MERCOSUR: Mounted Objective Lens Market 2024

Mounted Objective Lens Exports

Exports in MERCOSUR

In 2022, shipments abroad of mounted objective lenses decreased by -0.6% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 165%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mounted objective lens exports rose significantly to $X in 2022. Over the period under review, exports, however, posted noticeable growth. The growth pace was the most rapid in 2015 when exports increased by 77% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Chile (X units), distantly followed by Peru (X units), Colombia (X units) and Brazil (X units) represented the key exporters of mounted objective lenses, together generating 94% of total exports. The following exporters - Ecuador (X units) and Uruguay (X units) - each resulted at a 3.4% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Peru (with a CAGR of +22.4%), while the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Brazil ($X) and Colombia ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 78% share of total exports. Peru, Uruguay and Ecuador lagged somewhat behind, together accounting for a further 19%.

Peru, with a CAGR of +13.6%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per unit, picking up by 12% against the previous year. In general, the export price, however, recorded a noticeable decline. The pace of growth was the most pronounced in 2014 when the export price increased by 41% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Peru ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+5.6%), while the other leaders experienced mixed trends in the export price figures.

Mounted Objective Lens Imports

Imports in MERCOSUR

Mounted objective lens imports shrank notably to X units in 2022, waning by -19.1% compared with the year before. Total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 32% against the previous year. The volume of import peaked at X units in 2021, and then contracted markedly in the following year.

In value terms, mounted objective lens imports dropped to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X units) represented the key importer of mounted objective lenses, committing 49% of total imports. It was distantly followed by Peru (X units), Chile (X units), Paraguay (X units) and Argentina (X units), together mixing up a 42% share of total imports. Colombia (X units) and Ecuador (X units) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to mounted objective lens imports into Brazil stood at +6.4%. At the same time, Ecuador (+23.3%), Peru (+13.0%), Paraguay (+8.5%) and Chile (+1.8%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +23.3% from 2012-2022. Colombia experienced a relatively flat trend pattern. By contrast, Argentina (-10.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Peru, Brazil, Paraguay and Ecuador increased by +9.7, +9.7, +2.6 and +2.3 percentage points, respectively.

In value terms, Brazil ($X) constitutes the largest market for imported mounted objective lenses in MERCOSUR, comprising 36% of total imports. The second position in the ranking was held by Paraguay ($X), with a 16% share of total imports. It was followed by Chile, with a 15% share.

In Brazil, mounted objective lens imports contracted by an average annual rate of -1.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Paraguay (+17.4% per year) and Chile (-0.8% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per unit, rising by 13% against the previous year. In general, the import price, however, saw a noticeable shrinkage. The growth pace was the most rapid in 2021 an increase of 17% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ecuador ($X per unit), while Peru ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+8.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform