Report Update: May 1, 2024

Republic of Korea - Mounted Lenses, Prisms And Mirrors - Market Analysis, Forecast, Size, Trends And Insights

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Mounted Lens Price in South Korea - 2021

Mounted Lens Price in South Korea (CIF) - 2022

The average mounted lens import price stood at $662,109 per unit in 2022, growing by 3,118% against the previous year. Overall, the import price continues to indicate a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($701,741 per unit) and Taiwan (Chinese) ($700,004 per unit), while the price for Japan ($682,112 per unit) and China ($694,832 per unit) were amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+735.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Mounted Lens Price in South Korea (FOB) - 2022

In 2022, the average mounted lens export price amounted to $9,698 per unit, rising by 464% against the previous year. Over the period under review, the export price recorded significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($9,649 per unit) and the Netherlands ($9,649 per unit), while the average price for exports to Singapore ($9,614 per unit) and Germany ($9,625 per unit) were amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+145.1%), while the prices for the other major destinations experienced more modest paces of growth.

Mounted Lens Imports in South Korea

In 2022, approx. 693 units of mounted lenses, prisms and mirrors were imported into South Korea; which is down by -96.8% compared with 2021 figures. Overall, imports continue to indicate a sharp downturn. The smallest decline of -58.4% was in 2021. Over the period under review, imports reached the peak figure at 51K units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, mounted lens imports expanded slightly to $459M in 2022. The total import value increased at an average annual rate of +2.4% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year. As a result, imports reached the peak of $517M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Mounted Lens in South Korea (Million USD)
COUNTRY	2020	2021	2022	CAGR, 2020-2022
Germany	33.4	52.4	106	78.1%
Singapore	377	205	90.9	-50.9%
Austria	19.8	18.6	75.3	95.0%
China	11.0	44.9	64.6	142.3%
Taiwan (Chinese)	0.1	42.2	45.5	2033.1%
United States	49.8	47.6	37.7	-13.0%
Japan	8.0	12.3	18.4	51.7%
Others	17.7	17.0	20.4	7.4%
Total	517	440	459	-5.8%

Top Suppliers of Mounted Lens to South Korea in 2022:

Germany (151.0 units)
Singapore (130.0 units)
Austria (108.0 units)
China (93.0 units)
Taiwan (Chinese) (65.0 units)
United States (54.0 units)
Japan (27.0 units)

Mounted Lens Exports in South Korea

After three years of growth, shipments abroad of mounted lenses, prisms and mirrors decreased by -85.9% to 7.3K units in 2022. Overall, exports showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 42% against the previous year. As a result, the exports attained the peak of 52K units, and then shrank markedly in the following year.

In value terms, mounted lens exports shrank sharply to $70M in 2022. Over the period under review, total exports indicated a mild increase from 2019 to 2022: its value increased at an average annual rate of +1.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +20.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 52%. As a result, the exports reached the peak of $89M, and then contracted dramatically in the following year.

Export of Mounted Lens in South Korea (Million USD)
COUNTRY	2020	2021	2022	CAGR, 2020-2022
Netherlands	2.0	1.9	16.3	185.5%
China	11.6	28.5	14.8	13.0%
United States	14.9	19.8	13.2	-5.9%
Vietnam	15.3	11.9	9.5	-21.2%
Taiwan (Chinese)	5.2	7.9	8.5	27.9%
Singapore	3.5	4.3	2.7	-12.2%
Germany	2.2	4.1	1.7	-12.1%
Others	4.0	10.4	3.7	-3.8%
Total	58.6	88.8	70.4	9.6%

Top Export Markets for Mounted Lens from South Korea in 2022:

Netherlands (1686.0 units)
China (1529.0 units)
United States (1368.0 units)
Vietnam (987.0 units)
Taiwan (Chinese) (884.0 units)
Singapore (279.0 units)
Germany (181.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the mounted lens market in Republic of Korea. 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:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023