Azerbaijan: Mounted Objective Lens Market 2025

Mounted Objective Lens Market Size in Azerbaijan

The Azerbaijani mounted objective lens market shrank significantly to $X in 2022, waning by -45.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a remarkable increase. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Mounted Objective Lens Exports

Exports from Azerbaijan

After two years of growth, overseas shipments of mounted objective lenses decreased by -57.7% to X units in 2022. Over the period under review, exports, however, continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2021 with an increase of 2,500% against the previous year. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, mounted objective lens exports fell remarkably to $X in 2022. In general, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2021 when exports increased by 7,687%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Zambia (X units), the Netherlands (X units) and Spain (X units) were the main destinations of mounted objective lens exports from Azerbaijan. Moreover, mounted objective lens exports in Zambia exceeded the figures recorded by the second-largest exporter, the Netherlands, twofold.

From 2013 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) emerged as the key foreign market for mounted objective lenses exports from Azerbaijan, comprising 1,397% of total exports. The second position in the ranking was taken by Spain ($X), with a 64% share of total exports.

From 2013 to 2021, the average annual rate of growth in terms of value to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (0.0% per year) and Zambia (0.0% per year).

Export Prices by Country

The average mounted objective lens export price stood at $X per unit in 2021, rising by 199% against the previous year. Overall, the export price enjoyed a prominent expansion. The growth pace was the most rapid in 2019 an increase of 239% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Zambia ($X per unit) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+13.6%).

Mounted Objective Lens Imports

Imports into Azerbaijan

Mounted objective lens imports into Azerbaijan reduced notably to X units in 2022, waning by -44% on 2021. Over the period under review, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2013 when imports increased by 541%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, mounted objective lens imports reduced markedly to $X in 2022. In general, imports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2013 when imports increased by 1,264% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and Japan (X units) were the main suppliers of mounted objective lens imports to Azerbaijan, with a combined 61% share of total imports. Poland, the Netherlands, the United Arab Emirates, Turkey, Malaysia and Belarus lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +64.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of mounted objective lenses to Azerbaijan, comprising 180% of total imports. The second position in the ranking was held by Germany ($X), with an 87% share of total imports. It was followed by China, with a 39% share.

From 2012 to 2022, the average annual growth rate of value from Japan stood at +211.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+114.4% per year) and China (+116.2% per year).

Import Prices by Country

The average mounted objective lens import price stood at $X per unit in 2022, waning by -36.6% against the previous year. Overall, the import price, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2014 when the average import price increased by 401% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+244.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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