EU: Objective Lens Market 2025

Objective Lens Market Size in the EU

In 2021, the EU objective lens market increased by 64% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.4% 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 +115.5% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Objective Lens Production in the EU

In value terms, objective lens production rose significantly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt contraction. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Objective Lens Exports

Exports in the EU

In 2021, overseas shipments of objective lenses for cameras, projectors or photographic enlargers or reducers increased by 60% to X units, rising for the third consecutive year after four years of decline. Over the period under review, exports showed a buoyant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 81% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, objective lens exports soared to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2012; afterwards, it flattened through to 2021.

Exports by Country

In 2021, the Netherlands (X units) represented the main exporter of objective lenses for cameras, projectors or photographic enlargers or reducers, achieving 44% of total exports. It was distantly followed by Germany (X units) and Poland (X units), together constituting a 27% share of total exports. Hungary (X units), France (X units), Sweden (X units), the Czech Republic (X units), Spain (X units), Italy (X units), Slovakia (X units) and Belgium (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +77.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest objective lens supplying countries in the European Union were the Netherlands ($X), Germany ($X) and Poland ($X), together accounting for 78% of total exports. These countries were followed by France, Sweden, Slovakia, Spain, Italy, Hungary, the Czech Republic and Belgium, which together accounted for a further 18%.

Hungary, with a CAGR of +41.5%, recorded the highest growth rate of the value of exports, in terms of 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 the European Union stood at $X per unit in 2021, reducing by -21.1% against the previous year. Overall, the export price continues to indicate a abrupt decline. The growth pace was the most rapid in 2013 when the export price increased by 19% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-4.6%), while the other leaders experienced a decline in the export price figures.

Objective Lens Imports

Imports in the EU

For the third year in a row, the European Union recorded growth in overseas purchases of objective lenses for cameras, projectors or photographic enlargers or reducers, which increased by 83% to X units in 2021. In general, imports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of 89% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, objective lens imports skyrocketed to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The level of import peaked at $X in 2012; afterwards, it flattened through to 2021.

Imports by Country

The Netherlands represented the major importing country with an import of about X units, which resulted at 44% of total imports. Germany (X units) held an 18% share (based on physical terms) of total imports, which put it in second place, followed by Poland (6.4%) and Spain (4.5%). France (X units), Hungary (X units), Italy (X units), Sweden (X units), the Czech Republic (X units), Belgium (X units) and Romania (X units) took a relatively small share of total imports.

Imports into the Netherlands increased at an average annual rate of +17.4% from 2012 to 2021. At the same time, Hungary (+54.3%), Romania (+34.4%), Poland (+34.1%), the Czech Republic (+26.2%), Spain (+16.3%), Sweden (+12.3%), Germany (+12.3%), France (+8.8%), Belgium (+4.7%) and Italy (+3.0%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in the European Union, with a CAGR of +54.3% from 2012-2021. While the share of the Netherlands (+7.1 p.p.), Poland (+4.8 p.p.), Hungary (+3.4 p.p.) and the Czech Republic (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Belgium (-2.6 p.p.), France (-2.9 p.p.), Germany (-4.6 p.p.) and Italy (-5.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest objective lens importing markets in the European Union were Germany ($X), the Netherlands ($X) and France ($X), with a combined 63% share of total imports. Poland, Sweden, Hungary, Italy, Spain, the Czech Republic, Romania and Belgium lagged somewhat behind, together accounting for a further 28%.

In terms of the main importing countries, Hungary, with a CAGR of +37.9%, recorded 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 2021, the import price in the European Union amounted to $X per unit, shrinking by -31% against the previous year. In general, the import price saw a abrupt setback. The growth pace was the most rapid in 2018 an increase of 10% against the previous year. Over the period under review, import prices attained the peak figure 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 importing countries. In 2021, the country with the highest price was Germany ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-2.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :