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New companiesandmarkets report published: China Spectacles market

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China Spectacles Industry Report, 2013-2015 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-18 04:24:02
From 2003 to 2007, the spectacles output in China climbed from 552 million pairs to 730.7 million pairs, with the CAGR of 7.8%. However, the global economic chaos brought with a massive decline in output between 2008 and 2012, with the figure in 2012 slumping to 546 million pairs.

Nevertheless, given the large cardinal number of Chinese population, there are three to four million Chinese people in need for corrective glasses, with the annual demand approaching 100 million pairs. In the meantime, China has become the world´s third largest luxury consumer, as high-consumption population is skyrocketing. This will come as a trend of increasing demand for diversified and personalized spectacles. China spectacles industry is expected to see a great potential in future.

In China spectacles market, large-sized and foreign enterprises present more competitive. In 2012, large industrial players which stood at 4.2% of total number of enterprises contributed 26.8% of the total revenue in the industry, while small ones which made up 66% of enterprise quantity claimed 39.7% of the total revenue. Thus far, foreign brands including Zeiss, Essilor and Hoya are well received by Chinese consumers, while domestic brands like Conant and WX are gaining increasing acclaims.

The production of lens is the key to the production of spectacles. Lenses are mainly made from optical glass, polycarbonate (PC) and polymethyl methacrylate (PMMA). In particular, optical glass is mostly made in China, while PC and PMMA are heavily reliant on import. In 2013Q1-Q3, China imported 1,025,300 tons of PC and 164,700 tons of PMMA respectively.

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