Philippines: Mounted Lens Market 2024

Mounted Lens Market Size in the Philippines

The Philippine mounted lens market surged to $X in 2022, picking up by X% against the previous year. In general, consumption saw a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Mounted Lens Production in the Philippines

In value terms, mounted lens production soared to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Mounted Lens Exports

Exports from the Philippines

In 2022, the amount of mounted lenses, prisms and mirrors exported from the Philippines dropped dramatically to X units, with a decrease of X% on the previous year. Over the period under review, exports showed a abrupt decline. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mounted lens exports declined remarkably to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Japan (X units), Hong Kong SAR (X units) and Singapore (X units) were the main destinations of mounted lens exports from the Philippines, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Japan ($X) remains the key foreign market for mounted lenses, prisms and mirrors exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the average mounted lens export price amounted to $X per unit, surging by X% against the previous year. Over the period under review, 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, mounted lens export price increased by X% against 2020 indices. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to South Korea ($X per unit) was amongst the lowest.

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

Mounted Lens Imports

Imports into the Philippines

In 2022, imports of mounted lenses, prisms and mirrors into the Philippines surged to X units, growing by X% on the previous year's figure. Overall, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, mounted lens imports skyrocketed to $X in 2022. Over the period under review, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Taiwan (Chinese) (X units), China (X units) and Hong Kong SAR (X units) were the main suppliers of mounted lens imports to the Philippines, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), China ($X) and Japan ($X) constituted the largest mounted lens suppliers to the Philippines, with a combined X% share of total imports.

Taiwan (Chinese), with a CAGR of X%, saw 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 mounted lens import price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the import price showed a buoyant increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

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

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

Source: IndexBox Platform

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