Hungary: Objective Lens Market Overview 2020

Objective Lens Market Size in Hungary

The revenue of the objective lens market in Hungary amounted to $X in 2018, going up 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 remarkable increase. The growth pace was the most rapid in 2013 when the market value increased by X% year-to-year. In that year, the objective lens market attained its peak level of $X. From 2014 to 2018, the growth of the objective lens market remained at a lower figure.

Objective Lens Exports

Exports from Hungary

In 2018, the amount of objective lenses for cameras, projectors or photographic enlargers or reducers exported from Hungary stood at X units, falling by -X% against the previous year. In general, objective lens exports, however, continue to indicate a skyrocketing expansion. The pace of growth was the most pronounced in 2016 when exports increased by X% year-to-year. In that year, objective lens exports attained their peak of X units. From 2017 to 2018, the growth of objective lens exports remained at a somewhat lower figure.

In value terms, objective lens exports totaled $X in 2018. Over the period under review, objective lens exports, however, continue to indicate an extraordinary increase. The pace of growth appeared the most rapid in 2012 when exports increased by X% year-to-year. Exports peaked in 2018 and are expected to retain its growth in the near future.

Exports by Country

Poland (X units) was the main destination for objective lens exports from Hungary, with a X% share of total exports. Moreover, objective lens exports to Poland exceeded the volume sent to the second major destination, Germany (X units), eightfold. The third position in this ranking was occupied by Slovakia (X units), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Poland stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Slovakia (+X% per year).

In value terms, the largest markets for objective lens exported from Hungary were the U.S. ($X), Poland ($X) and the UK ($X), with a combined X% share of total exports.

Poland (+X% per year) recorded the highest rates of growth with regard to exports, in terms of the main countries of destination over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average objective lens export price amounted to $X per unit, growing by X% against the previous year. In general, the objective lens export price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% y-o-y. In that year, the average export prices for objective lenses for cameras, projectors or photographic enlargers or reducers reached their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was the UK ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced more modest paces of growth.

Objective Lens Imports

Imports into Hungary

In 2018, the amount of objective lenses for cameras, projectors or photographic enlargers or reducers imported into Hungary stood at X units, jumping by X% against the previous year. Over the period under review, objective lens imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. In that year, objective lens imports reached their peak of X units. From 2014 to 2018, the growth of objective lens imports remained at a lower figure.

In value terms, objective lens imports stood at $X in 2018. Over the period under review, objective lens imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. In that year, objective lens imports attained their peak of $X, and then declined slightly in the following year.

Imports by Country

The Netherlands (X units), Germany (X units) and Japan (X units) were the main suppliers of objective lens imports to Hungary, with a combined X% share of total imports. These countries were followed by Italy, Slovakia, the UK and the U.S., which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Italy, while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of objective lens to Hungary, comprising X% of total objective lens imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2007 to 2018, the average annual growth rate of value from the Netherlands stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Japan (+X% per year).

Import Prices by Country

In 2018, the average objective lens import price amounted to $X per unit, dropping by -X% against the previous year. Over the period under review, the objective lens import price continues to indicate a moderate setback. The pace of growth appeared the most rapid in 2016 an increase of X% year-to-year. The import price peaked at $X per unit in 2009; however, from 2010 to 2018, import prices remained at a lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform