Eyewear

The Asian consumer is changing. Traditional values that served the collective in terms of both society and the family are on the wane, with COVID-19 lockdowns accelerating a new focus on individualism and the self. This report explores how Asian…

The briefing introduces the Cities Households Necessities Spending Index. The index ranks 1,075 cities by household expenditure on non-discretionary items, namely food, housing, and clothing and footwear. This analysis focuses on 160 major cities.…

While the growth rate of contact lenses considerably slowed in 2022 compared to the dynamic performance recorded the previous year, both retail volume and current value sales of contact lenses have returned to double-digit growth in 2023. This is…

Demand for contact lenses in Hong Kong continues to grow. Following the cancellation of mandatory face mask policies, the local government lifted all pandemic-related restrictions in March 2023. Consumers' lives are returning to normal, and their…

The post-pandemic return to mobility, with increased instances of outdoor events, and growth in terms of consumer awareness with respect to usage, all combine to facilitate growth in contact lenses in 2023 – maintaining the positive trend observed in…

Retail sales of contact lenses and solutions saw healthy growth in constant value terms in 2023, continuing the trend of the previous year. This was due to the normalisation of consumer lifestyles, as pandemic-related restrictions were increasingly…

The average unit price of contact lens and solutions is rising in 2023, with many manufacturers forced to increase their overall prices following the impact of the war in Ukraine on production, raw material costs, and shipping. In addition,…

Consumers in Malaysia are tending to favour frequent replacement lenses over daily disposable lenses for economic reasons. Having been hit by the very high rates of post-pandemic inflation, consumers are facing significant rises in the cost of…

The return to normalcy in terms of social activities and resumption of travel as most countries reopened their borders will help drive further sales of contact lenses and solutions over 2023 and surpass pre-pandemic levels in current value terms. The…

Demand for contact lenses in South Korea continues to grow in 2023. Most COVID-19 restrictions, such as for large group gatherings and curfews for businesses, were lifted in April 2022, encouraging local consumers to return to pre-pandemic busy…

Contact lenses and solutions continue to recover from the negative impact of the COVID-19 pandemic in 2023. Despite some government intervention in 2022, retail volume and current value sales still remain substantially lower than pre-pandemic levels…

In line with the gradual easing of COVID-19 restrictions in Thailand from the beginning of 2022, and their complete removal towards the end of the year, retail sales of contact lenses and solutions demonstrated a significant rebound in 2022. This…

The growth of contact lenses in the Philippines is bolstered by increased accessibility. Advances in retail distribution have allowed an increasing number of brands to establish a foothold in the country, making contact lenses readily available to a…

Following the ending of China’s “zero-Covid” policy, overall eyewear is returning to positive growth in 2023, accompanied by a resumption of supply chain and offline activities. On the one hand, the demand that was not met in 2022, due to trade…

Overall eyewear in Hong Kong shows greater signs of recovery in 2023, following low growth rates in 2022. The Hong Kong government gradually eased social restrictions from the second half of 2022 into early 2023. In March 2023, Hong Kong fully…

The eyewear industry showcased good growth across all categories in 2023. The resurgence of travel, and the post-pandemic increase in outdoor activities and events, have fuelled growth for the category. After a year and a half of home seclusion,…

Retail value sales of eye wear in Indonesia registered accelerated growth in constant value terms in 2023, surpassing the performance of the previous year. As the country emerged from the pandemic, Indonesians became increasingly keen to travel,…

Sales of eyewear in Japan are being heavily influenced by unit price increases in 2023, following various unfavourable external conditions impacting production, raw material costs, and shipping of products. Furthermore, increasing labour costs and…

The reopening of the market with the removal of COVID-19 related restrictions has impacted eyewear in Malaysia, with mixed developments. The sunglasses category was a prominent beneficiary of the shift towards more normal lifestyles. The resumption…

Demand for eyewear in Singapore is recovering well, with retail volume sales expected to surpass pre-pandemic levels in 2024 after the significant decline witnessed in 2020. Both current value and retail volume sales of spectacles recovered in early…