Austria: Objective Lens Market 2024

Objective Lens Market Size in Austria

In 2021, the Austrian objective lens market was finally on the rise to reach $X for the first time since 2014, thus ending a six-year declining trend. Over the period under review, consumption, however, continues to indicate a noticeable descent. Objective lens consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Objective Lens Production in Austria

In value terms, objective lens production totaled $X in 2021 estimated in export price. Overall, production faced a abrupt downturn. The pace of growth was the most pronounced in 2016 when the production volume increased by 7.5%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Objective Lens Exports

Exports from Austria

Objective lens exports from Austria soared to X units in 2021, with an increase of 52% compared with the previous year. Over the period under review, exports, however, recorded a relatively flat trend pattern. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, objective lens exports reached $X in 2021. In general, exports, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2018 when exports increased by 31% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X units), Poland (X units) and Germany (X units) were the main destinations of objective lens exports from Austria, with a combined 54% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +49.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for objective lens exported from Austria were Germany ($X), Hong Kong SAR ($X) and the United States ($X), together accounting for 53% of total exports. Belgium, Poland, Japan, China, Slovakia, the Czech Republic, Switzerland and the Netherlands lagged somewhat behind, together comprising a further 36%.

Poland, with a CAGR of +34.8%, saw 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 2021, the average objective lens export price amounted to $X per unit, which is down by -25.1% against the previous year. Over the period under review, the export price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 an increase of 37%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to China ($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 Hong Kong SAR (+0.5%), while the prices for the other major destinations experienced a decline.

Objective Lens Imports

Imports into Austria

In 2021, overseas purchases of objective lenses for cameras, projectors or photographic enlargers or reducers increased by 74% to X units, rising for the fifth year in a row after three years of decline. In general, imports recorded a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, objective lens imports skyrocketed to $X in 2021. Overall, imports, however, recorded a slight curtailment. The growth pace was the most rapid in 2018 when imports increased by 27%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of objective lens to Austria, with a 44% share of total imports. Moreover, objective lens imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), fourfold. Poland (X units) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+60.0% per year) and Poland (+58.2% per year).

In value terms, Germany ($X) constituted the largest supplier of objective lenses for cameras, projectors or photographic enlargers or reducers to Austria, comprising 50% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 16% share of total imports. It was followed by Poland, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+42.8% per year) and Poland (+46.0% per year).

Import Prices by Country

In 2021, the average objective lens import price amounted to $X per unit, which is down by -31.8% against the previous year. Over the period under review, the import price continues to indicate a abrupt setback. The growth pace was the most rapid in 2016 an increase of 18% against the previous year. The import price peaked 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 Japan ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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