Asia-Pacific: Objective Lens Market 2025

Objective Lens Market Size in Asia-Pacific

The Asia-Pacific objective lens market shrank to $X in 2021, waning by -8.2% against the previous year. In general, consumption continues to indicate a deep setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Objective Lens Production in Asia-Pacific

In value terms, objective lens production shrank to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt contraction. The growth pace was the most rapid in 2020 when the production volume increased by 28%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Objective Lens Exports

Exports in Asia-Pacific

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. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 68% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, objective lens exports skyrocketed to $X in 2021. Overall, exports, however, showed a abrupt descent. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Thailand (X units) was the key exporter of objective lenses for cameras, projectors or photographic enlargers or reducers, creating 59% of total exports. It was distantly followed by China (X units) and Japan (X units), together constituting a 23% share of total exports. Malaysia (X units), Taiwan (Chinese) (X units), South Korea (X units) and Vietnam (X units) followed a long way behind the leaders.

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. While the share of Thailand (+42 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Malaysia (-1.6 p.p.), Taiwan (Chinese) (-8.7 p.p.), Japan (-10.1 p.p.) and China (-18.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), China ($X) and Thailand ($X) constituted the countries with the highest levels of exports in 2021, with a combined 60% share of total exports. South Korea, Vietnam, Taiwan (Chinese) and Malaysia lagged somewhat behind, together comprising a further 28%.

Vietnam, with a CAGR of +11.3%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries 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-Pacific amounted to $X per unit, rising by 12% against the previous year. In general, the export price, however, showed a deep contraction. The pace of growth was the most pronounced in 2019 when the export price increased by 20% against the previous year. As a result, the export price attained 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-Pacific

After three years of decline, purchases abroad of objective lenses for cameras, projectors or photographic enlargers or reducers increased by 21% to X units in 2021. Over the period under review, imports, however, recorded a pronounced shrinkage. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, objective lens imports rose sharply to $X in 2021. In general, imports, however, continue to indicate a pronounced curtailment. 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) were the key importers of objective lenses for cameras, projectors or photographic enlargers or reducers in Asia-Pacific, together comprising 38% of total imports. Hong Kong SAR (X units) took the next position in the ranking, followed by Japan (X units), Taiwan (Chinese) (X units), Vietnam (X units), South Korea (X units) and the Philippines (X units). All these countries together took near 44% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of +30.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Hong Kong SAR ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2021, with a combined 53% share of total imports. Japan, South Korea, Taiwan (Chinese), Thailand and the Philippines lagged somewhat behind, together comprising a further 23%.

In terms of the main importing countries, the Philippines, with a CAGR of +27.1%, saw 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

The import price in Asia-Pacific stood at $X per unit in 2021, dropping by -5.6% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the import price increased by 20% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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 Japan (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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