Asia: Objective Lens Market 2024

Objective Lens Market Size in Asia

The Asian objective lens market rose rapidly to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, continues to indicate a mild decrease. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Objective Lens Production in Asia

In value terms, objective lens production expanded modestly to $X in 2022 estimated in export price. In general, production, however, recorded a pronounced reduction. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Objective Lens Exports

Exports in Asia

In 2022, overseas shipments of objective lenses for cameras, projectors or photographic enlargers or reducers increased by X% to X units, rising for the second year in a row after eight years of decline. Over the period under review, exports, however, continue to indicate a pronounced descent. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, objective lens exports fell to $X in 2022. Overall, exports, however, showed a deep slump. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Thailand (X units) represented the main exporter of objective lenses for cameras, projectors or photographic enlargers or reducers, mixing up X% of total exports. China (X units) ranks second in terms of the total exports with a X% share, followed by Japan (X%), Taiwan (Chinese) (X%) and the United Arab Emirates (X%). South Korea (X units) and Malaysia (X units) held a little share of total exports.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, South Korea (X%), Japan (X%), China (X%), Malaysia (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand and the United Arab Emirates increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest objective lens supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with an X% share of total exports. It was followed by Thailand, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Japan amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: China (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, declining by X% against the previous year. Overall, the export price showed a perceptible setback. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced more modest paces of growth.

Objective Lens Imports

Imports in Asia

In 2022, purchases abroad of objective lenses for cameras, projectors or photographic enlargers or reducers increased by X% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, showed a noticeable decline. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, objective lens imports expanded sharply to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China was the largest importer of objective lenses for cameras, projectors or photographic enlargers or reducers in Asia, with the volume of imports amounting to X units, which was near X% of total imports in 2022. Thailand (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (X%), South Korea (X%), Hong Kong SAR (X%), Japan (X%) and Malaysia (X%). Vietnam (X units), the Philippines (X units), India (X units), Indonesia (X units), Taiwan (Chinese) (X units) and Singapore (X units) took a little share of total imports.

China experienced a relatively flat trend pattern with regard to volume of imports of objective lenses for cameras, projectors or photographic enlargers or reducers. At the same time, Vietnam (X%), the United Arab Emirates (X%), the Philippines (X%), India (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. South Korea experienced a relatively flat trend pattern. By contrast, Malaysia (X%), Taiwan (Chinese) (X%), Indonesia (X%), Singapore (X%), Hong Kong SAR (X%) and Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), the United Arab Emirates (X p.p.), Thailand (X p.p.), Vietnam (X p.p.), the Philippines (X p.p.), India (X p.p.) and South Korea (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Indonesia (X p.p.), Singapore (X p.p.), Hong Kong SAR (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), South Korea ($X) and Hong Kong SAR ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Vietnam, the United Arab Emirates, Japan, India, Singapore, Taiwan (Chinese), Thailand, Malaysia, the Philippines and Indonesia lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, shrinking by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 an increase of X%. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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