Latest Report Update: Sep 11, 2021

Republic of Korea - Objective Lenses For Cameras, Projectors Or Photographic Enlargers Or Reducers - Market Analysis, Forecast, Size, Trends and Insights
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Republic of Korea: Objective Lens Market Overview 2021

Objective Lens Market Size in Republic of Korea

The South Korean objective lens market skyrocketed to $X in 2020, picking up by X% against the previous year. Over the period under review, consumption saw a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Objective Lens Production in Republic of Korea

In value terms, objective lens production shrank notably to $X in 2020 estimated in export prices. In general, production, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2009 when the production volume increased by X% y-o-y. Objective lens production peaked at $X in 2012; however, from 2013 to 2020, production stood at a somewhat lower figure.

Objective Lens Exports

Exports from Republic of Korea

In 2020, overseas shipments of objective lenses for cameras, projectors or photographic enlargers or reducers were finally on the rise to reach X units after two years of decline. In general, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2012 when exports increased by X% against the previous year. Exports peaked in 2020 and are likely to see gradual growth in years to come.

In value terms, objective lens exports soared to $X in 2020. Over the period under review, exports showed a prominent increase. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Exports peaked in 2020 and are expected to retain growth in years to come.

Exports by Country

Viet Nam (X units) was the main destination for objective lens exports from South Korea, with a X% share of total exports. Moreover, objective lens exports to Viet Nam exceeded the volume sent to the second major destination, the Philippines (X units), fourfold. The third position in this ranking was occupied by Hong Kong SAR (X units), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Viet Nam totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+X% per year) and Hong Kong SAR (+X% per year).

In value terms, Viet Nam ($X) remains the key foreign market for objective lens exports from South Korea, comprising X% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Viet Nam totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+X% per year) and China (+X% per year).

Export Prices by Country

The average objective lens export price stood at $X per unit in 2020, surging by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked in 2020 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per unit), while the average price for exports to the Netherlands ($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 Viet Nam, while the prices for the other major destinations experienced more modest paces of growth.

Objective Lens Imports

Imports into Republic of Korea

In 2020, supplies from abroad of objective lenses for cameras, projectors or photographic enlargers or reducers was finally on the rise to reach X units for the first time since 2017, thus ending a two-year declining trend. Over the period under review, imports saw a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, objective lens imports surged to $X in 2020. In general, imports continue to indicate buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Taiwan (Chinese) (X units) constituted the largest objective lens supplier to South Korea, accounting for a X% share of total imports. Moreover, objective lens imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Japan (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Taiwan (Chinese) amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Japan (-X% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and Japan ($X) appeared to be the largest objective lens suppliers to South Korea, together accounting for X% of total imports. Viet Nam and Thailand lagged somewhat behind, together comprising a further X Nam (+X% per year) 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

In 2020, the average objective lens import price amounted to $X per unit, waning by -X% against the previous year. In general, import price indicated a pronounced increase 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. The pace of growth was the most pronounced in 2012 when the average import price increased by X% year-to-year. The import price peaked at $X per unit in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was China ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

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), together comprising 55% of global consumption. These countries were followed by South Korea, Hong Kong SAR, Indonesia, Germany, Bangladesh, Viet Nam, France and Democratic Republic of the Congo, which together accounted 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. Thailand, Taiwan (Chinese), Bangladesh, Malaysia, Indonesia, South Korea, Democratic Republic of the Congo, the Philippines and France lagged somewhat behind, together accounting for a further 23%.
What are the leading suppliers of objective lenses for cameras, projectors or photographic enlargers or reducers to Republic of Korea?
+
In value terms, the largest objective lens suppliers to South Korea were China ($241M), Taiwan (Chinese) ($207M) and Japan ($37M), together accounting for 87% of total imports. These countries were followed by Viet Nam and Thailand, which together accounted for a further 9%.
What are the leading importers of objective lenses for cameras, projectors or photographic enlargers or reducers from Republic of Korea?
+
In value terms, Viet Nam ($164M) remains the key foreign market for objective lens exports from South Korea, comprising 52% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($36M), with a 11% share of total exports. It was followed by China, with a 11% share.
What is the average export price for objective lenses for cameras, projectors or photographic enlargers or reducers in Republic of Korea?
+
The average objective lens export price stood at $477 per unit in 2020, increasing by 23% against the previous year.
What is the average import price for objective lenses for cameras, projectors or photographic enlargers or reducers in Republic of Korea?
+
In 2020, the average objective lens import price amounted to $538 per unit, reducing by -12.8% 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 Republic of Korea. 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:
• South Korea

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Republic of Korea
• 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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