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Optical Trade Fair & Exhibition – 12-13-14 August 2023 – Hyderabad
NEPAL 2023
08 - 09 - 10 DECEMBER 2023
BHRIKUTI MANDAP - KATHMANDU
An International Exhibition for Optical Industry in ASIA
INDIA 2024
13 - 14 - 15 JULY 2024
CHENNAI TRADE CENTRE - CHENNAI
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ABOUT NEPAL IIOO EXPO 2023
IIOO EXPO – Pioneer Expo for optical industry in South Asia, extending their boundaries and reaching first time into another country. Nepal is a land locked country and mainly situated in the Himalayas. Its borders mainly touch of China to the north, India in the south, East & West. More than 60% of Nepal trade is with India.
- In 2023, the revenue in the Eyewear market of Nepal is estimated to be US$119.50m.
- It is expected that the market will grow annually by 9.03%, which is the CAGR 2023-2027.
- The volume in the Eyewear market is expected to reach 23.68m pieces by 2027.
- It is anticipated that the market will show a volume growth of 5.1% in 2024.
- Finally, it is projected that by 2023, 98% of sales in the Eyewear market of Nepal will be attributable to Non-Luxury.
- In Nepal, traditional eyewear like the Nepali Chasma is still popular, but modern styles are gaining ground among the younger generation.
- Offline sales of eyewear are more than 85% in Nepal.
Customer preferences in Nepal have shifted towards eyewear that is both stylish and affordable. With the rise of social media and fashion influencers, people in Nepal have become more conscious about their appearance. This has led to an increase in demand for eyewear that complements their personal style. Additionally, people in Nepal are also looking for eyewear that is affordable and provides value for money.
In 2024 expected revenue segment wise in Nepal might be as follow:
USD 17.63 Million
Contact Lenses
USD 58.86 Million
EYEWEAR FRAMES
USD 68.31 Million
SPECTACLE LENSES
USD 24.06 Million
SUNGLASSES
Key Players in Nepal in Eyewear:
05 %
FRESHLOOK
03 %
CRIZAL
03 %
TRANSITIONS
01 %
CONVERSE
01 %
FLEXON
01 %
MENICON
01 %
MIRU
01 %
NIKE
01 %
PREMIO
82 %
OTHERS
The Nepalese eyewear market is witnessing significant growth driven by changing customer preferences, emerging trends, unique local circumstances, and underlying macroeconomic factors. The market is expected to continue growing in the coming years, providing opportunities for both local and international players.