year-on-year percentage decrease. The import value is expected to decline steadily from 60.951 million in 2024 to 49.9 million in 2028. The compound annual growth rate (CAGR) over the forecasted period reflects an average annual decrease, highlighting a concerning reduction in this market segment.
Future trends to watch for include:
- Technological advancements in lens materials which may influence market demand.
- Economic and policy changes in China that could impact import regulations or local production capabilities.
- Shifts in consumer preferences towards domestic products or alternative materials.