Canada - Mounted Lenses, Prisms And Mirrors - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCanada Sees 7% Decline in Mounted Lens Imports, Totals $22M in 2023
Canada Mounted Lens Imports
In 2023, approx. 448K units of mounted lenses, prisms and mirrors were imported into Canada; with a decrease of -10.3% compared with 2022 figures. Overall, imports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 35% against the previous year. As a result, imports reached the peak of 755K units. From 2020 to 2023, the growth of imports remained at a somewhat lower figure.
In value terms, mounted lens imports reduced to $22M (IndexBox estimates) in 2023. The total import value increased at an average annual rate of +1.4% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when imports increased by 26% against the previous year. As a result, imports reached the peak of $27M. From 2020 to 2023, the growth of imports remained at a somewhat lower figure.
| COUNTRY | Import Value of Mounted Lens in Canada (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| United States | 3.7 | 4.2 | 5.0 | 4.4 | 4.8 | 4.4 | 5.1 | 3.6 | 3.4 | 4.6 | 6.5 |
| China | 2.9 | 3.2 | 2.1 | 3.4 | 2.7 | 5.0 | 11.3 | 3.5 | 3.0 | 3.3 | 3.6 |
| Taiwan (Chinese) | 1.8 | 1.8 | 1.8 | 1.2 | 1.6 | 1.6 | 2.0 | 1.4 | 2.3 | 1.8 | 2.0 |
| Japan | 7.7 | 6.1 | 5.2 | 4.7 | 4.4 | 3.3 | 2.6 | 3.9 | 1.7 | 2.0 | 2.0 |
| Germany | 1.1 | 1.0 | 1.1 | 1.0 | 1.2 | 1.2 | 1.1 | 0.9 | 1.2 | 1.0 | 1.5 |
| Switzerland | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | 0.3 | 0.4 | 0.4 | 0.5 | 1.1 | 1.4 |
| Mexico | N/A | N/A | 0.1 | 0.2 | 0.4 | 0.6 | 1.4 | 1.8 | 3.0 | 3.9 | 1.1 |
| United Kingdom | 0.2 | 0.3 | 0.3 | 1.1 | 2.0 | 2.3 | 1.1 | 2.2 | 1.6 | 0.9 | 0.3 |
| Others | 1.5 | 1.3 | 1.2 | 1.3 | 1.2 | 2.7 | 2.1 | 1.8 | 2.2 | 4.7 | 3.3 |
| Total | 18.9 | 17.9 | 16.8 | 17.3 | 18.6 | 21.5 | 27.1 | 19.5 | 18.9 | 23.3 | 21.7 |
Imports by Country
the United States (134K units), China (74K units) and Japan (42K units) were the main suppliers of mounted lens imports to Canada, with a combined 56% share of total imports. Taiwan (Chinese), Germany, Switzerland, Mexico and the UK lagged somewhat behind, together accounting for a further 29%.
From 2013 to 2023, the biggest increases were recorded for Mexico (with a CAGR of +82.1%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest mounted lens suppliers to Canada were the United States ($6.5M), China ($3.6M) and Japan ($2M), with a combined 56% share of total imports. Taiwan (Chinese), Germany, Switzerland, Mexico and the UK lagged somewhat behind, together accounting for a further 29%.
Mexico, with a CAGR of +90.3%, saw 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
In 2023, the mounted lens price amounted to $48 per unit (CIF, Canada), surging by 4.1% against the previous year. Over the period from 2013 to 2023, it increased at an average annual rate of +4.5%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 22% against the previous year. The import price peaked in 2023 and is likely to see steady growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Mexico ($49 per unit) and Switzerland ($48 per unit), while the price for Germany ($48 per unit) and Taiwan (Chinese) ($48 per unit) were amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the mounted lens market in Canada. 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 26702155 - Mounted lenses, prisms, mirrors, etc., of any material, n.e.c.
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
