Northern America: Objective Lens Market 2024

Objective Lens Market Size in Northern America

The North American objective lens market reached $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Objective Lens Production in Northern America

In value terms, objective lens production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Objective Lens Exports

Exports in Northern America

In 2022, overseas shipments of objective lenses for cameras, projectors or photographic enlargers or reducers increased by X% to X units, rising for the fourth consecutive year after six years of decline. Over the period under review, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, objective lens exports expanded slightly to $X in 2022. Overall, exports, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States prevails in exports structure, recording X units, which was near X% of total exports in 2022. Canada (X units) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the objective lenses for cameras, projectors or photographic enlargers or reducers exports, with a CAGR of X% from 2012 to 2022. Canada (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Canada (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest objective lens supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

In the United States, objective lens exports contracted by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the export price recorded a deep setback. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Objective Lens Imports

Imports in Northern America

In 2022, purchases abroad of objective lenses for cameras, projectors or photographic enlargers or reducers increased by X% to X units, rising for the third consecutive year after three years of decline. Over the period under review, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, objective lens imports dropped slightly to $X in 2022. Overall, imports, however, saw a slight slump. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United States dominates imports structure, reaching X units, which was approx. X% of total imports in 2022. Canada (X units) took a little share of total imports.

The United States was also the fastest-growing in terms of the objective lenses for cameras, projectors or photographic enlargers or reducers imports, with a CAGR of X% from 2012 to 2022. Canada (X%) illustrated a downward trend over the same period. The United States (X p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported objective lenses for cameras, projectors or photographic enlargers or reducers in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States was relatively modest.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, which is down by X% against the previous year. In general, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform

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