U.S. - Prisms And Mirrors - Market Analysis, Forecast, Size, Trends And Insights
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View PricingU.S. Prisms and Mirrors Export Soars to $109M in March 2023
U.S. Prisms And Mirrors Exports
For the third month in a row, the United States recorded growth in overseas shipments of prisms and mirrors, which increased by 31% to 338 tons in March 2023. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in October 2022 when exports increased by 42% month-to-month. The exports peaked in March 2023.
In value terms, prisms and mirrors exports soared to $109M (IndexBox estimates) in March 2023. In general, exports, however, saw a noticeable downturn.
| COUNTRY | Export Value of Prisms And Mirrors in U.S. (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | |
| China | 34.1 | 30.7 | 29.2 | 18.0 | 19.4 | 30.2 | 21.7 | 17.3 | 17.8 | 14.3 | 10.5 | 11.2 | 15.7 |
| South Korea | 28.4 | 25.4 | 30.4 | 14.3 | 5.7 | 9.0 | 5.7 | 16.1 | 4.9 | 9.6 | 5.2 | 7.4 | 14.7 |
| Japan | 22.0 | 11.5 | 11.3 | 14.4 | 14.0 | 10.7 | 11.2 | 10.7 | 10.1 | 8.1 | 9.5 | 7.1 | 10.3 |
| Taiwan (Chinese) | 6.5 | 7.5 | 7.5 | 8.1 | 6.4 | 5.6 | 8.6 | 4.9 | 5.8 | 6.0 | 4.9 | 4.0 | 6.1 |
| United Kingdom | 5.2 | 4.5 | 4.0 | 4.8 | 4.5 | 5.6 | 5.4 | 5.7 | 3.9 | 5.0 | 3.9 | 4.8 | 4.3 |
| Mexico | 3.3 | 2.0 | 3.5 | 2.8 | 3.3 | 3.7 | 3.5 | 3.6 | 3.1 | 2.4 | 3.8 | 2.1 | 3.0 |
| India | 1.2 | 0.7 | 1.3 | 0.8 | 1.1 | 0.8 | 0.8 | 0.8 | 0.7 | 0.7 | 1.2 | 0.9 | 0.9 |
| Others | 56.4 | 49.8 | 55.0 | 52.1 | 50.8 | 48.9 | 48.5 | 49.7 | 42.9 | 47.7 | 42.2 | 45.9 | 54.2 |
| Total | 157 | 132 | 142 | 115 | 105 | 115 | 105 | 109 | 89.3 | 93.7 | 81.1 | 83.5 | 109 |
Exports by Country
South Korea (149 tons) was the main destination for prisms and mirrors exports from the United States, accounting for a 44% share of total exports. Moreover, prisms and mirrors exports to South Korea exceeded the volume sent to the second major destination, China (64 tons), twofold. Taiwan (Chinese) (28 tons) ranked third in terms of total exports with an 8.3% share.
From March 2022 to March 2023, the average monthly rate of growth in terms of volume to South Korea totaled +3.3%. Exports to the other major destinations recorded the following average monthly rates of exports growth: China (-3.0% per month) and Taiwan (Chinese) (+0.9% per month).
In value terms, China ($16M), South Korea ($15M) and Japan ($10M) were the largest markets for prisms and mirrors exported from the United States worldwide, together comprising 37% of total exports. These countries were followed by Taiwan (Chinese), the UK, Mexico and India, which together accounted for a further 13%.
Taiwan (Chinese), with a CAGR of -0.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.
Export Prices by Country
In March 2023, the prisms and mirrors price amounted to $322K per ton (FOB, US), approximately reflecting the previous month. In general, the export price, however, saw a pronounced setback. The growth pace was the most rapid in December 2022 when the average export price increased by 97% against the previous month. As a result, the export price attained the peak level of $621K per ton. From January 2023 to March 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In March 2023, the country with the highest price was Japan ($1.3M per ton), while the average price for exports to India ($42,854 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+0.7%), while the prices for the other major destinations experienced a decline.
This report provides an in-depth analysis of the prisms and mirrors market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26702153 - Prisms, mirrors and other optical elements, n.e.c.
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
