China: Mounted Lens Market 2022

Mounted Lens Market Size in China

The Chinese mounted lens market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption posted a prominent expansion. Mounted lens consumption peaked in 2021 and is likely to see steady growth in years to come.

Mounted Lens Production in China

In value terms, mounted lens production shrank to $X in 2021 estimated in export price. Overall, production continues to indicate a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of 83%. Mounted lens production peaked at $X in 2020, and then declined slightly in the following year.

Mounted Lens Exports

Exports from China

In 2021, after two years of growth, there was significant decline in overseas shipments of mounted lenses, prisms and mirrors, when their volume decreased by -5.1% to X tons. The total export volume increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 37% against the previous year. The exports peaked at X tons in 2020, and then shrank in the following year.

In value terms, mounted lens exports soared to $X in 2021. Over the period under review, exports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2015 when exports increased by 31% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons), South Korea (X tons) and Japan (X tons) were the main destinations of mounted lens exports from China, together accounting for 41% of total exports. Germany, Taiwan (Chinese), India, Mexico, the UK, Hong Kong SAR, Poland, Sweden, the Netherlands and Hungary lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +112.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for mounted lens exports from China, comprising 20% of total exports. The second position in the ranking was held by Germany ($X), with a 10% share of total exports. It was followed by Taiwan (Chinese), with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+19.7% per year) and Taiwan (Chinese) (+2.9% per year).

Export Prices by Country

In 2021, the average mounted lens export price amounted to $X per ton, increasing by 29% against the previous year. In general, export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Hungary ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+18.8%), while the prices for the other major destinations experienced more modest paces of growth.

Mounted Lens Imports

Imports into China

In 2021, approx. X tons of mounted lenses, prisms and mirrors were imported into China; increasing by 28% compared with 2020 figures. In general, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 39%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, mounted lens imports surged to $X in 2021. Overall, imports saw prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by 73%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

South Korea (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) were the main suppliers of mounted lens imports to China, with a combined 74% share of total imports. Germany, France, the United States, Vietnam and Bangladesh lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +46.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mounted lens suppliers to China were Taiwan (Chinese) ($X), South Korea ($X) and Japan ($X), with a combined 80% share of total imports. Germany, the United States, Vietnam, France and Bangladesh lagged somewhat behind, together comprising a further 15%.

Among the main suppliers, Vietnam, with a CAGR of +51.4%, saw 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

In 2021, the average mounted lens import price amounted to $X per ton, which is down by -4.9% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, mounted lens import price decreased by -5.5% against 2019 indices. The growth pace was the most rapid in 2013 when the average import price increased by 53% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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