Indonesia: Mounted Objective Lens Market 2024

Mounted Objective Lens Market Size in Indonesia

The Indonesian mounted objective lens market reduced notably to $X in 2022, which is down by -35.7% against the previous year. Overall, consumption recorded a noticeable downturn. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Mounted Objective Lens Production in Indonesia

In value terms, mounted objective lens production declined modestly to $X in 2022 estimated in export price. In general, the total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.0% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 49%. Mounted objective lens production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Mounted Objective Lens Exports

Exports from Indonesia

In 2022, overseas shipments of mounted objective lenses increased by 412% to X units, rising for the second year in a row after two years of decline. In general, exports enjoyed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, mounted objective lens exports surged to $X in 2022. Overall, exports showed a mild increase. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X units), the Philippines (X units) and Ireland (X units) were the main destinations of mounted objective lens exports from Indonesia, with a combined 4.5% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of +42.7%), while the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) remains the key foreign market for mounted objective lenses exports from Indonesia, comprising 68% of total exports. The second position in the ranking was held by the Philippines ($X), with a 10% share of total exports. It was followed by Ireland, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+3.3% per year) and Ireland (+39.1% per year).

Export Prices by Country

In 2021, the average mounted objective lens export price amounted to $X per unit, shrinking by -62.3% against the previous year. In general, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2019 when the average export price increased by 32%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to the Philippines ($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 China (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Mounted Objective Lens Imports

Imports into Indonesia

In 2022, overseas purchases of mounted objective lenses increased by 53% to X units, rising for the second year in a row after three years of decline. Overall, imports, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 55%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, mounted objective lens imports surged to $X in 2022. In general, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 +119.0% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 52%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

Thailand (X units), Singapore (X units) and China (X units) were the main suppliers of mounted objective lens imports to Indonesia, with a combined 12% share of total imports. Japan, the Philippines, Taiwan (Chinese) and Malaysia lagged somewhat behind, together comprising a further 4.1%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +25.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), China ($X) and Thailand ($X) were the largest mounted objective lens suppliers to Indonesia, with a combined 79% share of total imports. Japan, Malaysia, Taiwan (Chinese) and the Philippines lagged somewhat behind, together accounting for a further 15%.

Japan, with a CAGR of +10.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, which is down by -2% against the previous year. Over the period under review, the import price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 an increase of 82%. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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 Singapore ($X per unit), while the price for the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :