Canada: Personal Spectacle Optics Market 2024

Personal Spectacle Optics Market Size in Canada

In 2022, the Canadian personal spectacle optics market increased by X% to $X, rising for the second consecutive year after four years of decline. The market 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 in certain years. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Personal Spectacle Optics Production in Canada

In value terms, personal spectacle optics production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Personal spectacle optics production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Personal Spectacle Optics Exports

Exports from Canada

In 2022, shipments abroad of personal spectacle optics increased by X% to X units, rising for the second consecutive year after two years of decline. In general, exports, however, saw a drastic downturn. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, personal spectacle optics exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for personal spectacle optics exports from Canada, with a X% share of total exports. It was followed by India (X units), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and the Netherlands (X% per year).

In value terms, the United States ($X) remains the key foreign market for personal spectacle optics exports from Canada, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average personal spectacle optics export price stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the export price, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Personal Spectacle Optics Imports

Imports into Canada

Personal spectacle optics imports into Canada reached X units in 2022, remaining relatively unchanged against 2021 figures. In general, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, personal spectacle optics imports rose sharply to $X in 2022. The total import 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 growth pace was the most rapid in 2015 with an increase of X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest personal spectacle optics supplier to Canada, accounting for a X% share of total imports. Moreover, personal spectacle optics imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the largest personal spectacle optics suppliers to Canada were China ($X), Italy ($X) and the United States ($X), together comprising X% of total imports.

Among the main suppliers, Italy, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average personal spectacle optics import price amounted to $X per unit, growing by X% against the previous year. In general, the import price, however, saw a perceptible slump. The growth pace was the most rapid in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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