Mexico: Personal Spectacle Optics Market 2024

Personal Spectacle Optics Market Size in Mexico

The Mexican personal spectacle optics market reduced slightly to $X in 2022, falling by X% against the previous year. Over the period under review, consumption recorded a mild slump. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Personal Spectacle Optics Production in Mexico

In value terms, personal spectacle optics production shrank modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Personal spectacle optics production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Personal Spectacle Optics Exports

Exports from Mexico

In 2022, exports of personal spectacle optics from Mexico soared to X units, jumping by X% compared with the previous year. Overall, exports enjoyed strong growth. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, personal spectacle optics exports expanded slightly to $X in 2022. Over the period under review, total exports indicated a strong increase from 2012 to 2022: its value 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, exports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for personal spectacle optics exports from Mexico, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%.

In value terms, the United States ($X) also remains the key foreign market for personal spectacle optics exports from Mexico.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%.

Export Prices by Country

The average personal spectacle optics export price stood at $X per unit in 2022, declining by X% against the previous year. Overall, the export price saw a abrupt downturn. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Personal Spectacle Optics Imports

Imports into Mexico

Personal spectacle optics imports into Mexico surged to X units in 2022, picking up by X% compared with the previous year. Over the period under review, imports, however, saw a mild decline. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, personal spectacle optics imports surged to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Italy (X units) and Taiwan (Chinese) (X units) were the main suppliers of personal spectacle optics imports to Mexico, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest personal spectacle optics suppliers to Mexico were China ($X), Italy ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports.

Italy, with a CAGR of X%, 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 mixed trend patterns.

Import Prices by Country

The average personal spectacle optics import price stood at $X per unit in 2022, growing by X% against the previous year. Overall, import price indicated modest growth from 2012 to 2022: its price 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, personal spectacle optics import price decreased by X% against 2018 indices. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 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 Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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