Latest Report Update: Sep 11, 2021

Philippines - Objective Lenses For Cameras, Projectors Or Photographic Enlargers Or Reducers - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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Philippines: Objective Lens Market Overview 2021

Objective Lens Market Size in the Philippines

In 2020, the Philippine objective lens market decreased by -X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption recorded a abrupt slump. The pace of growth was the most pronounced in 2017 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2008; however, from 2009 to 2020, consumption stood at a somewhat lower figure.

Objective Lens Production in the Philippines

In value terms, objective lens production contracted remarkably to $X in 2020 estimated in export prices. Over the period under review, production, however, enjoyed slight growth. The pace of growth was the most pronounced in 2017 when the production volume increased by X% year-to-year. Objective lens production peaked at $X in 2012; however, from 2013 to 2020, production failed to regain the momentum.

Objective Lens Exports

Exports from the Philippines

For the third consecutive year, the Philippines recorded decline in shipments abroad of objective lenses for cameras, projectors or photographic enlargers or reducers, which decreased by -X% to X units in 2020. In general, exports, however, recorded a resilient increase. The growth pace was the most rapid in 2009 when exports increased by X% against the previous year. Exports peaked at X units in 2012; however, from 2013 to 2020, exports remained at a lower figure.

In value terms, objective lens exports reduced notably to $X in 2020. Over the period under review, exports, however, saw buoyant growth. The growth pace was the most rapid in 2009 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for objective lens exports from the Philippines, accounting for a X% share of total exports. Moreover, objective lens exports to China exceeded the volume sent to the second major destination, Japan (X units), more than tenfold. The third position in this ranking was occupied by Germany (X units), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to China stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and Germany (+X% per year).

In value terms, China ($X) remains the key foreign market for objective lens exports from the Philippines, comprising X% of total exports. The second position in the ranking was occupied by Japan ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2007 to 2020, the average annual growth rate of value to China stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and Germany (+X% per year).

Export Prices by Country

The average objective lens export price stood at $X per unit in 2020, with a decrease of -X% against the previous year. Over the period under review, export price indicated slight growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, objective lens export price decreased by -X% against 2017 indices. The growth pace was the most rapid in 2009 when the average export price increased by X% year-to-year. The export price peaked at $X per unit in 2010; however, from 2011 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Viet Nam ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced more modest paces of growth.

Objective Lens Imports

Imports into the Philippines

In 2020, overseas purchases of objective lenses for cameras, projectors or photographic enlargers or reducers decreased by -X% to X units, falling for the third consecutive year after eleven years of growth. Overall, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Imports peaked at X units in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

In value terms, objective lens imports expanded remarkably to $X in 2020. Over the period under review, imports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2015 when imports increased by X% y-o-y. Imports peaked at $X in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Viet Nam (X units) was the main supplier of objective lens to the Philippines, with a approx. X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from Viet Nam amounted to +X%.

In value terms, Viet Nam ($X) constituted the largest supplier of objective lens to the Philippines.

From 2007 to 2020, the average annual rate of growth in terms of value from Viet Nam stood at +X%.

Import Prices by Country

In 2020, the average objective lens import price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price enjoyed a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Viet Nam.

From 2007 to 2020, the rate of growth in terms of prices for Viet Nam amounted to +X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for objective lenses for cameras, projectors or photographic enlargers or reducers in the world?
+
The countries with the highest volumes of objective lens consumption in 2020 were China (4.4M units), Japan (3.9M units) and the U.S. (3.2M units), with a combined 55% share of global consumption. South Korea, Hong Kong SAR, Indonesia, Germany, Bangladesh, Viet Nam, France and Democratic Republic of the Congo lagged somewhat behind, together accounting for a further 21%.
What are the largest producers of objective lenses for cameras, projectors or photographic enlargers or reducers in the world?
+
The countries with the highest volumes of objective lens production in 2020 were China (4.9M units), Japan (4.9M units) and the U.S. (1M units), with a combined 60% share of global production. These countries were followed by Thailand, Taiwan (Chinese), Bangladesh, Malaysia, Indonesia, South Korea, Democratic Republic of the Congo, the Philippines and France, which together accounted for a further 23%.
What are the leading suppliers of objective lenses for cameras, projectors or photographic enlargers or reducers to the Philippines?
+
In value terms, Viet Nam ($30M) constituted the largest supplier of objective lens to the Philippines.
What are the leading importers of objective lenses for cameras, projectors or photographic enlargers or reducers from the Philippines?
+
In value terms, China ($42M) remains the key foreign market for objective lens exports from the Philippines, comprising 57% of total exports. The second position in the ranking was occupied by Japan ($7.8M), with a 11% share of total exports. It was followed by Germany, with a 9.3% share.
What is the average export price for objective lenses for cameras, projectors or photographic enlargers or reducers in the Philippines?
+
The average objective lens export price stood at $281 per unit in 2020, shrinking by -13.1% against the previous year.
What is the average import price for objective lenses for cameras, projectors or photographic enlargers or reducers in the Philippines?
+
The average objective lens import price stood at $730 per unit in 2020, rising by 440% against the previous year.

Product coverage:
• Prodcom 26701100 - Mounted objective lenses, of any material, for cameras, p rojectors or photographic enlargers or reducers

This report provides an in-depth analysis of the objective lens market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Philippines

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the Philippines
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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