Portugal: Mounted Objective Lens Market 2025

Mounted Objective Lens Market Size in Portugal

In 2022, the Portuguese mounted objective lens market decreased by -1.4% to $X, falling for the second year in a row after two years of growth. In general, consumption saw prominent growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Mounted Objective Lens Production in Portugal

In value terms, mounted objective lens production expanded to $X in 2022 estimated in export price. Overall, production saw a pronounced contraction. The growth pace was the most rapid in 2019 when the production volume increased by 11% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Mounted Objective Lens Exports

Exports from Portugal

In 2022, overseas shipments of mounted objective lenses increased by 28% to X units, rising for the second consecutive year after two years of decline. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 69% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, mounted objective lens exports rose markedly to $X in 2022. In general, exports showed a tangible expansion. The pace of growth was the most pronounced in 2021 when exports increased by 102% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

Germany (X units) was the main destination for mounted objective lens exports from Portugal, accounting for a 43% share of total exports. Moreover, mounted objective lens exports to Germany exceeded the volume sent to the second major destination, the UK (X units), fivefold. The third position in this ranking was held by France (X units), with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+212.6% per year) and France (+72.5% per year).

In value terms, Germany ($X) remains the key foreign market for mounted objective lenses exports from Portugal, comprising 76% of total exports. The second position in the ranking was taken by France ($X), with an 11% share of total exports. It was followed by Hong Kong SAR, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+51.6% per year) and Hong Kong SAR (+29.6% per year).

Export Prices by Country

In 2021, the average mounted objective lens export price amounted to $X per unit, growing by 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to the UK ($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 the United Arab Emirates (-5.2%), while the prices for the other major destinations experienced a decline.

Mounted Objective Lens Imports

Imports into Portugal

In 2022, imports of mounted objective lenses into Portugal skyrocketed to X units, with an increase of 35% on the year before. Overall, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 46% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, mounted objective lens imports shrank to $X in 2022. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.6% 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 +67.2% against 2018 indices. The pace of growth was the most pronounced in 2021 when imports increased by 40% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2021, China (X units) constituted the largest supplier of mounted objective lens to Portugal, accounting for a 40% share of total imports. Moreover, mounted objective lens imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fourfold. The third position in this ranking was taken by Germany (X units), with a 5% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +51.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+9.3% per year) and Germany (+5.8% per year).

In value terms, China ($X) constituted the largest supplier of mounted objective lenses to Portugal, comprising 51% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Japan, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +49.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.0% per year) and Japan (+1.6% per year).

Import Prices by Country

The average mounted objective lens import price stood at $X per unit in 2021, with an increase of 59% against the previous year. In general, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +10.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, mounted objective lens import price increased by +82.6% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per unit), while the price for Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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