U.S.: Market for Optical Instruments And Lens 2025

Market Size for Optical Instruments And Lens in the U.S.

The U.S. optical instrument and lens market surged to $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, continues to indicate a abrupt contraction. Optical instrument and lens consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Optical Instruments And Lens in the U.S.

In value terms, optical instrument and lens production stood at $X in 2022. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Optical Instruments And Lens

Exports from the U.S.

In 2022, overseas shipments of optical instruments and lens decreased by X% to X units for the first time since 2014, thus ending a seven-year rising trend. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2021, and then fell remarkably in the following year.

In value terms, optical instrument and lens exports surged to $X in 2022. The total export value increased at an average annual rate of X% from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

China (X units), Mexico (X units) and South Korea (X units) were the main destinations of optical instrument and lens exports from the United States, with a combined X% share of total exports.

From 2013 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Taiwan (Chinese) ($X) were the largest markets for optical instrument and lens exported from the United States worldwide, together comprising X% of total exports.

Among the main countries of destination, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, 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 optical instrument and lens export price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price, however, faced a dramatic downturn. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to India ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced a decline.

Imports of Optical Instruments And Lens

Imports into the U.S.

In 2022, supplies from abroad of optical instruments and lens decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, saw a resilient expansion. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked at X units in 2021, and then fell in the following year.

In value terms, optical instrument and lens imports declined to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

China (X units), Germany (X units) and Israel (X units) were the main suppliers of optical instrument and lens imports to the United States, with a combined X% share of total imports. Japan, Canada, Taiwan (Chinese), Vietnam, Malaysia, the UK, Hong Kong SAR, South Korea, Mexico and the Czech Republic lagged somewhat behind, together accounting for a further X%.

From 2013 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Germany ($X) appeared to be the largest optical instrument and lens suppliers to the United States, with a combined X% share of total imports. Canada, Mexico, Israel, Taiwan (Chinese), the UK, South Korea, Vietnam, Malaysia, the Czech Republic and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average optical instrument and lens import price stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the import price, however, saw a pronounced curtailment. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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