U.S.: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in the U.S.

After two years of growth, the U.S. spectacles and goggles market decreased by -6.5% to $X in 2021. In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +4.8% against 2018 indices. Spectacles and goggles consumption peaked at $X in 2020, and then fell in the following year.

Spectacles And Goggles Production in the U.S.

In value terms, spectacles and goggles production stood at $X in 2021. Over the period under review, production faced a dramatic decrease. The most prominent rate of growth was recorded in 2018 with a decrease of -14.1% against the previous year. Spectacles and goggles production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Spectacles And Goggles Exports

Exports from the U.S.

For the third consecutive year, the United States recorded decline in overseas shipments of spectacles and goggles, which decreased by -6.9% to X units in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 28% against the previous year. Over the period under review, the exports reached the maximum at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, spectacles and goggles exports declined notably to $X in 2021. In general, exports showed a pronounced decrease. The pace of growth appeared the most rapid in 2014 when exports increased by 30%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X units) was the main destination for spectacles and goggles exports from the United States, accounting for a 66% share of total exports. Moreover, spectacles and goggles exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), tenfold. The third position in this ranking was held by Japan (X units), with a 1.9% share.

From 2012 to 2021, the average annual growth rate of volume to Canada amounted to +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-10.5% per year) and Japan (+4.8% per year).

In value terms, Canada ($X) remains the key foreign market for spectacles and goggles exports from the United States, comprising 46% of total exports. The second position in the ranking was taken by Mexico ($X), with a 6.3% share of total exports. It was followed by Japan, with a 3% share.

From 2012 to 2021, the average annual growth rate of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-8.5% per year) and Japan (+1.0% per year).

Export Prices by Country

In 2021, the average spectacles and goggles export price amounted to $X per unit, waning by -11.3% against the previous year. Over the period under review, the export price recorded a noticeable setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 3.5% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Canada ($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 Mexico (+2.2%), while the prices for the other major destinations experienced a decline.

Spectacles And Goggles Imports

Imports into the U.S.

In 2021, imports of spectacles and goggles into the United States fell remarkably to X units, with a decrease of -15.3% on 2020. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 27%. As a result, imports attained the peak of X units, and then fell rapidly in the following year.

In value terms, spectacles and goggles imports shrank slightly to $X in 2021. Overall, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +79.7% against 2012 indices. The most prominent rate of growth was recorded in 2016 with an increase of 20% against the previous year. Imports peaked at $X in 2020, and then contracted slightly in the following year.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Thailand (X units) were the main suppliers of spectacles and goggles imports to the United States, together comprising 96% of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +25.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of spectacles and goggles to the United States, comprising 52% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 21% share of total imports. It was followed by Thailand, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+5.6% per year) and Thailand (+36.7% per year).

Import Prices by Country

The average spectacles and goggles import price stood at $X per unit in 2021, rising by 13% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, spectacles and goggles import price decreased by -7.1% against 2019 indices. The growth pace was the most rapid in 2016 when the average import price increased by 26%. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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