Denmark: Objective Lens Market 2023

Objective Lens Market Size in Denmark

The Danish objective lens market shrank remarkably to $X in 2021, waning by -36% against the previous year. In general, consumption, however, continues to indicate a mild increase. As a result, consumption reached the peak level of $X, and then shrank remarkably in the following year.

Objective Lens Production in Denmark

In value terms, objective lens production surged to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a dramatic decline. The most prominent rate of growth was recorded in 2019 with an increase of 1,793%. Objective lens production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Objective Lens Exports

Exports from Denmark

In 2021, shipments abroad of objective lenses for cameras, projectors or photographic enlargers or reducers increased by 86% to X units, rising for the third consecutive year after two years of decline. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 281% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, objective lens exports skyrocketed to $X in 2021. Overall, exports enjoyed measured growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X units), Sweden (X units) and Norway (X units) were the main destinations of objective lens exports from Denmark, together accounting for 74% of total exports. These countries were followed by Qatar, the United States, the UK, Slovakia and Germany, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +458.4%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) emerged as the key foreign market for objective lenses for cameras, projectors or photographic enlargers or reducers exports from Denmark, comprising 47% of total exports. The second position in the ranking was taken by Sweden ($X), with a 21% share of total exports. It was followed by Norway, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France stood at +36.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+13.4% per year) and Norway (-0.4% per year).

Export Prices by Country

In 2021, the average objective lens export price amounted to $X per unit, falling by -12.7% against the previous year. In general, the export price faced a abrupt setback. The pace of growth appeared the most rapid in 2017 when the average export price increased by 49% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Qatar ($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 Norway (-7.9%), while the prices for the other major destinations experienced a decline.

Objective Lens Imports

Imports into Denmark

In 2021, the amount of objective lenses for cameras, projectors or photographic enlargers or reducers imported into Denmark surged to X units, increasing by 76% compared with the previous year's figure. In general, imports saw strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, objective lens imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a slight downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), the Netherlands (X units) and Germany (X units) were the main suppliers of objective lens imports to Denmark, together accounting for 59% of total imports. Sweden, Italy, the United States, Japan, the UK, Ireland, Poland and Norway lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +125.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Sweden ($X) were the largest objective lens suppliers to Denmark, with a combined 63% share of total imports. Japan, the United States, China, Norway, the UK, Poland, Italy and Ireland lagged somewhat behind, together comprising a further 24%.

Ireland, with a CAGR of +159.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 2021, reducing by -18.2% against the previous year. In general, the import price showed a abrupt curtailment. The pace of growth was the most pronounced in 2016 when the average import price increased by 22%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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