Peru: Mounted Objective Lens Market 2024

Mounted Objective Lens Market Size in Peru

The Peruvian mounted objective lens market amounted to $X in 2022, almost unchanged from 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, consumption continues to indicate strong growth. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Mounted Objective Lens Exports

Exports from Peru

Mounted objective lens exports from Peru declined to X units in 2022, reducing by -3.7% compared with 2021. Overall, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 388%. Over the period under review, the exports attained the peak figure at X units in 2021, and then declined in the following year.

In value terms, mounted objective lens exports soared to $X in 2022. Over the period under review, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 368%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X units) was the main destination for mounted objective lens exports from Peru, accounting for a 0.4% share of total exports. Moreover, mounted objective lens exports to Colombia exceeded the volume sent to the second major destination, the United States (X units), twofold. Costa Rica (X units) ranked third in terms of total exports with a 0.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Colombia stood at +44.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-12.0% per year) and Costa Rica (+10.7% per year).

In value terms, Colombia ($X) remains the key foreign market for mounted objective lenses exports from Peru, comprising 17% of total exports. The second position in the ranking was taken by the United States ($X), with a 4.8% share of total exports. It was followed by Chile, with a 0.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Colombia totaled +111.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-9.8% per year) and Chile (+4.3% per year).

Export Prices by Country

The average mounted objective lens export price stood at $X per unit in 2021, dropping by -36.3% against the previous year. In general, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of 51%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Colombia ($X per unit), while the average price for exports to Costa Rica ($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 Colombia (+40.9%), while the prices for the other major destinations experienced more modest paces of growth.

Mounted Objective Lens Imports

Imports into Peru

In 2022, the amount of mounted objective lenses imported into Peru totaled X units, picking up by 3.4% on 2021. Over the period under review, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 133%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, mounted objective lens imports dropped to $X in 2022. Overall, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +3.2% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 33%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Malaysia (X units), Japan (X units) and China (X units) were the main suppliers of mounted objective lens imports to Peru, together accounting for 1.6% of total imports. Thailand, the United States, South Korea and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 0.6%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +18.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest mounted objective lens suppliers to Peru were Malaysia ($X), Japan ($X) and Thailand ($X), together comprising 36% of total imports.

Thailand, with a CAGR of +27.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average mounted objective lens import price stood at $X per unit in 2021, with a decrease of -52.3% against the previous year. Overall, the import price recorded a deep contraction. The pace of growth appeared the most rapid in 2013 an increase of 19% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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