CIS: Objective Lens Market 2024

Objective Lens Market Size in CIS

The CIS objective lens market dropped slightly to $X in 2021, waning by -2.8% against the previous year. Overall, consumption, however, continues to indicate a pronounced downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Objective Lens Production in CIS

In value terms, objective lens production contracted to $X in 2021 estimated in export price. In general, production saw a pronounced descent. The most prominent rate of growth was recorded in 2020 when the production volume increased by 43% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Objective Lens Exports

Exports in CIS

Objective lens exports declined to X units in 2021, waning by -4.5% against the previous year's figure. Over the period under review, exports, however, showed strong growth. The growth pace was the most rapid in 2018 when exports increased by 335% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, objective lens exports stood at $X in 2021. In general, exports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2016 when exports increased by 165% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The shipments of the two major exporters of objective lenses for cameras, projectors or photographic enlargers or reducers, namely Belarus and Russia, represented more than two-thirds of total export.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +29.1%).

In value terms, Russia ($X) remains the largest objective lens supplier in the CIS, comprising 94% of total exports. The second position in the ranking was held by Belarus ($X), with a 3% share of total exports.

In Russia, objective lens exports expanded at an average annual rate of +10.0% over the period from 2012-2021.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2021, rising by 8% against the previous year. In general, the export price, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2019 when the export price increased by 150%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Russia ($X per unit), while Belarus totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-3.4%).

Objective Lens Imports

Imports in CIS

In 2021, supplies from abroad of objective lenses for cameras, projectors or photographic enlargers or reducers increased by 62% to X units, rising for the second consecutive year after two years of decline. Overall, imports, however, showed a slight reduction. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, objective lens imports soared to $X in 2021. Over the period under review, imports, however, recorded a deep slump. The pace of growth appeared the most rapid in 2016 with an increase of 58%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Russia dominates imports structure, finishing at X units, which was near 94% of total imports in 2021. Belarus (X units) and Kazakhstan (X units) followed a long way behind the leaders.

Imports into Russia decreased at an average annual rate of -2.1% from 2012 to 2021. At the same time, Belarus (+15.4%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of +15.4% from 2012-2021. By contrast, Kazakhstan (-3.6%) illustrated a downward trend over the same period. Belarus (+2.3 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -2.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported objective lenses for cameras, projectors or photographic enlargers or reducers in the CIS, comprising 89% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 4.3% share of total imports.

In Russia, objective lens imports plunged by an average annual rate of -7.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+0.2% per year) and Belarus (+7.5% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per unit, with a decrease of -24.7% against the previous year. In general, the import price saw a pronounced descent. The pace of growth appeared the most rapid in 2016 when the import price increased by 14% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+4.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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