Malaysia: Mounted Lens Market 2025

Mounted Lens Market Size in Malaysia

The Malaysian mounted lens market declined rapidly to $X in 2022, with a decrease of -92.2% against the previous year. Over the period under review, consumption faced a sharp shrinkage. The pace of growth was the most pronounced in 2021 with a decrease of -12.1%. Mounted lens consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Mounted Lens Production in Malaysia

In value terms, mounted lens production contracted notably to $X in 2022 estimated in export price. Overall, production, however, faced a significant decrease. The most prominent rate of growth was recorded in 2021 with a decrease of -23.2% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Mounted Lens Exports

Exports from Malaysia

For the eleventh consecutive year, Malaysia recorded growth in shipments abroad of mounted lenses, prisms and mirrors, which increased by 40% to X units in 2022. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2021 when exports increased by 53%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, mounted lens exports reduced to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand (X units), Singapore (X units) and Japan (X units) were the main destinations of mounted lens exports from Malaysia, with a combined 66% share of total exports. Indonesia, the Philippines, the United States and China lagged somewhat behind, together accounting for a further 28%.

From 2020 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +1,646.4%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Singapore ($X) and Japan ($X) were the largest markets for mounted lens exported from Malaysia worldwide, together accounting for 64% of total exports. Indonesia, the Philippines, the United States and China lagged somewhat behind, together comprising a further 27%.

The Philippines, with a CAGR of +577.3%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mounted lens export price stood at $X per unit in 2022, dropping by -33.6% against the previous year. Overall, the export price faced a dramatic decrease. The pace of growth was the most pronounced in 2021 a decrease of -24.2% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Thailand ($X per unit) and Japan ($X per unit), while the average price for exports to the United States ($X per unit) and China ($X per unit) were amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-28.1%), while the prices for the other major destinations experienced a decline.

Mounted Lens Imports

Imports into Malaysia

Mounted lens imports into Malaysia contracted sharply to X units in 2022, with a decrease of -17.8% against the previous year. In general, imports recorded a precipitous contraction. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, mounted lens imports contracted to $X in 2022. Overall, imports, however, continue to indicate mild growth. The most prominent rate of growth was recorded in 2016 when imports increased by 103%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Thailand (X units), Taiwan (Chinese) (X units) and Vietnam (X units) were the main suppliers of mounted lens imports to Malaysia, with a combined 52% share of total imports.

From 2020 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +108.9%), while purchases for the other leaders experienced a decline.

In value terms, Thailand ($X), Taiwan (Chinese) ($X) and Vietnam ($X) appeared to be the largest mounted lens suppliers to Malaysia, with a combined 52% share of total imports.

Thailand, with a CAGR of +185.8%, saw 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

In 2022, the average mounted lens import price amounted to $X per unit, rising by 6% against the previous year. Overall, import price indicated a significant expansion from 2020 to 2022: its price increased at an average annual rate of +35.6% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mounted lens import price increased by +83.9% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 73%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+36.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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