France: Mounted Objective Lens Market 2024

Mounted Objective Lens Market Size in France

In 2022, the French mounted objective lens market increased by 12% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, showed a pronounced reduction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Mounted Objective Lens Production in France

In value terms, mounted objective lens production declined remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when the production volume increased by 1,614% against the previous year. As a result, production attained the peak level of $X, and then shrank rapidly in the following year.

Mounted Objective Lens Exports

Exports from France

In 2022, overseas shipments of mounted objective lenses decreased by -32% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 74%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, mounted objective lens exports reduced to $X in 2022. Overall, exports, however, recorded tangible growth. The growth pace was the most rapid in 2021 with an increase of 60% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units), Spain (X units) and Belgium (X units) were the main destinations of mounted objective lens exports from France, with a combined 10% share of total exports. The UK, the United States, Poland, Italy, the Netherlands, Switzerland, Hong Kong SAR, Slovakia, Japan and Singapore lagged somewhat behind, together comprising a further 9.8%.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +73.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and the UK ($X) appeared to be the largest markets for mounted objective lens exported from France worldwide, together accounting for 41% of total exports. Hong Kong SAR, Italy, Poland, Spain, Belgium, the Netherlands, Switzerland, Slovakia, Japan and Singapore lagged somewhat behind, together comprising a further 48%.

Slovakia, with a CAGR of +90.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mounted objective lens export price stood at $X per unit in 2021, rising by 17% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 81% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Japan ($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 Hong Kong SAR (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Mounted Objective Lens Imports

Imports into France

In 2022, the amount of mounted objective lenses imported into France fell slightly to X units, remaining constant against 2021 figures. In general, imports continue to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 19%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, mounted objective lens imports fell to $X in 2022. Over the period under review, imports saw a mild decline. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X units), Germany (X units) and Japan (X units) were the main suppliers of mounted objective lens imports to France, together accounting for 12% of total imports. China, Spain, Poland, Italy, the United States and Thailand lagged somewhat behind, together accounting for a further 2.2%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +112.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Japan ($X) constituted the largest mounted objective lens suppliers to France, with a combined 81% share of total imports. Spain, China, Italy, Poland, the United States and Thailand lagged somewhat behind, together comprising a further 11%.

Among the main suppliers, Spain, with a CAGR of +136.6%, 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

The average mounted objective lens import price stood at $X per unit in 2021, jumping by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2018 when the average import price increased by 44% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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