Belarus: Mounted Objective Lens Market 2024

Mounted Objective Lens Market Size in Belarus

In 2022, after two years of growth, there was significant decline in the Belarusian mounted objective lens market, when its value decreased by X% to $X. Over the period under review, consumption showed a deep contraction. Mounted objective lens consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Mounted Objective Lens Production in Belarus

In value terms, mounted objective lens production expanded to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2017 with an increase of X%. Mounted objective lens production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Mounted Objective Lens Exports

Exports from Belarus

Mounted objective lens exports from Belarus soared to X units in 2021, jumping by X% compared with the previous year. Overall, exports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, mounted objective lens exports expanded to $X in 2021. In general, exports saw buoyant growth. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for mounted objective lens exports from Belarus, with a X% share of total exports. Moreover, mounted objective lens exports to Russia exceeded the volume sent to the second major destination, Germany (X units), fourfold. The third position in this ranking was taken by Azerbaijan (X units), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Azerbaijan (X% per year).

In value terms, Germany ($X) remains the key foreign market for mounted objective lenses exports from Belarus, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports. It was followed by Latvia, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Latvia (X% per year).

Export Prices by Country

The average mounted objective lens export price stood at $X per unit in 2021, shrinking by X% against the previous year. In general, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Azerbaijan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Mounted Objective Lens Imports

Imports into Belarus

Mounted objective lens imports into Belarus surged to X units in 2021, growing by X% compared with 2020. In general, imports showed a prominent expansion. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, mounted objective lens imports stood at $X in 2021. Over the period under review, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of mounted objective lens to Belarus, accounting for a X% share of total imports. Moreover, mounted objective lens imports from China exceeded the figures recorded by the second-largest supplier, Russia (X units), fivefold. The third position in this ranking was held by Japan (X units), with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Japan (X% per year).

In value terms, Russia ($X), China ($X) and Japan ($X) constituted the largest mounted objective lens suppliers to Belarus, together comprising X% of total imports.

In terms of the main suppliers, China, 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 mixed trend patterns.

Import Prices by Country

In 2021, the average mounted objective lens import price amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price showed a abrupt setback. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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