Southern Asia: Mounted Objective Lens Market 2024

Mounted Objective Lens Market Size in Southern Asia

The South Asian mounted objective lens market rose significantly to $X in 2022, with an increase of X% against the previous year. The total consumption indicated temperate growth from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Mounted Objective Lens Production in Southern Asia

In value terms, mounted objective lens production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Mounted Objective Lens Exports

Exports in Southern Asia

In 2022, shipments abroad of mounted objective lenses decreased by X% to X units, falling for the fourth year in a row after three years of growth. In general, exports, however, saw notable growth. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, mounted objective lens exports totaled $X in 2022. Total exports indicated prominent growth from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Bangladesh was the key exporting country with an export of about X units, which resulted at X% of total exports. It was distantly followed by India (X units), constituting a X% share of total exports.

Bangladesh was also the fastest-growing in terms of the mounted objective lenses exports, with a CAGR of X% from 2012 to 2022. India (X%) illustrated a downward trend over the same period. While the share of Bangladesh (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (X p.p.) displayed negative dynamics.

In value terms, Bangladesh ($X) and India ($X) constituted the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, Bangladesh, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, growing by X% against the previous year. Export price indicated a temperate 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, mounted objective lens export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per unit), while Bangladesh amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%).

Mounted Objective Lens Imports

Imports in Southern Asia

In 2022, overseas purchases of mounted objective lenses increased by X% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports recorded a noticeable increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, mounted objective lens imports skyrocketed to $X in 2022. Overall, imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

India represented the main importer of mounted objective lenses in Southern Asia, with the volume of imports finishing at X units, which was approx. X% of total imports in 2022. It was distantly followed by Bangladesh (X units), generating a X% share of total imports.

India was also the fastest-growing in terms of the mounted objective lenses imports, with a CAGR of X% from 2012 to 2022. Bangladesh (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India increased by X percentage points.

In value terms, India ($X) constitutes the largest market for imported mounted objective lenses in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports.

In India, mounted objective lens imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, declining by X% against the previous year. Overall, the import price, however, saw a pronounced increase. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while Bangladesh stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%).

Source: IndexBox Platform

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