Israel: Objective Lens Market 2025

Objective Lens Market Size in Israel

The Israeli objective lens market skyrocketed to $X in 2021, picking up by 41% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +48.2% against 2019 indices. Objective lens consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Objective Lens Exports

Exports from Israel

In 2021, shipments abroad of objective lenses for cameras, projectors or photographic enlargers or reducers was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, total exports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -22.8% against 2018 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 82%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, objective lens exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 97%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units), Denmark (X units) and Slovenia (X units) were the main destinations of objective lens exports from Israel, together accounting for 50% of total exports.

From 2012 to 2021, the biggest increases were recorded for Slovenia (with a CAGR of +421.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for objective lens exported from Israel were the United States ($X), Denmark ($X) and Slovenia ($X), with a combined 50% share of total exports.

Among the main countries of destination, Slovenia, with a CAGR of +478.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average objective lens export price amounted to $X per unit, increasing by 18% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +4.3% 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 2017 when the average export price increased by 47%. The export price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2021, the countries with the highest prices were France ($X per unit) and India ($X per unit), while the average price for exports to Latvia ($X per unit) and Belgium ($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 Slovenia (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Objective Lens Imports

Imports into Israel

After three years of decline, purchases abroad of objective lenses for cameras, projectors or photographic enlargers or reducers increased by 23% to X units in 2021. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 with an increase of 57%. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, objective lens imports skyrocketed to $X in 2021. In general, total imports indicated buoyant growth from 2012 to 2021: its value 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Japan (X units) and the United States (X units) were the main suppliers of objective lens imports to Israel, together comprising 62% of total imports. These countries were followed by Hong Kong SAR, Germany, Georgia, Thailand, Singapore, the Netherlands, Taiwan (Chinese) and the United Arab Emirates, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +1,917.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and the United States ($X) were the largest objective lens suppliers to Israel, together comprising 63% of total imports. Hong Kong SAR, Germany, Georgia, Thailand, Singapore, the Netherlands, Taiwan (Chinese) and the United Arab Emirates lagged somewhat behind, together accounting for a further 30%.

The United Arab Emirates, with a CAGR of +3,119.8%, 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 objective lens import price stood at $X per unit in 2021, with an increase of 11% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +4.1% 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 import price increased by +72.6% against 2015 indices. The pace of growth appeared the most rapid in 2018 an increase of 25%. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Singapore ($X per unit) and Taiwan (Chinese) ($X per unit), while the price for the United Arab Emirates ($X per unit) and Hong Kong SAR ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+59.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :