Croatia: Objective Lens Market 2025

Objective Lens Market Size in Croatia

In 2021, after two years of growth, there was significant decline in the Croatian objective lens market, when its value decreased by -6.9% to $X. Over the period under review, consumption showed a abrupt setback. Objective lens consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Objective Lens Production in Croatia

In value terms, objective lens production contracted dramatically to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2019 when the production volume increased by 172% against the previous year. Objective lens production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Objective Lens Exports

Exports from Croatia

In 2021, the amount of objective lenses for cameras, projectors or photographic enlargers or reducers exported from Croatia skyrocketed to X units, jumping by 64% against the previous year's figure. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 479% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, objective lens exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2013 with an increase of 1,178%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Slovenia (X units), Serbia (X units) and Bosnia and Herzegovina (X units) were the main destinations of objective lens exports from Croatia, together accounting for 77% of total exports. Hungary, the Netherlands, North Macedonia and Montenegro lagged somewhat behind, together comprising a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +569.4%), while the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X) remains the key foreign market for objective lenses for cameras, projectors or photographic enlargers or reducers exports from Croatia, comprising 48% of total exports. The second position in the ranking was held by Serbia ($X), with a 23% share of total exports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Slovenia totaled +127.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+94.2% per year) and the Netherlands (+194.2% per year).

Export Prices by Country

In 2021, the average objective lens export price amounted to $X per unit, falling by -13.4% against the previous year. Overall, the export price continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2013 an increase of 124%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Bosnia and Herzegovina ($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 the Netherlands (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Objective Lens Imports

Imports into Croatia

In 2021, the amount of objective lenses for cameras, projectors or photographic enlargers or reducers imported into Croatia soared to X units, growing by 20% against 2020. Overall, imports recorded resilient growth. The most prominent rate of growth was recorded in 2018 when imports increased by 110%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, objective lens imports soared to $X in 2021. In general, imports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2016 with an increase of 73%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Japan (X units) constituted the largest supplier of objective lens to Croatia, accounting for a 32% share of total imports. Moreover, objective lens imports from Japan exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. Hungary (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan totaled +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+33.3% per year) and Hungary (+69.0% per year).

In value terms, the largest objective lens suppliers to Croatia were Germany ($X), Japan ($X) and Hungary ($X), with a combined 60% share of total imports. Austria, Slovenia, Slovakia, China, the Netherlands and Thailand lagged somewhat behind, together comprising a further 34%.

Among the main suppliers, the Netherlands, with a CAGR of +128.1%, saw the highest rates of growth with regard to 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 2021, the average objective lens import price amounted to $X per unit, approximately equating the previous year. Overall, the import price, however, continues to indicate a mild decline. The growth pace was the most rapid in 2013 an increase of 74%. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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