U.S.: Mounted Lens Market 2022

Mounted Lens Market Size in the U.S.

The U.S. mounted lens market skyrocketed to $X in 2021, surging by 29% against the previous year. Over the period under review, consumption saw a resilient increase. Mounted lens consumption peaked in 2021 and is expected to retain growth in the near future.

Mounted Lens Production in the U.S.

In value terms, mounted lens production skyrocketed to $X in 2021. In general, production, however, posted resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 61% against the previous year. Mounted lens production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Mounted Lens Exports

Exports from the U.S.

For the third consecutive year, the United States recorded growth in shipments abroad of mounted lenses, prisms and mirrors, which increased by 18% to X tons in 2021. In general, total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +73.4% against 2018 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 41% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, mounted lens exports soared to $X in 2021. Over the period under review, total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X tons), Japan (X tons) and Singapore (X tons) were the main destinations of mounted lens exports from the United States, with a combined 41% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +15.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mounted lens exported from the United States were Japan ($X), Taiwan (Chinese) ($X) and Germany ($X), together comprising 39% of total exports. These countries were followed by China, South Korea, Singapore, the Netherlands, Canada and the UK, which together accounted for a further 45%.

Among the main countries of destination, China, with a CAGR of +14.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mounted lens export price stood at $X per ton in 2021, surging by 9.4% against the previous year. In general, the export price, however, recorded a mild descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by 22% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, the highest price was recorded for prices to the UK ($X per ton) and China ($X per ton), while the average price for exports to Canada ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+0.6%), while the prices for the other major destinations experienced more modest paces of growth.

Mounted Lens Imports

Imports into the U.S.

In 2021, purchases abroad of mounted lenses, prisms and mirrors increased by 46% to X tons, rising for the fifth consecutive year after two years of decline. Overall, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2019 when imports increased by 80%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, mounted lens imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan (X tons), Germany (X tons) and China (X tons) were the main suppliers of mounted lens imports to the United States, together accounting for 60% of total imports. These countries were followed by Singapore, Taiwan (Chinese), Mexico, Switzerland, Israel, Canada and Sweden, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were in Mexico (with a CAGR of +81.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Germany ($X) and China ($X) appeared to be the largest mounted lens suppliers to the United States, with a combined 57% share of total imports. These countries were followed by Singapore, Switzerland, Taiwan (Chinese), Israel, Mexico, Canada and Sweden, which together accounted for a further 33%.

Mexico, with a CAGR of +61.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mounted lens import price stood at $X per ton in 2021, shrinking by -10.9% against the previous year. Over the period under review, the import price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2013 an increase of 13%. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Switzerland ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (-6.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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