HS CODES-9003 & 9004

SPECTACLES , GOGGLES , FRAMES

Presented By: Perminder Singh

OVERVIEW OF THE INDUSTRY:

Demand ----demographics, fashion and changing healthcare practices. Aging population, age-related vision disorders, personality enhancers and a fashion accessory.

Market size- USA and Western Europe is to be considered as high healthcare expenditure for optical products. USA (over $ 28 in 2006) highly penetrated.
World market for optical products– IOLs (16%), Lasik (5%), sunglasses (13%), frames (11%) , contact lenses (4%), spectacle lenses (51%). Mostly untapped potential in china is one of the characteristics of the market.

MAJOR EXPORTERS AND IMPORTERS
EXPORTERS
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IMPORTERS
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European union USA Italy France UK Indian Australia

China India Brazil Hongkong Canada

TARGET MARKET:

China is the market where the business is to be established. Rising Incomes fuelling Demand for Branded / Imported Lifestyle products

Boomed Retail sector.
Favourable Government policies.

EXPORT DATA-(CHINA)
9004- SPECTACLES, GOGGLES AND FRAMES THEREOF
Year 2006-2007 2007-2008 5.55 2008-2009 4.48 2009-2010 40.64 2010-2011 0.18

Value in Rs 4.78 lacs %growth Total export 988.68 of commodity % growth Total export 3,752,978. to country 03 % growth

16.17 750.59

-19.29 777.82

807.34 767.18

-99.56 568.87

-24.06 4,359,741. 59 16.17

3.6 4,266,133. 36 -2.15

-1.37 5,471,392. 87 28.25

-25.85 7,024,221. 14 28.38

LEADING PLAYERS IN CHINA
Sunglasses , frames and goggles Wenzhou Bada Optical Co., Ltd. (Fashion sunglasses, designer sunglasses, metal frame for men) Nodl Industry co. ltd Shenzhen Guangdong China (Polarized sunglasses products from china manufacturer) Ruian Tongda optical co. Ltd. (students design – optical spectacles, colorful sunglasses for lady) Bright optical limited(metal sunglasses)

WHY IN CHINA? /MARKET JUSTIFICATION

China - world’s largest population (2007 est.):1,321,851,888 (growth rate: 0.6%); birth rate: 13.5/1000. Economic Growth rate of China is very good showing continuous growth and lot of opportunities for international company. The size of the middleclass is increasing as well as its spending. The appreciation of the market for foreign goods. Cheap Labour force is available at the same time infrastructural facilities are provided by Government (0.22 $ per hour). China is having benefit of SEZ due to that the trade becomes easy.( shenzhen, Xiamen, Shantou and Zhuhai).

CONCLUSION :

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THANK YOU…………