Thailand: Objective Lens Market 2024

Objective Lens Market Size in Thailand

The Thai objective lens market rose rapidly to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, recorded a drastic downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Objective Lens Production in Thailand

In value terms, objective lens production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a pronounced contraction. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Objective lens production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Objective Lens Exports

Exports from Thailand

In 2022, shipments abroad of objective lenses for cameras, projectors or photographic enlargers or reducers increased by X% to X units, rising for the third consecutive year after four years of decline. Overall, exports saw a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, objective lens exports declined to $X in 2022. Over the period under review, exports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China (X units), the Netherlands (X units) and Japan (X units) were the main destinations of objective lens exports from Thailand, with a combined X% share of total exports. India, Hong Kong SAR, Singapore, Taiwan (Chinese), the United States, Vietnam, the Philippines and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and the United States ($X) constituted the largest markets for objective lens exported from Thailand worldwide, together comprising X% of total exports. The Netherlands, Hong Kong SAR, India, Singapore, the Philippines, Taiwan (Chinese), Vietnam and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average objective lens export price amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the export price faced a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Vietnam ($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 Arab Emirates (X%), while the prices for the other major destinations experienced a decline.

Objective Lens Imports

Imports into Thailand

In 2022, overseas purchases of objective lenses for cameras, projectors or photographic enlargers or reducers increased by X% to X units, rising for the third year in a row after two years of decline. In general, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, objective lens imports skyrocketed to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of objective lens to Thailand, accounting for a X% share of total imports. Moreover, objective lens imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. The Philippines (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and the Philippines (X% per year).

In value terms, China ($X) constituted the largest supplier of objective lenses for cameras, projectors or photographic enlargers or reducers to Thailand, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by the Philippines, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and the Philippines (X% per year).

Import Prices by Country

In 2022, the average objective lens import price amounted to $X per unit, increasing by X% against the previous year. Overall, the import price, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 Japan ($X per unit), while the price for Myanmar ($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 a decline.

Source: IndexBox Platform

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