Hong Kong SAR, China: Objective Lens Market 2025

Objective Lens Market Size in Hong Kong SAR, China

In 2021, the Hong Kong objective lens market decreased by -17.9% to $X, falling for the second consecutive year after two years of growth. In general, consumption continues to indicate a slight downturn. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Objective Lens Exports

Exports from Hong Kong SAR, China

In 2021, approx. X units of objective lenses for cameras, projectors or photographic enlargers or reducers were exported from Hong Kong SAR; growing by 22% against the previous year. In general, exports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of 139% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, objective lens exports soared to $X in 2021. Over the period under review, exports, however, saw a deep setback. The growth pace was the most rapid in 2018 when exports increased by 203%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

China (X units), the United States (X units) and the Netherlands (X units) were the main destinations of objective lens exports from Hong Kong SAR, together accounting for 62% of total exports. Japan, Germany, Taiwan (Chinese), Israel, Australia, Switzerland, the UK, Malaysia and Thailand lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +15.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, China ($X), the United States ($X) and the Netherlands ($X) constituted the largest markets for objective lens exported from Hong Kong SAR worldwide, together accounting for 62% of total exports. These countries were followed by Japan, Germany, Taiwan (Chinese), Israel, Australia, Switzerland, the UK, Malaysia and Thailand, which together accounted for a further 26%.

Among the main countries of destination, the UK, with a CAGR of +23.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average objective lens export price stood at $X per unit in 2021, picking up by 17% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, objective lens export price increased by +8.7% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 27%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2021, the highest price was recorded for prices to Thailand ($X per unit) and Switzerland ($X per unit), while the average price for exports to Australia ($X per unit) and Israel ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Objective Lens Imports

Imports into Hong Kong SAR, China

In 2021, purchases abroad of objective lenses for cameras, projectors or photographic enlargers or reducers decreased by -8.4% to X units, falling for the second consecutive year after four years of growth. Overall, imports showed a deep contraction. The growth pace was the most rapid in 2018 when imports increased by 136%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, objective lens imports expanded markedly to $X in 2021. Over the period under review, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 194% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), the United Arab Emirates (X units) and Singapore (X units) were the main suppliers of objective lens imports to Hong Kong SAR, with a combined 64% share of total imports. Japan, Australia, Vietnam, the United States, Indonesia, Thailand, Taiwan (Chinese) and South Korea lagged somewhat behind, together comprising a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of +47.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of objective lenses for cameras, projectors or photographic enlargers or reducers to Hong Kong SAR, comprising 35% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 16% share of total imports. It was followed by Singapore, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+12.0% per year) and Singapore (+0.5% per year).

Import Prices by Country

The average objective lens import price stood at $X per unit in 2021, jumping by 15% against the previous year. Over the last nine years, it increased at an average annual rate of +4.4%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 25% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from South Korea ($X per unit) and Indonesia ($X per unit), while the price for the United Arab Emirates ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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