Eastern Asia: Mounted Lens Market 2024

Mounted Lens Market Size in Eastern Asia

The East Asian mounted lens market skyrocketed to $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, continues to indicate a pronounced decrease. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Mounted Lens Production in Eastern Asia

In value terms, mounted lens production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Mounted Lens Exports

Exports in Eastern Asia

In 2022, shipments abroad of mounted lenses, prisms and mirrors increased by X% to X units, rising for the fourth year in a row after three years of decline. In general, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, mounted lens exports expanded modestly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

China prevails in exports structure, finishing at X units, which was near X% of total exports in 2022. It was distantly followed by Japan (X units), comprising a X% share of total exports. Taiwan (Chinese) (X units) and Hong Kong SAR (X units) took a relatively small share of total exports.

China was also the fastest-growing in terms of the mounted lenses, prisms and mirrors exports, with a CAGR of X% from 2012 to 2022. At the same time, Taiwan (Chinese) (X%) and Hong Kong SAR (X%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hong Kong SAR (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest mounted lens supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, shrinking by X% against the previous year. Overall, the export price saw a deep contraction. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Mounted Lens Imports

Imports in Eastern Asia

In 2022, purchases abroad of mounted lenses, prisms and mirrors increased by X% to X units, rising for the fourth year in a row after five years of decline. Overall, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, mounted lens imports rose remarkably to $X in 2022. Over the period under review, imports posted buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) represented the main importer of mounted lenses, prisms and mirrors, committing X% of total imports. Hong Kong SAR (X units) ranks second in terms of the total imports with a X% share, followed by South Korea (X%) and Japan (X%). Taiwan (Chinese) (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the mounted lenses, prisms and mirrors imports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. By contrast, Hong Kong SAR (X%) and Japan (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese), South Korea, Japan and Hong Kong SAR saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively.

In value terms, China ($X) constitutes the largest market for imported mounted lenses, prisms and mirrors in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with an X% share.

In China, mounted lens imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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