Asia-Pacific: Mounted Lens Market 2024

Mounted Lens Market Size in Asia-Pacific

The Asia-Pacific mounted lens market expanded remarkably to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, showed a mild downturn. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Mounted Lens Production in Asia-Pacific

In value terms, mounted lens production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

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Mounted Lens Exports

Exports in Asia-Pacific

In 2022, overseas shipments of mounted lenses, prisms and mirrors increased by X% to X units, rising for the fifth year in a row after two years of decline. Over the period under review, exports recorded a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, mounted lens exports fell to $X in 2022. Total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

China prevails in exports structure, accounting for X units, which was near X% of total exports in 2022. It was distantly followed by Japan (X units) and Thailand (X units), together generating an X% share of total exports. Singapore (X units), Taiwan (Chinese) (X units), Hong Kong SAR (X units) and Vietnam (X units) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to mounted lens exports from China stood at X%. At the same time, Thailand (X%), Taiwan (Chinese) (X%), Vietnam (X%) and Hong Kong SAR (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. Japan and Singapore experienced a relatively flat trend pattern. While the share of China (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hong Kong SAR (X p.p.), Singapore (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 ($X) remains the largest mounted lens supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

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

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price saw a pronounced slump. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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

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

Mounted Lens Imports

Imports in Asia-Pacific

In 2022, overseas purchases of mounted lenses, prisms and mirrors increased by X% to X units, rising for the third year in a row after two years of decline. Overall, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, mounted lens imports totaled $X in 2022. Over the period under review, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2013 when imports increased by X%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

China was the key importer of mounted lenses, prisms and mirrors in Asia-Pacific, with the volume of imports accounting for X units, which was approx. X% of total imports in 2022. Hong Kong SAR (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%) and Vietnam (X%). The Philippines (X units), Japan (X units) and Taiwan (Chinese) (X units) held a minor share of total imports.

China was also the fastest-growing in terms of the mounted lenses, prisms and mirrors imports, with a CAGR of X% from 2012 to 2022. At the same time, the Philippines (X%), Vietnam (X%), South Korea (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. By contrast, Hong Kong SAR (X%) and Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), the Philippines (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (X p.p.) and Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported mounted lenses, prisms and mirrors in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Vietnam, with an X% share.

From 2012 to 2022, the average annual growth rate of value in China stood at X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Vietnam (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, declining by X% against the previous year. Import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mounted lens import price decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2015 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure 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 Taiwan (Chinese) ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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