Belgium: Objective Lens Market 2024

Objective Lens Market Size in Belgium

In 2022, the Belgian objective lens market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, saw a deep downturn. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Objective Lens Production in Belgium

In value terms, objective lens production declined slightly to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Objective lens production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Objective Lens Exports

Exports from Belgium

In 2022, objective lens exports from Belgium soared to X units, picking up by X% on 2021 figures. Over the period under review, exports recorded a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, objective lens exports soared to $X in 2022. In general, exports, however, continue to indicate a abrupt shrinkage. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for objective lens exports from Belgium, with a X% share of total exports. Moreover, objective lens exports to Germany exceeded the volume sent to the second major destination, the United States (X units), fivefold. The UK (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the UK (X% per year).

In value terms, the United States ($X), Germany ($X) and France ($X) appeared to be the largest markets for objective lens exported from Belgium worldwide, together comprising X% of total exports. China, the Netherlands, the UK, Spain, Italy, Luxembourg, Singapore and Mexico lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average objective lens export price stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced a decline.

Objective Lens Imports

Imports into Belgium

Objective lens imports into Belgium surged to X units in 2022, rising by X% compared with 2021. Over the period under review, imports showed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, objective lens imports soared to $X in 2022. In general, imports, however, saw a abrupt decrease. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), the Netherlands (X units) and Japan (X units) were the main suppliers of objective lens imports to Belgium, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest objective lens suppliers to Belgium were the Netherlands ($X), Japan ($X) and China ($X), together accounting for X% of total imports. Germany, the UK, France, Austria and Vietnam lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, the UK, with a CAGR of X%, recorded the highest growth rate of 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 average objective lens import price stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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