Asia: Objective Lens Market 2024

Objective Lens Market Size in Asia

The Asian objective lens market contracted to $X in 2021, waning by -8.7% against the previous year. Overall, consumption saw a pronounced decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Objective Lens Production in Asia

In value terms, objective lens production fell to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2020 when the production volume increased by 29%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Objective Lens Exports

Exports in Asia

In 2021, overseas shipments of objective lenses for cameras, projectors or photographic enlargers or reducers increased by 24% to X units, rising for the second consecutive year after two years of decline. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 69% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, objective lens exports soared to $X in 2021. Overall, exports, however, recorded a abrupt setback. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand represented the largest exporter of objective lenses for cameras, projectors or photographic enlargers or reducers in Asia, with the volume of exports accounting for X units, which was near 59% of total exports in 2021. China (X units) ranks second in terms of the total exports with a 13% share, followed by Japan (10%). Malaysia (X units), Taiwan (Chinese) (X units), South Korea (X units) and Vietnam (X units) held a minor share of total exports.

Thailand was also the fastest-growing in terms of the objective lenses for cameras, projectors or photographic enlargers or reducers exports, with a CAGR of +15.7% from 2012 to 2021. At the same time, Vietnam (+8.4%) displayed positive paces of growth. South Korea experienced a relatively flat trend pattern. By contrast, Malaysia (-3.2%), Japan (-6.9%), China (-9.2%) and Taiwan (Chinese) (-11.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Thailand increased by +42 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest objective lens supplying countries in Asia were Japan ($X), China ($X) and Thailand ($X), with a combined 60% share of total exports. These countries were followed by South Korea, Vietnam, Taiwan (Chinese) and Malaysia, which together accounted for a further 28%.

In terms of the main exporting countries, Vietnam, with a CAGR of +11.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, picking up by 12% against the previous year. Overall, the export price, however, showed a drastic downturn. The growth pace was the most rapid in 2019 an increase of 20%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Japan ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+2.7%), while the other leaders experienced more modest paces of growth.

Objective Lens Imports

Imports in Asia

In 2021, overseas purchases of objective lenses for cameras, projectors or photographic enlargers or reducers were finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, showed a noticeable curtailment. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, objective lens imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a noticeable shrinkage. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) and Thailand (X units) represented the major importers of objective lenses for cameras, projectors or photographic enlargers or reducers in Asia, together mixing up 37% of total imports. It was distantly followed by Hong Kong SAR (X units), Japan (X units), Taiwan (Chinese) (X units), Vietnam (X units), South Korea (X units) and the Philippines (X units), together comprising a 42% share of total imports. The United Arab Emirates (X units), Malaysia (X units), Indonesia (X units), Singapore (X units) and India (X units) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +30.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest objective lens importing markets in Asia were China ($X), Hong Kong SAR ($X) and Vietnam ($X), with a combined 52% share of total imports. These countries were followed by Japan, South Korea, Taiwan (Chinese), Singapore, India, the United Arab Emirates, Malaysia, Thailand, the Philippines and Indonesia, which together accounted for a further 42%.

Among the main importing countries, the Philippines, with a CAGR of +27.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, falling by -4.7% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 18% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+10.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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