Eastern Europe: Mounted Objective Lens Market 2025

Mounted Objective Lens Market Size in Eastern Europe

In 2022, the East European mounted objective lens market increased by 15% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Mounted Objective Lens Production in Eastern Europe

In value terms, mounted objective lens production expanded remarkably to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 65% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Mounted Objective Lens Exports

Exports in Eastern Europe

Mounted objective lens exports shrank to X units in 2022, which is down by -10.4% against 2021 figures. In general, exports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2017 when exports increased by 101% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, mounted objective lens exports shrank notably to $X in 2022. Overall, exports, however, continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 53% against the previous year. The level of export peaked at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

Poland (X units) and Hungary (X units) represented roughly 58% of total exports in 2022. Slovakia (X units) ranks next in terms of the total exports with a 16% share, followed by the Czech Republic (14%) and Belarus (7.7%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Hungary (with a CAGR of +51.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest mounted objective lens supplying countries in Eastern Europe were Poland ($X), Hungary ($X) and Slovakia ($X), together accounting for 72% of total exports.

Among the main exporting countries, Hungary, with a CAGR of +39.2%, recorded the highest growth rate of 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 Eastern Europe stood at $X per unit in 2022, with a decrease of -11.5% against the previous year. Overall, the export price showed a noticeable slump. The most prominent rate of growth was recorded in 2019 when the export price increased by 106%. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (-0.0%), while the other leaders experienced a decline in the export price figures.

Mounted Objective Lens Imports

Imports in Eastern Europe

Mounted objective lens imports expanded notably to X units in 2022, with an increase of 13% on 2021 figures. Total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +12.1% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 96%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, mounted objective lens imports rose slightly to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +115.4% against 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of 33% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Hungary (X units) and Poland (X units) represented roughly 60% of total imports in 2022. Russia (X units) ranks next in terms of the total imports with a 12% share, followed by the Czech Republic (10%), Romania (8.5%) and Slovakia (5.5%). Lithuania (X units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Hungary (with a CAGR of +40.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Hungary ($X) and Romania ($X) were the countries with the highest levels of imports in 2022, with a combined 68% share of total imports.

In terms of the main importing countries, Hungary, with a CAGR of +34.0%, saw the highest growth rate of 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 2022, the import price in Eastern Europe amounted to $X per unit, with a decrease of -8.1% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by 26% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+5.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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