Bangladesh: Objective Lens Market 2024

Objective Lens Market Size in Bangladesh

The Bangladeshi objective lens market fell to $X in 2021, dropping by -14.3% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Objective lens consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Objective Lens Production in Bangladesh

In value terms, objective lens production fell to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 42%. As a result, production attained the peak level of $X, and then reduced in the following year.

Objective Lens Exports

Exports from Bangladesh

In 2021, exports of objective lenses for cameras, projectors or photographic enlargers or reducers from Bangladesh amounted to X units, increasing by 11% compared with the previous year. In general, exports, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2014 with an increase of 161%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, objective lens exports surged to $X in 2021. Overall, exports, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when exports increased by 141%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X units), China (X units) and Taiwan (Chinese) (X units) were the main destinations of objective lens exports from Bangladesh, with a combined 92% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +7.6%), while the other leaders experienced a decline.

In value terms, Hong Kong SAR ($X), China ($X) and the United States ($X) were the largest markets for objective lens exported from Bangladesh worldwide, together accounting for 79% of total exports. Taiwan (Chinese) and Japan lagged somewhat behind, together accounting for a further 8%.

Taiwan (Chinese), with a CAGR of +16.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average objective lens export price stood at $X per unit in 2021, surging by 17% against the previous year. Over the period under review, the export price showed a remarkable increase. The growth pace was the most rapid in 2017 when the average export price increased by 52%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Japan ($X per unit), while the average price for exports to China ($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 Japan (+24.0%), while the prices for the other major destinations experienced more modest paces of growth.

Objective Lens Imports

Imports into Bangladesh

In 2021, overseas purchases of objective lenses for cameras, projectors or photographic enlargers or reducers increased by 577% to X units for the first time since 2018, thus ending a two-year declining trend. In general, imports recorded a temperate expansion. Imports peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, objective lens imports skyrocketed to $X in 2021. Over the period under review, imports recorded perceptible growth. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Thailand (X units) constituted the largest supplier of objective lens to Bangladesh, with a 29% share of total imports. Moreover, objective lens imports from Thailand exceeded the figures recorded by the second-largest supplier, Singapore (X units), fourfold. China (X units) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand stood at +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+36.9% per year) and China (-0.5% per year).

In value terms, Singapore ($X), Thailand ($X) and China ($X) constituted the largest objective lens suppliers to Bangladesh, with a combined 51% share of total imports. The United States and Japan lagged somewhat behind, together comprising a further 5.3%.

The United States, with a CAGR of +73.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average objective lens import price stood at $X per unit in 2021, with a decrease of -38% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 93% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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