Belarus: Mounted Lens Market 2025

Mounted Lens Market Size in Belarus

In 2022, after ten years of growth, there was significant decline in the Belarusian mounted lens market, when its value decreased by -90.9% to $X. Overall, consumption saw a precipitous slump. As a result, consumption attained the peak level of $X, and then contracted remarkably in the following year.

Mounted Lens Production in Belarus

In value terms, mounted lens production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt contraction. Mounted lens production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Mounted Lens Exports

Exports from Belarus

For the eleventh consecutive year, Belarus recorded growth in overseas shipments of mounted lenses, prisms and mirrors, which increased by 134% to X units in 2022. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, mounted lens exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 42% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for mounted lens exports from Belarus, with a 67% share of total exports. Moreover, mounted lens exports to Germany exceeded the volume sent to the second major destination, Lithuania (X units), threefold. The United States (X units) ranked third in terms of total exports with a 2.4% share.

From 2020 to 2022, the average annual rate of growth in terms of volume to Germany totaled +73.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+117.2% per year) and the United States (+80.3% per year).

In value terms, Germany ($X) remains the key foreign market for mounted lenses, prisms and mirrors exports from Belarus, comprising 67% of total exports. The second position in the ranking was taken by Lithuania ($X), with a 20% share of total exports. It was followed by the United States, with a 3.9% share.

From 2020 to 2022, the average annual rate of growth in terms of value to Germany amounted to +38.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+73.2% per year) and the United States (+46.3% per year).

Export Prices by Country

In 2022, the average mounted lens export price amounted to $X per unit, which is down by -45.9% against the previous year. In general, the export price faced a deep setback. The growth pace was the most rapid in 2021 an increase of 22%. As a result, the export price attained the peak level of $X per unit, and then dropped markedly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (-18.0%), while the prices for the other major destinations experienced a decline.

Mounted Lens Imports

Imports into Belarus

For the eleventh consecutive year, Belarus recorded growth in purchases abroad of mounted lenses, prisms and mirrors, which increased by 376% to X units in 2022. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, mounted lens imports fell markedly to $X in 2022. In general, imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2016 when imports increased by 67% against the previous year. Imports peaked at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

China (X units), Germany (X units) and the United States (X units) were the main suppliers of mounted lens imports to Belarus, with a combined 70% share of total imports. Serbia, Latvia, Russia, Ukraine, Italy, the Czech Republic, the UK and Poland lagged somewhat behind, together comprising a further 21%.

From 2020 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Latvia (with a CAGR of +1,040.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mounted lens suppliers to Belarus were China ($X), Germany ($X) and the United States ($X), with a combined 69% share of total imports. Serbia, Latvia, Russia, Ukraine, Italy, the Czech Republic, the UK and Poland lagged somewhat behind, together comprising a further 21%.

In terms of the main suppliers, Ukraine, with a CAGR of +1,350.7%, recorded the highest growth rate of 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 2022, the average mounted lens import price amounted to $X per unit, declining by -90.9% against the previous year. In general, the import price recorded a significant decrease. The growth pace was the most rapid in 2021 when the average import price increased by 40%. As a result, import price reached the peak level of $X per unit, and then dropped sharply in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Serbia ($X per unit) and Italy ($X per unit), while the price for the UK ($X per unit) and Poland ($X per unit) were amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+48.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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