Northern America: Spectacle Glass Lenses Market 2022

Spectacle Glass Lenses Market Size in Northern America

The North American spectacle glass lenses market soared to $X in 2021, surging by 181% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Spectacle Glass Lenses Production in Northern America

In value terms, spectacle glass lenses production surged to $X in 2021 estimated in export price. In general, production, however, showed a abrupt downturn. The level of production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Spectacle Glass Lenses Exports

Exports in Northern America

For the third year in a row, Northern America recorded growth in shipments abroad of spectacle lenses of glass or other materials, which increased by 32% to X tons in 2021. Over the period under review, exports posted a buoyant increase. The growth pace was the most rapid in 2020 with an increase of 69% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, spectacle glass lenses exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +5.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, the United States (X tons) was the key exporter of spectacle lenses of glass or other materials in Northern America, making up 100% of total export.

The United States was also the fastest-growing in terms of the spectacle lenses of glass or other materials exports, with a CAGR of +9.5% from 2012 to 2021. From 2012 to 2021, the share of the United States increased by +1.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest spectacle glass lenses supplier in Northern America.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at +5.4%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, picking up by 3.1% against the previous year. Over the period under review, the export price, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when the export price increased by 47% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -3.8% per year.

Spectacle Glass Lenses Imports

Imports in Northern America

In 2021, purchases abroad of spectacle lenses of glass or other materials was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, spectacle glass lenses imports skyrocketed to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) represented the largest importer of spectacle lenses of glass or other materials, mixing up 86% of total imports. It was distantly followed by Canada (X tons), constituting a 13% share of total imports.

The United States was also the fastest-growing in terms of the spectacle lenses of glass or other materials imports, with a CAGR of +2.6% from 2012 to 2021. Canada experienced a relatively flat trend pattern. From 2012 to 2021, the share of the United States increased by +2.8 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported spectacle lenses of glass or other materials in Northern America, comprising 89% of total imports. The second position in the ranking was held by Canada ($X), with an 11% share of total imports.

In the United States, spectacle glass lenses imports increased at an average annual rate of +7.9% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, dropping by -1.7% against the previous year. Import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, spectacle glass lenses import price increased by +53.5% against 2013 indices. The most prominent rate of growth was recorded in 2020 an increase of 19%. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

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

Source: IndexBox Platform

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