Global Mounted Lens Market 2022

Mounted Lens Market Size

In 2021, the global mounted lens market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption showed a remarkable increase. Over the period under review, the global market reached the peak level in 2021 and is likely to continue growth in the immediate term.

Mounted Lens Production

In value terms, mounted lens production rose rapidly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.8% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 34%. Over the period under review, global production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Mounted Lens Exports

Exports

In 2021, after two years of growth, there was significant decline in shipments abroad of mounted lenses, prisms and mirrors, when their volume decreased by -27.1% to X tons. Over the period under review, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 242% against the previous year. The global exports peaked at X tons in 2020, and then reduced markedly in the following year.

In value terms, mounted lens exports surged to $X in 2021. The total export value increased at an average annual rate of +5.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain dominates exports structure, amounting to X tons, which was approx. 70% of total exports in 2021. It was distantly followed by China (X tons), achieving a 6.5% share of total exports. The United States (X tons), Germany (X tons), Japan (X tons), Singapore (X tons) and Thailand (X tons) held a relatively small share of total exports.

Spain was also the fastest-growing in terms of the mounted lenses, prisms and mirrors exports, with a CAGR of +29.0% from 2012 to 2021. At the same time, Singapore (+26.9%), Thailand (+26.8%), the United States (+6.5%) and China (+4.4%) displayed positive paces of growth. Germany experienced a relatively flat trend pattern. By contrast, Japan (-4.0%) illustrated a downward trend over the same period. While the share of Spain (+49 p.p.) and Singapore (+1.7 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of the United States (-2.1 p.p.), Germany (-5.8 p.p.), China (-6.7 p.p.) and Japan (-8.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and Singapore ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 47% share of global exports. Japan, the United States, Thailand and Spain lagged somewhat behind, together comprising a further 23%.

Thailand, with a CAGR of +39.4%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average mounted lens export price stood at $X per ton in 2021, picking up by 94% against the previous year. Overall, the export price, however, showed a deep downturn. The growth pace was the most rapid in 2018 when the average export price increased by 260% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the the average export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+9.9%), while the other global leaders experienced more modest paces of growth.

Mounted Lens Imports

Imports

In 2021, approx. X tons of mounted lenses, prisms and mirrors were imported worldwide; jumping by 50% against 2020 figures. In general, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +50.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, mounted lens imports surged to $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 32%. Over the period under review, global imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

The countries with the highest levels of mounted lens imports in 2021 were the United States (X tons), South Korea (X tons), China (X tons), Italy (X tons), Vietnam (X tons), Hong Kong SAR (X tons), Spain (X tons), the United Arab Emirates (X tons), the UK (X tons), the Netherlands (X tons), Germany (X tons) and Japan (X tons), together recording 73% of total import. Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in the United Arab Emirates (with a CAGR of +43.9%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported mounted lenses, prisms and mirrors worldwide, comprising 27% of global imports. The second position in the ranking was taken by South Korea ($X), with a 12% share of global imports. It was followed by Vietnam, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +14.9%. In the other countries, the average annual rates were as follows: South Korea (+18.4% per year) and Vietnam (+23.7% per year).

Import Prices by Country

In 2021, the average mounted lens import price amounted to $X per ton, dropping by -12.4% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 18% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+8.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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