Hong Kong SAR, China: Objective Lens Market 2024

Objective Lens Market Size in Hong Kong SAR, China

The Hong Kong objective lens market skyrocketed to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption, however, recorded a noticeable decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Objective Lens Production in Hong Kong SAR, China

In value terms, objective lens production soared to $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced decline. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Objective lens production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Objective Lens Exports

Exports from Hong Kong SAR, China

Objective lens exports from Hong Kong SAR dropped to X units in 2022, approximately reflecting 2021 figures. Overall, exports showed a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, objective lens exports reduced to $X in 2022. Over the period under review, exports saw a deep contraction. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

China (X units), the United States (X units) and the Netherlands (X units) were the main destinations of objective lens exports from Hong Kong SAR, with a combined X% share of total exports. Vietnam, Japan, the United Arab Emirates, Malaysia, Switzerland, Taiwan (Chinese), Macao SAR, Israel, South Korea and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, China ($X), the United States ($X) and the Netherlands ($X) appeared to be the largest markets for objective lens exported from Hong Kong SAR worldwide, with a combined X% share of total exports. Vietnam, Japan, the United Arab Emirates, Malaysia, Switzerland, Taiwan (Chinese), Macao SAR, Israel, South Korea and Germany lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average objective lens export price amounted to $X per unit, falling by X% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, objective lens export price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The export price peaked at $X per unit in 2021, and then declined in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were South Korea ($X per unit) and Israel ($X per unit), while the average price for exports to Germany ($X per unit) and Macao SAR ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Objective Lens Imports

Imports into Hong Kong SAR, China

In 2022, supplies from abroad of objective lenses for cameras, projectors or photographic enlargers or reducers decreased by X% to X units, falling for the third year in a row after four years of growth. In general, imports faced a deep contraction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, objective lens imports fell rapidly to $X in 2022. Over the period under review, imports saw a drastic downturn. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of objective lens to Hong Kong SAR, accounting for a X% share of total imports. Moreover, objective lens imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), twofold. Japan (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Japan (X% per year).

In value terms, China ($X) constituted the largest supplier of objective lenses for cameras, projectors or photographic enlargers or reducers to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Japan (X% per year).

Import Prices by Country

The average objective lens import price stood at $X per unit in 2022, flattening at the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, objective lens import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked at $X per unit in 2021, and then declined modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($X per unit) and the United Arab Emirates ($X per unit), while the price for Thailand ($X per unit) and Australia ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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