Eastern Asia: Objective Lens Market 2024

Objective Lens Market Size in Eastern Asia

The East Asian objective lens market expanded modestly to $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Objective Lens Production in Eastern Asia

In value terms, objective lens production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Objective Lens Exports

Exports in Eastern Asia

In 2022, the amount of objective lenses for cameras, projectors or photographic enlargers or reducers exported in Eastern Asia declined modestly to X units, approximately reflecting the previous year. In general, exports showed a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, objective lens exports reduced modestly to $X in 2022. Overall, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X units) and Japan (X units) represented roughly X% of total exports in 2022. Taiwan (Chinese) (X units) ranks next in terms of the total exports with a X% share, followed by South Korea (X%) and Hong Kong SAR (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by South Korea (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

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

In Japan, objective lens exports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per unit in 2021, and then shrank modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while China ($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.

Objective Lens Imports

Imports in Eastern Asia

In 2022, overseas purchases of objective lenses for cameras, projectors or photographic enlargers or reducers increased by X% to X units, rising for the second consecutive year after two years of decline. In general, imports, however, showed a deep reduction. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, objective lens imports amounted to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2017 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) represented the major importer of objective lenses for cameras, projectors or photographic enlargers or reducers, achieving X% of total imports. It was distantly followed by South Korea (X units), Hong Kong SAR (X units) and Japan (X units), together making up a X% share of total imports. Taiwan (Chinese) (X units) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of imports of objective lenses for cameras, projectors or photographic enlargers or reducers. South Korea experienced a relatively flat trend pattern. Taiwan (Chinese) (X%), Hong Kong SAR (X%) and Japan (X%) illustrated a downward trend over the same period. China (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR and Japan saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), South Korea ($X) and Hong Kong SAR ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, South Korea, 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 mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per unit), while Japan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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