Dominican Republic: Mounted Objective Lens Market 2024

Mounted Objective Lens Market Size in the Dominican Republic

The Dominican mounted objective lens market fell to $X in 2022, with a decrease of -2.9% against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Mounted Objective Lens Production in the Dominican Republic

In value terms, mounted objective lens production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when the production volume increased by 32%. Mounted objective lens production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Mounted Objective Lens Exports

Exports from the Dominican Republic

In 2022, mounted objective lens exports from the Dominican Republic soared to X units, with an increase of 97% compared with the previous year. In general, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 904% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, mounted objective lens exports fell to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 1,055% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for mounted objective lens exports from the Dominican Republic, accounting for a 14% share of total exports. Moreover, mounted objective lens exports to France exceeded the volume sent to the second major destination, the United States (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to France was relatively modest.

In value terms, the United States ($X) emerged as the key foreign market for mounted objective lenses exports from the Dominican Republic, comprising 39% of total exports. The second position in the ranking was taken by France ($X), with a 6.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -7.5%.

Export Prices by Country

The average mounted objective lens export price stood at $X per unit in 2021, with a decrease of -33.4% against the previous year. Over the period under review, the export price saw a slight slump. The pace of growth appeared the most rapid in 2015 when the average export price increased by 143%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 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 the United States ($X per unit), while the average price for exports to France stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+52.5%), while the prices for the other major destinations experienced mixed trend patterns.

Mounted Objective Lens Imports

Imports into the Dominican Republic

For the third consecutive year, the Dominican Republic recorded decline in supplies from abroad of mounted objective lenses, which decreased by -30% to X units in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 623% against the previous year. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, mounted objective lens imports fell significantly to $X in 2022. In general, imports showed a pronounced contraction. The most prominent rate of growth was recorded in 2016 with an increase of 383% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X units) constituted the largest mounted objective lens supplier to the Dominican Republic, accounting for a 7.7% share of total imports. Moreover, mounted objective lens imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by India (X units), with a 0.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.3% per year) and India (+20.9% per year).

In value terms, the largest mounted objective lens suppliers to the Dominican Republic were China ($X), the United States ($X) and India ($X), with a combined 53% share of total imports.

Among the main suppliers, the United States, with a CAGR of +2.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average mounted objective lens import price stood at $X per unit in 2021, surging by 147% against the previous year. Overall, the import price, however, showed a slight reduction. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Costa Rica (+209.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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