CIS: Mounted Objective Lens Market 2024

Mounted Objective Lens Market Size in CIS

In 2022, after two years of growth, there was significant decline in the CIS mounted objective lens market, when its value decreased by -13.5% to $X. In general, consumption saw a pronounced decrease. The growth pace was the most rapid in 2020 when the market value increased by 7.2% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Mounted Objective Lens Production in CIS

In value terms, mounted objective lens production rose to $X in 2022 estimated in export price. In general, production, however, showed a mild downturn. The growth pace was the most rapid in 2020 when the production volume increased by 13% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Mounted Objective Lens Exports

Exports in CIS

In 2022, shipments abroad of mounted objective lenses was finally on the rise to reach X units after two years of decline. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 179% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, mounted objective lens exports skyrocketed to $X in 2022. In general, exports posted strong growth. The growth pace was the most rapid in 2016 with an increase of 121% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Belarus dominates exports structure, finishing at X units, which was approx. 86% of total exports in 2022. It was distantly followed by Russia (X units), generating a 7.7% share of total exports. Kazakhstan (X units) took a little share of total exports.

Exports from Belarus increased at an average annual rate of +38.6% from 2012 to 2022. At the same time, Kazakhstan (+44.4%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +44.4% from 2012-2022. By contrast, Russia (-1.6%) illustrated a downward trend over the same period. While the share of Belarus (+60 p.p.) and Kazakhstan (+3.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Russia (-64.6 p.p.) displayed negative dynamics.

In value terms, Belarus ($X), Russia ($X) and Kazakhstan ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 88% of total exports.

In terms of the main exporting countries, Kazakhstan, with a CAGR of +32.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, dropping by -21.2% against the previous year. Overall, the export price saw a deep downturn. The growth pace was the most rapid in 2017 when the export price increased by 44%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while Kazakhstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+5.4%), while the other leaders experienced a decline in the export price figures.

Mounted Objective Lens Imports

Imports in CIS

In 2022, after two years of growth, there was significant decline in purchases abroad of mounted objective lenses, when their volume decreased by -7% to X units. In general, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2016 when imports increased by 40%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, mounted objective lens imports fell modestly to $X in 2022. Overall, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2016 when imports increased by 57%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia prevails in imports structure, reaching X units, which was approx. 92% of total imports in 2022. It was distantly followed by Kazakhstan (X units), making up a 4.8% share of total imports. Belarus (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to mounted objective lens imports into Russia stood at -6.7%. At the same time, Kazakhstan (+4.7%) and Belarus (+2.7%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +4.7% from 2012-2022. While the share of Kazakhstan (+3.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Russia (-5.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported mounted objective lenses in the CIS, comprising 82% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Russia totaled -6.8%. In the other countries, the average annual rates were as follows: Kazakhstan (+9.3% per year) and Belarus (-10.7% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, picking up by 3.1% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 15% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+4.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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