Report Update Nov 1, 2024

Northern America - Binoculars - Market Analysis, Forecast, Size, Trends and Insights

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Northern America: Binocular Market 2024

Binocular Exports

Exports in Northern America

In 2021, shipments abroad of binoculars was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by 32% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, binocular exports expanded remarkably to $X in 2021. In general, exports recorded resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 69% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The United States dominates exports structure, amounting to X units, which was approx. 93% of total exports in 2021. It was distantly followed by Canada (X units), committing a 6.6% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to binocular exports from the United States stood at +3.2%. At the same time, Canada (+12.1%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +12.1% from 2012-2021. Canada (+3.4 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -3.4% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest binocular supplier in Northern America, comprising 96% of total exports. The second position in the ranking was taken by Canada ($X), with a 3.6% share of total exports.

In the United States, binocular exports increased at an average annual rate of +8.6% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2021, reducing by -8.9% against the previous year. Export price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, binocular export price decreased by -34.1% against 2018 indices. The pace of growth appeared the most rapid in 2013 an increase of 28%. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.2%).

Binocular Imports

Imports in Northern America

In 2021, overseas purchases of binoculars were finally on the rise to reach X units after two years of decline. Overall, imports, however, continue to indicate a noticeable descent. The volume of import peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, binocular imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.7% 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

The United States prevails in imports structure, resulting at X units, which was approx. 92% of total imports in 2021. It was distantly followed by Canada (X units), achieving an 8.3% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to binocular imports into the United States stood at -3.4%. Canada experienced a relatively flat trend pattern. From 2012 to 2021, the share of Canada increased by +2 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported binoculars in Northern America, comprising 90% of total imports. The second position in the ranking was taken by Canada ($X), with a 9.7% share of total imports.

In the United States, binocular imports increased at an average annual rate of +3.8% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, rising by 9.8% against the previous year. Import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, binocular import price increased by +90.5% against 2013 indices. The most prominent rate of growth was recorded in 2014 when the import price increased by 14% against the previous year. Over the period under review, import prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for binoculars in Northern America?

The United States constituted the country with the largest volume of binocular consumption, accounting for 92% of total volume. Moreover, binocular consumption in the United States exceeded the figures recorded by the second-largest consumer, Canada, more than tenfold.

What are the largest producers of binoculars in Northern America?

The United States constituted the country with the largest volume of binocular production, accounting for 97% of total volume. It was followed by Canada, with a 2.9% share of total production.

What are the leading suppliers of binoculars in Northern America?

In value terms, the United States remains the largest binocular supplier in Northern America, comprising 96% of total exports. The second position in the ranking was occupied by Canada, with a 3.7% share of total exports.

What are the leading importers of binoculars in Northern America?

In value terms, the United States constitutes the largest market for imported binoculars in Northern America, comprising 90% of total imports. The second position in the ranking was occupied by Canada, with a 9.7% share of total imports.

What is the average export price for binoculars in Northern America?

In 2021, the binocular export price in Northern America amounted to $189 per unit, declining by -3.2% against the previous year.

What is the average import price for binoculars in Northern America?

The binocular import price in Northern America stood at $41 per unit in 2021, surging by 26% against the previous year.

This report provides an in-depth analysis of the binocular market in Northern America. 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 26702230 - Binoculars (including night vision binoculars)

Country coverage:

Bermuda
Canada
Greenland
Saint Pierre and Miquelon
United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Northern America, split by region and country
Trade (exports and imports) in Northern America
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Bermuda
- Canada
- Greenland
- Saint Pierre and Miquelon
- United States
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023