Global Photo Camera Market 2024

Photo Camera Market Size

The global photo camera market shrank to $X in 2022, standing approx. at the previous year. In general, consumption posted a modest expansion. Over the period under review, the global market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Photo Camera Production

In value terms, photo camera production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 38%. Over the period under review, global production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Photo Camera Exports

Exports

In 2022, shipments abroad of photographic (other than cinematographic) cameras increased by 12% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 41%. The global exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, photo camera exports reached $X in 2022. In general, exports, however, continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2017 with an increase of 54% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the global exports remained at a lower figure.

Exports by Country

China represented the key exporting country with an export of around X units, which accounted for 40% of total exports. Thailand (X units) ranks second in terms of the total exports with an 18% share, followed by Germany (11%), the Philippines (6.8%), the Netherlands (5.3%) and Hong Kong SAR (5.2%). The United States (X units) took a minor share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of photographic (other than cinematographic) cameras. At the same time, Germany (+14.5%), Hong Kong SAR (+2.7%) and Thailand (+1.7%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing exporter exported in the world, with a CAGR of +14.5% from 2012-2022. The Netherlands experienced a relatively flat trend pattern. By contrast, the United States (-4.7%) and the Philippines (-19.4%) illustrated a downward trend over the same period. While the share of China (+11 p.p.), Germany (+8.8 p.p.), Thailand (+8 p.p.), Hong Kong SAR (+2.6 p.p.) and the Netherlands (+2.1 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the Philippines (-32.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), the United States ($X) and Hong Kong SAR ($X) were the countries with the highest levels of exports in 2022, with a combined 46% share of global exports. The Netherlands, Thailand, Germany and the Philippines lagged somewhat behind, together comprising a further 23%.

Among the main exporting countries, the Netherlands, with a CAGR of +17.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average photo camera export price stood at $X per unit in 2022, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2015 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+16.2%), while the other global leaders experienced more modest paces of growth.

Photo Camera Imports

Imports

In 2022, purchases abroad of photographic (other than cinematographic) cameras increased by 17% to X units, rising for the second consecutive year after three years of decline. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, photo camera imports surged to $X in 2022. Overall, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +44.6% against 2020 indices. The pace of growth was the most pronounced in 2015 when imports increased by 25%. Global imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, the United States (X units), distantly followed by Germany (X units), Japan (X units), the UK (X units), the Netherlands (X units) and Hong Kong SAR (X units) represented the key importers of photographic (other than cinematographic) cameras, together creating 61% of total imports. South Korea (X units), China (X units), France (X units), Cuba (X units), Canada (X units), Spain (X units) and Poland (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Poland (with a CAGR of +29.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), Hong Kong SAR ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2022, with a combined 38% share of global imports. Germany, Japan, the UK, South Korea, Poland, France, Canada, China, Spain and Cuba lagged somewhat behind, together comprising a further 27%.

Poland, with a CAGR of +29.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average photo camera import price amounted to $X per unit, growing by 5.3% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 an increase of 32% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat 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 Hong Kong SAR ($X per unit), while Cuba ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+12.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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