U.S.: Mounted Lens Market 2025

Mounted Lens Market Size in the U.S.

The U.S. mounted lens market amounted to $X in 2022, picking up by 2.4% 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). Over the period under review, consumption posted a strong increase. Mounted lens consumption peaked in 2022 and is expected to retain growth in the immediate term.

Mounted Lens Exports

Exports from the U.S.

For the eleventh consecutive year, the United States recorded growth in overseas shipments of mounted lenses, prisms and mirrors, which increased by 2% to X units in 2022. Overall, exports continue to indicate a pronounced increase. The pace of growth was the most pronounced in 2021 when exports increased by 2.6% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, mounted lens exports shrank to $X in 2022. Over the period under review, total exports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +28.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 29%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Japan (X units) and China (X units) were the main destinations of mounted lens exports from the United States, with a combined 53% share of total exports. Taiwan (Chinese), Thailand, South Korea, the Netherlands, Canada, Singapore, Mexico, Israel, Switzerland and the UK lagged somewhat behind, together comprising a further 36%.

From 2020 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +186.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mounted lens exported from the United States were Japan ($X), Germany ($X) and the Netherlands ($X), together comprising 45% of total exports.

Japan, with a CAGR of +44.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average mounted lens export price amounted to $X per unit, reducing by -2.2% against the previous year. Over the period from 2020 to 2022, it increased at an average annual rate of +10.7%. The growth pace was the most rapid in 2021 an increase of 25% against the previous year. As a result, the export price reached the peak level of $X per unit, and then dropped in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Thailand ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+39.5%), while the prices for the other major destinations experienced more modest paces of growth.

Mounted Lens Imports

Imports into the U.S.

For the eleventh year in a row, the United States recorded growth in supplies from abroad of mounted lenses, prisms and mirrors, which increased by 19% to X units in 2022. Over the period under review, imports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 84%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, mounted lens imports reached $X in 2022. Overall, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +59.9% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Japan (X units), China (X units) and Taiwan (Chinese) (X units) were the main suppliers of mounted lens imports to the United States, together comprising 68% of total imports. Germany, Singapore, Switzerland, Vietnam, Israel and Mexico lagged somewhat behind, together comprising a further 23%.

From 2020 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +278.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Germany ($X) and China ($X) appeared to be the largest mounted lens suppliers to the United States, with a combined 60% share of total imports. Switzerland, Singapore, Taiwan (Chinese), Israel, Vietnam and Mexico lagged somewhat behind, together comprising a further 23%.

In terms of the main suppliers, Switzerland, with a CAGR of +33.1%, recorded the highest rates of growth with regard to 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 mounted lens import price amounted to $X per unit, falling by -14.5% against the previous year. Over the period under review, the import price showed a sharp shrinkage. Over the period under review, average import prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 Switzerland ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+66.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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