Costa Rica: Mounted Objective Lens Market 2025

Mounted Objective Lens Market Size in Costa Rica

The Costa Rican mounted objective lens market skyrocketed to $X in 2022, rising by 45% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate significant growth. Mounted objective lens consumption peaked in 2022 and is expected to retain growth in the immediate term.

Mounted Objective Lens Exports

Exports from Costa Rica

After two years of decline, shipments abroad of mounted objective lenses increased by 705% to X units in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The exports peaked at X units in 2012; afterwards, it flattened through to 2022.

In value terms, mounted objective lens exports surged to $X in 2022. In general, exports continue to indicate a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Panama (X units), the United States (X units) and Canada (X units) were the main destinations of mounted objective lens exports from Costa Rica, together accounting for 8% of total exports. Moreover, mounted objective lens exports in Panama exceeded the figures recorded by the second-largest exporter, the United States, twofold.

From 2012 to 2021, the biggest increases were recorded for Panama (with a CAGR of +16.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Panama ($X) emerged as the key foreign market for mounted objective lenses exports from Costa Rica, comprising 65% of total exports. The second position in the ranking was held by the United States ($X), with a 30% share of total exports. It was followed by El Salvador, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Panama amounted to +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+15.5% per year) and El Salvador (+53.0% per year).

Export Prices by Country

In 2021, the average mounted objective lens export price amounted to $X per unit, waning by -45.6% against the previous year. In general, the export price, however, saw resilient growth. The growth pace was the most rapid in 2018 an increase of 328% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Mounted Objective Lens Imports

Imports into Costa Rica

In 2022, mounted objective lens imports into Costa Rica surged to X units, growing by 51% compared with the previous year's figure. In general, imports recorded a significant increase. The growth pace was the most rapid in 2017 with an increase of 67% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, mounted objective lens imports skyrocketed to $X in 2022. Over the period under review, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 38%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

The United States (X units), Panama (X units) and Vietnam (X units) were the main suppliers of mounted objective lens imports to Costa Rica, with a combined 11% share of total imports. Peru, China and Japan lagged somewhat behind, together accounting for a further 0.9%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Peru (with a CAGR of +96.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of mounted objective lenses to Costa Rica, comprising 29% of total imports. The second position in the ranking was taken by Panama ($X), with a 5.5% share of total imports. It was followed by Vietnam, with a 1.9% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (+38.7% per year) and Vietnam (+22.0% per year).

Import Prices by Country

The average mounted objective lens import price stood at $X per unit in 2021, with a decrease of -4.9% against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 when the average import price increased by 56%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Peru ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform