Indonesia: Objective Lens Market 2025

Objective Lens Market Size in Indonesia

The Indonesian objective lens market reduced rapidly to $X in 2021, with a decrease of -17.3% against the previous year. Over the period under review, consumption saw a deep setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Objective Lens Production in Indonesia

In value terms, objective lens production contracted sharply to $X in 2021 estimated in export price. Over the period under review, production recorded a pronounced decrease. The pace of growth was the most pronounced in 2020 with an increase of 113%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Objective Lens Exports

Exports from Indonesia

Objective lens exports from Indonesia skyrocketed to X units in 2021, increasing by 84% against 2020. Over the period under review, exports, however, continue to indicate a deep downturn. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, objective lens exports stood at $X in 2021. Overall, exports, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 65% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X units) was the main destination for objective lens exports from Indonesia, with a 47% share of total exports. Moreover, objective lens exports to Hong Kong SAR exceeded the volume sent to the second major destination, the Philippines (X units), twofold. The third position in this ranking was held by Singapore (X units), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Hong Kong SAR totaled +11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+14.3% per year) and Singapore (+30.0% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for objective lenses for cameras, projectors or photographic enlargers or reducers exports from Indonesia, comprising 66% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 9.9% share of total exports. It was followed by Ireland, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR totaled +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+6.9% per year) and Ireland (+43.9% per year).

Export Prices by Country

The average objective lens export price stood at $X per unit in 2021, declining by -44.5% against the previous year. Overall, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2019 an increase of 34% against the previous year. 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 foreign markets. In 2021, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Singapore ($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 Poland (-3.0%), while the prices for the other major destinations experienced a decline.

Objective Lens Imports

Imports into Indonesia

In 2021, overseas purchases of objective lenses for cameras, projectors or photographic enlargers or reducers were finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, saw a abrupt contraction. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, objective lens imports surged to $X in 2021. In general, imports recorded a modest expansion. The pace of growth was the most pronounced in 2016 with an increase of 52% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Singapore (X units) and Japan (X units) were the main suppliers of objective lens imports to Indonesia, together accounting for 77% of total imports. Thailand, Malaysia, Hong Kong SAR and Taiwan (Chinese) lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +38.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Thailand ($X) and China ($X) were the largest objective lens suppliers to Indonesia, together comprising 80% of total imports.

Thailand, with a CAGR of +57.8%, saw the highest rates of growth with regard to the value of imports, among 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 objective lens import price stood at $X per unit in 2021, waning by -4.3% against the previous year. Over the period under review, the import price, however, saw prominent growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 27% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Thailand ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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