HS Code:
Lens blanks (other than for spectacles), classified under HS Code 7014.00, refer to unfinished glass or optical material pieces that are intended for further processing into lenses used in various applications such as cameras, microscopes, telescopes, and other optical instruments. These blanks are critical components in the optical industry, serving as the foundational material for precision lenses. The category excludes lens blanks specifically meant for eyeglasses or spectacles, focusing instead on industrial and scientific applications.
Total Trade Volume
USD 250 million
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA)
Growing demand for high-precision optical instruments
Increased need for high-quality lens blanks in industries like medical imaging and aerospace, driving trade volume growth by approximately 6% annually.
2021-2023
Shift towards automation in lens manufacturing
Automation technologies are reducing production costs and increasing demand for standardized lens blanks, particularly from Asian exporters.
2020-2022
Sustainability focus in glass production
Rising environmental regulations are pushing manufacturers to adopt eco-friendly production methods, slightly increasing costs but improving market access in regions like the EU.
2022-2023
The Regional Comprehensive Economic Partnership (RCEP) has reduced tariffs on lens blanks among member countries, facilitating increased trade flows in the Asia-Pacific region.
January 2022
Expected to increase trade volume by 10% in the region over the next five years.
The European Union introduced new regulations requiring lens blank manufacturers to comply with stricter environmental and recycling standards for glass products.
March 2023
Potential short-term cost increases for exporters to the EU, but long-term benefits for compliant manufacturers.
A major Japanese manufacturer announced a new production technique that reduces defects in lens blanks by 15%, enhancing quality for high-end optical applications.
July 2023
Likely to strengthen Japan's position in the premium segment of the market.