Eastern Europe: Objective Lens Market 2025

Objective Lens Market Size in Eastern Europe

For the third consecutive year, the East European objective lens market recorded growth in sales value, which increased by 40% to $X in 2021. The total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +48.3% against 2017 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Objective Lens Production in Eastern Europe

In value terms, objective lens production declined sharply to $X in 2021 estimated in export price. Over the period under review, production saw a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 106% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Objective Lens Exports

Exports in Eastern Europe

Objective lens exports skyrocketed to X units in 2021, picking up by 22% against the previous year. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 274% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, objective lens exports expanded significantly to $X in 2021. Overall, exports saw prominent growth. The growth pace was the most rapid in 2019 with an increase of 65%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The shipments of the four major exporters of objective lenses for cameras, projectors or photographic enlargers or reducers, namely Poland, Hungary, the Czech Republic and Slovakia, represented more than two-thirds of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Hungary (with a CAGR of +77.6%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Slovakia ($X) and Hungary ($X) were the countries with the highest levels of exports in 2021, with a combined 79% share of total exports.

Hungary, with a CAGR of +41.5%, recorded the highest growth rate of the value of exports, among the main exporting countries 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 2021, reducing by -6.3% against the previous year. Over the period under review, the export price showed a abrupt slump. The growth pace was the most rapid in 2019 an increase of 108% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Slovakia ($X per unit), while Hungary ($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 (-13.1%), while the other leaders experienced a decline in the export price figures.

Objective Lens Imports

Imports in Eastern Europe

For the fifth consecutive year, Eastern Europe recorded growth in overseas purchases of objective lenses for cameras, projectors or photographic enlargers or reducers, which increased by 51% to X units in 2021. In general, imports posted a significant expansion. The growth pace was the most rapid in 2017 with an increase of 98% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, objective lens imports soared to $X in 2021. Over the period under review, imports showed resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 40%. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

Imports by Country

Poland represented the main importing country with an import of around X units, which accounted for 36% of total imports. It was distantly followed by Hungary (X units), the Czech Republic (X units), Romania (X units), Slovakia (X units) and Russia (X units), together creating a 61% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +54.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest objective lens importing markets in Eastern Europe were Poland ($X), Hungary ($X) and Russia ($X), together accounting for 66% of total imports.

Hungary, with a CAGR of +37.9%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per unit, dropping by -14.2% against the previous year. In general, the import price continues to indicate a deep setback. The growth pace was the most rapid in 2019 when the import price increased by 15% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-5.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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