Denmark: Mounted Objective Lens Market 2024

Mounted Objective Lens Market Size in Denmark

The Danish mounted objective lens market skyrocketed to $X in 2022, rising by 283% against the previous year. Over the period under review, consumption recorded a resilient increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Mounted Objective Lens Production in Denmark

In value terms, mounted objective lens production dropped to $X in 2022 estimated in export price. Overall, production showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2016 when the production volume increased by 1,855%. Mounted objective lens production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Mounted Objective Lens Exports

Exports from Denmark

In 2022, overseas shipments of mounted objective lenses decreased by -29.7% to X units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed a tangible increase. The pace of growth was the most pronounced in 2015 with an increase of 159%. Over the period under review, the exports attained the peak figure at X units in 2021, and then shrank remarkably in the following year.

In value terms, mounted objective lens exports contracted notably to $X in 2022. Over the period under review, exports, however, continue to indicate a modest increase. The pace of growth appeared the most rapid in 2021 when exports increased by 64%. As a result, the exports attained the peak of $X, and then shrank rapidly in the following year.

Exports by Country

Poland (X units) was the main destination for mounted objective lens exports from Denmark, accounting for a 20% share of total exports. Moreover, mounted objective lens exports to Poland exceeded the volume sent to the second major destination, Sweden (X units), fivefold. France (X units) ranked third in terms of total exports with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume to Poland totaled +66.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+23.6% per year) and France (+43.4% per year).

In value terms, France ($X) emerged as the key foreign market for mounted objective lenses exports from Denmark, comprising 42% of total exports. The second position in the ranking was taken by Sweden ($X), with a 19% share of total exports. It was followed by Norway, with a 16% share.

From 2012 to 2021, the average annual growth rate of value to France stood at +35.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+13.2% per year) and Norway (-0.0% per year).

Export Prices by Country

The average mounted objective lens export price stood at $X per unit in 2021, increasing by 21% against the previous year. Over the period under review, the export price, however, saw a perceptible curtailment. The pace of growth appeared the most rapid in 2016 an increase of 184% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Poland ($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 United States (+0.9%), while the prices for the other major destinations experienced a decline.

Mounted Objective Lens Imports

Imports into Denmark

In 2022, approx. X units of mounted objective lenses were imported into Denmark; jumping by 216% against the previous year. Overall, imports recorded resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, mounted objective lens imports fell to $X in 2022. Over the period under review, imports, however, showed a mild contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 54% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest mounted objective lens supplier to Denmark, accounting for a 19% share of total imports. Moreover, mounted objective lens imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The Netherlands (X units) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +62.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.3% per year) and the Netherlands (+40.0% per year).

In value terms, the largest mounted objective lens suppliers to Denmark were the Netherlands ($X), Germany ($X) and Sweden ($X), together accounting for 61% of total imports. Japan, the United States, China, the UK, Poland and Italy lagged somewhat behind, together comprising a further 24%.

Italy, with a CAGR of +89.4%, saw the highest rates of growth with regard to 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

In 2021, the average mounted objective lens import price amounted to $X per unit, growing by 78% against the previous year. Overall, the import price, however, continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2019 an increase of 172%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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