Cyprus: Objective Lens Market 2020

Objective Lens Market Size in Cyprus

The revenue of the objective lens market in Cyprus amounted to $X in 2018, waning by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, objective lens consumption continues to indicate a deep decline. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Over the period under review, the objective lens market reached its peak figure level at $X in 2015; however, from 2016 to 2018, consumption stood at a somewhat lower figure.

Objective Lens Exports

Exports from Cyprus

In 2018, approx. X units of objective lenses for cameras, projectors or photographic enlargers or reducers were exported from Cyprus; picking up by X% against the previous year. Over the period under review, objective lens exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Over the period under review, objective lens exports reached their peak figure at X units in 2010; however, from 2011 to 2018, exports stood at a somewhat lower figure.

In value terms, objective lens exports totaled $X in 2018. Overall, objective lens exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. Cyprus exports peaked at $X in 2010; however, from 2011 to 2018, exports stood at a somewhat lower figure.

Exports by Country

China (X units) and Japan (X units) represented roughly X% of total exports of objective lenses for cameras, projectors or photographic enlargers or reducers in 2018. It was distantly followed by Taiwan, Chinese (X units), Malaysia (X units), the Netherlands (X units) and Germany (X units), together achieving a X% share of total exports. The Philippines (X units), Thailand (X units) and South Korea (X units) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Malaysia, while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the largest objective lens supplier from Cyprus, comprising X% of global exports. The second position in the ranking was occupied by China ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual growth rate of value in Japan totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: China (-X% per year) and Germany (+X% per year).

Export Prices by Country

In 2018, the objective lens export price in Cyprus amounted to $X per unit, reducing by -X% against the previous year. Over the period under review, the objective lens export price continues to indicate a drastic slump. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. In that year, the export prices for objective lenses for cameras, projectors or photographic enlargers or reducers attained their peak level of $X per unit. From 2015 to 2018, the growth in terms of the export prices for objective lenses for cameras, projectors or photographic enlargers or reducers failed to regain its momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Thailand ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Thailand, while the other leaders experienced more modest paces of growth.

Objective Lens Imports

Imports into Cyprus

Objective lens imports into Cyprus stood at X units in 2018, dropping by -X% against the previous year. Overall, objective lens imports continue to indicate a drastic reduction. The most prominent rate of growth was recorded in 2015 when imports increased by X% year-to-year. In that year, objective lens imports attained their peak of X units. From 2016 to 2018, the growth of objective lens imports failed to regain its momentum.

In value terms, objective lens imports stood at $X in 2018. Over the period under review, objective lens imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Cyprus imports peaked at $X in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X units), China, Hong Kong SAR (X units), Malaysia (X units), China (X units), the Netherlands (X units), Germany (X units) and Japan (X units) were the largest importers of objective lenses for cameras, projectors or photographic enlargers or reducers in the world, making up X% of total import. The following importers - the Philippines (X units), the UK (X units), Thailand (X units), France (X units) and Australia (X units) - each recorded a X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Malaysia, while the other leaders experienced more modest paces of growth.

In value terms, the largest objective lens importing markets into Cyprus were the U.S. ($X), China ($X) and Germany ($X), with a combined X% share of total imports.

Among the main importing countries, Germany recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the objective lens import price in Cyprus amounted to $X per unit, growing by X% against the previous year. Overall, the objective lens import price continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2017 when the import price increased by X% y-o-y. Cyprus import price peaked in 2018 and is likely to continue its growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Australia ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Australia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform