Asia-Pacific: Objective Lens Market 2024

Objective Lens Market Size in Asia-Pacific

The Asia-Pacific objective lens market totaled $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, showed a mild decrease. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Objective Lens Production in Asia-Pacific

In value terms, objective lens production rose modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Objective Lens Exports

Exports in Asia-Pacific

Objective lens exports reduced modestly to X units in 2022, approximately equating 2021 figures. In general, exports saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, objective lens exports contracted to $X in 2022. Overall, exports continue to indicate a abrupt decline. 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 stood at a somewhat lower figure.

Exports by Country

In 2022, Thailand (X units) was the key exporter of objective lenses for cameras, projectors or photographic enlargers or reducers, achieving X% of total exports. It was distantly followed by China (X units), Japan (X units) and Taiwan (Chinese) (X units), together making up a X% share of total exports. South Korea (X units), Malaysia (X units) and Hong Kong SAR (X units) took a little share of total exports.

Thailand was also the fastest-growing in terms of the objective lenses for cameras, projectors or photographic enlargers or reducers exports, with a CAGR of X% from 2012 to 2022. South Korea (X%), Japan (X%), China (X%), Malaysia (X%), Taiwan (Chinese) (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.), Hong Kong SAR (X p.p.), Japan (X p.p.), Taiwan (Chinese) (X p.p.) and China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Japan, objective lens exports decreased by an average annual rate of X% over the period from 2012-2022. 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-Pacific stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while Thailand ($X per unit) was amongst the lowest.

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

Objective Lens Imports

Imports in Asia-Pacific

In 2022, the amount of objective lenses for cameras, projectors or photographic enlargers or reducers imported in Asia-Pacific totaled X units, surging by X% against 2021 figures. Over the period under review, imports, however, continue to indicate a perceptible shrinkage. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, objective lens imports reached $X in 2022. Overall, imports, however, saw a slight slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China represented the main importer of objective lenses for cameras, projectors or photographic enlargers or reducers in Asia-Pacific, with the volume of imports amounting to X units, which was approx. 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 South Korea (X%), Hong Kong SAR (X%), Japan (X%), Malaysia (X%) and Vietnam (X%).

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%) and Thailand (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. South Korea experienced a relatively flat trend pattern. By contrast, Malaysia (X%), Hong Kong SAR (X%) and Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Thailand, Vietnam and South Korea increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest objective lens importing markets in Asia-Pacific were China ($X), South Korea ($X) and Hong Kong SAR ($X), with a combined X% share of total imports. Vietnam, Japan, Thailand and Malaysia lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, flattening at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 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 Japan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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