Which Country Exports the Most Objective Lenses in the World?
Optical Instruments And Photographic Equipment May 28, 2018
IndexBox has just published a new report "World: Objective Lenses For Cameras, Projectors Or Photographic Enlargers Or Reducers - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.
Global objective lens imports totaled 89K tonnes in 2016, lowering by -2.0% against the previous year figure. The total import volume increased at an average annual rate of +1.1% over the period from 2007 to 2016- the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2012, when import increased by 4% against the previous year level. Over the period under review, global objective lens imports attained its maximum volume of 91K tonnes in 2015, falling back in the following year.
In value terms, objective lens imports stood at $12B in 2016. Overall, it indicated a remarkable increase from 2007 to 2016: the total imports value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, objective lens imports decreased by -11.3% against its level of 2013. Over the period under review, global objective lens imports reached its maximum level of $14B in 2013- however, from 2014 to 2016, it failed to regain its strength.
Top Objective Lens Importing Countries in the World
1. China (3,155.6 million USD)
2. South Korea (1,062.2 million USD)
3. Netherlands (927.0 million USD)
4. China, Hong Kong SAR (795.3 million USD)
5. Germany (699.2 million USD)
6. Japan (684.3 million USD)
7. Thailand (208.2 million USD)
8. France (165.3 million USD)
9. Malaysia (81.1 million USD)
10. Spain (64.0 million USD)
11. South Africa (33.3 million USD)
Objective Lens Imports By Country
South Korea (28K tonnes) represented the largest importer of objective lens in the world, accounting for 28K tonnes, which was near 31% of total imports in 2016. South Africa (10K tonnes) held a 11% share (based on tonnes) of global objective lens imports, which put it in second place, following Spain (11%), Japan (7%), and China (7%). Thailand (3.7K tonnes), France (3.1K tonnes), the Netherlands (2.6K tonnes), Malaysia (2.5K tonnes), China, Hong Kong SAR (1.9K tonnes), and Germany (1.6K tonnes) followed a long way behind this figure.
South Korea experienced a relatively flat trend pattern. At the same time, Spain (+50.6%), Germany (+3.2%), China, Hong Kong SAR (+1.4%), China (+1.2%), and Thailand (+1.0%) displayed positive paces of growth. Moreover, Spain emerged as the fastest growing importer/exporter in the world, with a CAGR of +50.6% from 2007-2016. Malaysia, Japan, and France experienced a relatively flat trend pattern. By contrast, the Netherlands (-1.8%), and South Africa (-4.5%) illustrated a downward trend over the same period. South Africa (6%) significantly strengthened its position in terms of the global imports, while Spain saw its share reduced by -10.7% from 2007 to 2016, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($3.2B) constitutes the largest market for imported objective lens worldwide, making up 25% of global imports. The second position in the ranking was occupied by South Korea ($1.1B), with the share of 9% of global imports. It was followed by the Netherlands, with the share of 7%.
In China, objective lens imports stood at an average annual rate of +10.3% over the period from 2007-2016. The remaining importing countries recorded the following average annual rates: South Korea (+13.3% per year) and the Netherlands (-5.7% per year).
Objective Lens Import Prices By Country
The average objective lens import price stood at $139 per kg in 2016, falling by -2.1% against the previous year. Overall, it indicated a notable increase from 2007 to 2016: the import price value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, objective lens import price decreased by -13.0% against its level of 2013. The growth pace was the most rapid in 2010, when import increased by 53% year-to-year. Over the period under review, average objective lens import price reached its maximum level of $160 per kg in 2013- however, from 2014 to 2016, it stood at a somewhat lower level.
There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was China ($478 per kg), while South Africa ($3,252 per tonne) was among the lowest.
From 2007 to 2016, the most notable growth rate of objective lens import prices was attained by South Korea (+12.7% per year), while the other global leaders experienced more modest paces of growth.
Do you want to know more about global objective lens market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- objective lens market share
- objective lens prices
- objective lens industry
- objective lens sales
- objective lens import
- objective lens export
- objective lens market forecast
- objective lens price forecast
- key objective lens producers
All data provided in this article covers the following product: HS Code 9002 - Lenses, prisms, mirrors and other optical elements, of any material, mounted, being parts or fittings for instruments or apparatus, other than such elements of glass not optically worked.
