Uruguay: Objective Lens Market 2022

Objective Lens Market Size in Uruguay

In 2021, the Uruguayan objective lens market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, recorded a mild shrinkage. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Objective Lens Exports

Exports from Uruguay

After three years of growth, shipments abroad of objective lenses for cameras, projectors or photographic enlargers or reducers decreased by -X% to X units in 2021. In general, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, objective lens exports surged to $X in 2021. Overall, exports, however, saw measured growth. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for objective lens exports from Uruguay, accounting for a X% share of total exports. Moreover, objective lens exports to the United States exceeded the volume sent to the second major destination, the UK (X units), sevenfold. The third position in this ranking was taken by Mexico (X units), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-X% per year) and Mexico (+X% per year).

In value terms, the UK ($X) emerged as the key foreign market for objective lens exports from Uruguay, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Argentina, with a X% share.

From 2012 to 2021, the average annual growth rate of value to the UK stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and Argentina (+X% per year).

Export Prices by Country

In 2021, the average objective lens export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per unit), while the average price for exports to Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Objective Lens Imports

Imports into Uruguay

For the third year in a row, Uruguay recorded growth in supplies from abroad of objective lenses for cameras, projectors or photographic enlargers or reducers, which increased by X% to X units in 2021. In general, imports posted a slight expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, objective lens imports dropped significantly to $X in 2021. Over the period under review, imports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by X%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest objective lens supplier to Uruguay, with a X% share of total imports. Moreover, objective lens imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. The third position in this ranking was taken by Thailand (X units), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-X% per year) and Thailand (-X% per year).

In value terms, China ($X), the United States ($X) and the UK ($X) were the largest objective lens suppliers to Uruguay, with a combined X% share of total imports.

The UK, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average objective lens import price stood at $X per unit in 2021, which is down by -X% against the previous year. In general, the import price showed a abrupt decline. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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