Latvia: Objective Lens Market 2020

Objective Lens Market Size in Latvia

The revenue of the objective lens market in Latvia amounted to $X in 2018, picking up by X% against the previous year. Overall, objective lens consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the market value increased by X% year-to-year. Latvia objective lens consumption peaked at $X in 2013; however, from 2014 to 2018, consumption remained at a lower figure.

Objective Lens Production in Latvia

In value terms, objective lens production stood at $X in 2018 estimated in export prices. In general, the total output indicated a resilient increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, objective lens production increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. In that year, objective lens production reached its peak level and is likely to continue its growth in the immediate term.

Objective Lens Exports

Exports from Latvia

In 2018, approx. X units of objective lenses for cameras, projectors or photographic enlargers or reducers were exported from Latvia; lowering by -X% against the previous year. Over the period under review, objective lens exports continue to indicate a drastic contraction. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, objective lens exports reached their maximum at X units in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

In value terms, objective lens exports stood at $X in 2018. In general, objective lens exports continue to indicate a prominent increase. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. In that year, objective lens exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

In 2018, China (X units) and Japan (X units) were the main exporters of objective lenses for cameras, projectors or photographic enlargers or reducersacross the globe, together reaching near X% of total exports. Taiwan, Chinese (X units) held a X% share (based on tons) of total exports, which put it in second place, followed by Malaysia (X%), the Netherlands (X%) and Germany (X%). The Philippines (X units), Thailand (X units) and South Korea (X units) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Malaysia, while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the largest objective lens supplier from Latvia, comprising X% of global exports. The second position in the ranking was occupied by China ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

In Japan, objective lens exports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: China (-X% per year) and Germany (+X% per year).

Export Prices by Country

The objective lens export price in Latvia stood at $X per unit in 2018, jumping by X% against the previous year. Overall, the objective lens export price continues to indicate outstanding growth. The most prominent rate of growth was recorded in 2018 when the export price increased by X% y-o-y. In that year, the export prices for objective lenses for cameras, projectors or photographic enlargers or reducers attained their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Thailand ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Thailand, while the other leaders experienced more modest paces of growth.

Objective Lens Imports

Imports into Latvia

In 2018, the amount of objective lenses for cameras, projectors or photographic enlargers or reducers imported into Latvia totaled X units, declining by -X% against the previous year. Overall, objective lens imports continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. Over the period under review, objective lens imports attained their peak figure at X units in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

In value terms, objective lens imports totaled $X in 2018. Overall, objective lens imports continue to indicate resilient growth. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, objective lens imports reached their peak figure at $X in 2016; however, from 2017 to 2018, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of objective lens imports in 2018 were the U.S. (X units), China, Hong Kong SAR (X units), Malaysia (X units), China (X units), the Netherlands (X units), Germany (X units) and Japan (X units), together accounting for X% of total import. The following importers - the Philippines (X units), the UK (X units), Thailand (X units), France (X units) and Australia (X units) - each amounted to a X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Malaysia, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), China ($X) and Germany ($X) were the countries with the highest levels of imports in 2018, together comprising X% of total imports.

Germany experienced the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the objective lens import price in Latvia amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price indicated a buoyant increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, objective lens import price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2014 an increase of X% y-o-y. Over the period under review, the import prices for objective lenses for cameras, projectors or photographic enlargers or reducers attained their maximum in 2018 and is expected to retain its growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was Australia ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Australia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform