Malaysia: Objective Lens Market 2025

Objective Lens Market Size in Malaysia

The Malaysian objective lens market fell sharply to $X in 2021, shrinking by -75% against the previous year. Over the period under review, consumption recorded a abrupt downturn. Objective lens consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Objective Lens Production in Malaysia

In value terms, objective lens production surged to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt decline. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Objective Lens Exports

Exports from Malaysia

In 2021, after three years of decline, there was significant growth in shipments abroad of objective lenses for cameras, projectors or photographic enlargers or reducers, when their volume increased by 43% to X units. Overall, exports, however, saw a perceptible decrease. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, objective lens exports skyrocketed to $X in 2021. In general, exports, however, saw a pronounced contraction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X units) was the main destination for objective lens exports from Malaysia, with a 21% share of total exports. Moreover, objective lens exports to the Netherlands exceeded the volume sent to the second major destination, China (X units), twofold. The United States (X units) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-0.9% per year) and the United States (-14.0% per year).

In value terms, the largest markets for objective lens exported from Malaysia were the United States ($X), Singapore ($X) and the Netherlands ($X), together accounting for 46% of total exports. China, Germany, the United Arab Emirates, Mexico, Japan, Taiwan (Chinese), Canada, South Korea and Indonesia lagged somewhat behind, together accounting for a further 32%.

Among the main countries of destination, Mexico, with a CAGR of +23.8%, 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, surging by 2.1% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 9.2% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per unit), while the average price for exports to Indonesia ($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 Japan (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Objective Lens Imports

Imports into Malaysia

In 2021, after three years of growth, there was significant decline in purchases abroad of objective lenses for cameras, projectors or photographic enlargers or reducers, when their volume decreased by -7.8% to X units. In general, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2018 when imports increased by 112%. 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 reduced markedly to $X in 2021. Overall, imports saw a slight decline. The pace of growth was the most pronounced in 2018 with an increase of 121% against the previous year. Imports peaked at $X in 2020, and then contracted dramatically in the following year.

Imports by Country

Singapore (X units), China (X units) and Thailand (X units) were the main suppliers of objective lens imports to Malaysia, together accounting for 92% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +34.5%), while imports for the other leaders experienced a decline.

In value terms, Singapore ($X) constituted the largest supplier of objective lenses for cameras, projectors or photographic enlargers or reducers to Malaysia, comprising 65% of total imports. The second position in the ranking was held by China ($X), with an 8% share of total imports. It was followed by Hong Kong SAR, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Singapore totaled +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.6% per year) and Hong Kong SAR (-8.1% per year).

Import Prices by Country

In 2021, the average objective lens import price amounted to $X per unit, reducing by -11% against the previous year. Overall, the import price, however, posted a tangible increase. The pace of growth appeared the most rapid in 2017 an increase of 78%. 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, the country with the highest price was Hong Kong SAR ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :