Cinematographic projector Market

The article discusses the projected decline in consumption of cinematographic projectors over the period from 2022 to 2030, with a forecasted decrease in market volume and value. It provides specific data on consumption trends, production levels, imports, and exports of cinematographic projectors in various countries. The analysis highlights the significant role of China and Hong Kong SAR in both consumption and production of cinematographic projectors, as well as the trends in import and export prices.

Market Forecast

The cinematographic projector market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -1.8% for the eight-year period from 2022 to 2030, which is projected to depress the market volume to 381M units by the end of 2030.

In value terms, the market is forecast to contract with an anticipated CAGR of +3.2% for the period from 2022 to 2030, which is projected to bring the market value to $64.9B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Flashlights, Image Projectors And Cinematographic Projectors

In 2022, consumption of flashlights, image projectors and cinematographic projectors increased by 1.1% to 440M units, rising for the fifth consecutive year after three years of decline. Overall, consumption posted a strong increase. Over the period under review, global consumption hit record highs in 2022 and is likely to continue growth in the immediate term.

The global cinematographic projector market revenue shrank markedly to $50.5B in 2022, with a decrease of -15.3% 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). In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $59.7B, and then dropped significantly in the following year.

Consumption By Country

The country with the largest volume of cinematographic projector consumption was China (235M units), comprising approx. 53% of total volume. Moreover, cinematographic projector consumption in China exceeded the figures recorded by the second-largest consumer, Hong Kong SAR (52M units), fivefold. The United States (24M units) ranked third in terms of total consumption with a 5.4% share.

In China, cinematographic projector consumption expanded at an average annual rate of +18.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (+22.0% per year) and the United States (-0.2% per year).

In value terms, the largest cinematographic projector markets worldwide were Japan ($4.2B), Russia ($2.5B) and the United States ($1.2B), with a combined 16% share of the global market. India, China, Hong Kong SAR and Singapore lagged somewhat behind, together comprising a further 4.7%.

Hong Kong SAR, with a CAGR of +20.4%, saw the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of cinematographic projector per capita consumption in 2022 were Hong Kong SAR (6.8 units per person), Singapore (3.5 units per person) and China (0.2 units per person).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Hong Kong SAR (with a CAGR of +21.3%), while consumption for the other global leaders experienced mixed trends in the per capita consumption figures.

Production

World Production of Flashlights, Image Projectors And Cinematographic Projectors

In 2022, after two years of growth, there was significant decline in production of flashlights, image projectors and cinematographic projectors, when its volume decreased by -11.5% to 231M units. Over the period under review, the total production indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +51.7% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 70%. As a result, production attained the peak volume of 261M units, and then shrank in the following year.

In value terms, cinematographic projector production dropped rapidly to $48.5B in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 50%. As a result, production reached the peak level of $59.1B, and then fell significantly in the following year.

Production By Country

The country with the largest volume of cinematographic projector production was Hong Kong SAR (92M units), comprising approx. 40% of total volume. Moreover, cinematographic projector production in Hong Kong SAR exceeded the figures recorded by the second-largest producer, Singapore (20M units), fivefold. The third position in this ranking was taken by the United States (15M units), with a 6.3% share.

In Hong Kong SAR, cinematographic projector production expanded at an average annual rate of +15.4% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Singapore (+0.9% per year) and the United States (-4.6% per year).

Imports

World Imports of Flashlights, Image Projectors And Cinematographic Projectors

In 2022, supplies from abroad of flashlights, image projectors and cinematographic projectors increased by 18% to 324M units, rising for the sixth year in a row after four years of decline. Over the period under review, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2019 with an increase of 353%. Global imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, cinematographic projector imports soared to $1.4B in 2022. Overall, imports posted a slight expansion. The most prominent rate of growth was recorded in 2021 with an increase of 66% against the previous year. Over the period under review, global imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports By Country

China was the major importing country with an import of around 273M units, which recorded 84% of total imports. It was distantly followed by Hong Kong SAR (33M units), committing a 10% share of total imports. The United States (9.9M units) held a relatively small share of total imports.

China was also the fastest-growing in terms of the flashlights, image projectors and cinematographic projectors imports, with a CAGR of +17.5% from 2012 to 2022. At the same time, Hong Kong SAR (+16.0%) and the United States (+16.0%) displayed positive paces of growth. From 2012 to 2022, the share of China and Hong Kong SAR increased by +24 and +1.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($618M) constitutes the largest market for imported flashlights, image projectors and cinematographic projectors worldwide, comprising 46% of global imports. The second position in the ranking was held by Hong Kong SAR ($222M), with a 16% share of global imports.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +22.9%. In the other countries, the average annual rates were as follows: Hong Kong SAR (+11.8% per year) and the United States (+3.3% per year).

Import Prices By Country

The average cinematographic projector import price stood at $4.2 per unit in 2022, almost unchanged from the previous year. In general, the import price saw a abrupt decline. The growth pace was the most rapid in 2015 when the average import price increased by 143% against the previous year. Over the period under review, average import prices hit record highs at $50 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($21 per unit), while China ($2.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.6%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Flashlights, Image Projectors And Cinematographic Projectors

In 2022, overseas shipments of flashlights, image projectors and cinematographic projectors increased by 14% to 115M units, rising for the second consecutive year after two years of decline. Overall, exports saw temperate growth. The most prominent rate of growth was recorded in 2021 with an increase of 103%. The global exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, cinematographic projector exports contracted to $909M in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 76%. Over the period under review, the global exports hit record highs at $944M in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports By Country

In 2022, Hong Kong SAR (74M units) represented the key exporter of flashlights, image projectors and cinematographic projectors, creating 64% of total exports. It was distantly followed by China (38M units), constituting a 33% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +12.7%).

In value terms, the largest cinematographic projector supplying countries worldwide were China ($321M) and Hong Kong SAR ($307M).

Among the main exporting countries, Hong Kong SAR, with a CAGR of +17.6%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices By Country

In 2022, the average cinematographic projector export price amounted to $7.9 per unit, dropping by -14.3% against the previous year. In general, the export price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2013 an increase of 16%. As a result, the export price attained the peak level of $15 per unit. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($8.4 per unit), while Hong Kong SAR totaled $4.2 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.8%).

Source: IndexBox Market Intelligence Platform