Portugal: Objective Lens Market 2024

Objective Lens Market Size in Portugal

The Portuguese objective lens market shrank remarkably to $X in 2021, declining by -19.6% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable contraction. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Objective Lens Production in Portugal

In value terms, objective lens production fell to $X in 2021 estimated in export price. In general, production, however, recorded a pronounced curtailment. 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 2021, production stood at a somewhat lower figure.

Objective Lens Exports

Exports from Portugal

In 2021, approx. X units of objective lenses for cameras, projectors or photographic enlargers or reducers were exported from Portugal; rising by 252% against the year before. Over the period under review, exports saw resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, objective lens exports surged to $X in 2021. In general, exports enjoyed a measured expansion. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for objective lens exports from Portugal, accounting for a 63% share of total exports. Moreover, objective lens exports to Germany exceeded the volume sent to the second major destination, the UK (X units), threefold. Hong Kong SAR (X units) ranked third in terms of total exports with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+229.8% per year) and Hong Kong SAR (+90.7% per year).

In value terms, Germany ($X) remains the key foreign market for objective lenses for cameras, projectors or photographic enlargers or reducers exports from Portugal, comprising 86% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 4% share of total exports. It was followed by Switzerland, with a 2.6% 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: Hong Kong SAR (+48.2% per year) and Switzerland (+60.3% per year).

Export Prices by Country

In 2021, the average objective lens export price amounted to $X per unit, reducing by -35.9% against the previous year. Overall, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of 15%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while the average price for exports to the UK ($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 Germany (-7.8%), while the prices for the other major destinations experienced a decline.

Objective Lens Imports

Imports into Portugal

In 2021, approx. X units of objective lenses for cameras, projectors or photographic enlargers or reducers were imported into Portugal; jumping by 87% compared with the previous year's figure. Overall, imports recorded strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, objective lens imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 27%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), the Netherlands (X units) and Japan (X units) were the main suppliers of objective lens imports to Portugal, with a combined 59% share of total imports. These countries were followed by China, Spain, the UK, Italy, France, Hong Kong SAR and Belgium, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +57.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest objective lens suppliers to Portugal were Germany ($X), the Netherlands ($X) and Spain ($X), with a combined 71% share of total imports. These countries were followed by Japan, China, the UK, Italy, France, Hong Kong SAR and Belgium, which together accounted for a further 25%.

Italy, with a CAGR of +39.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average objective lens import price stood at $X per unit in 2021, falling by -40.1% against the previous year. In general, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2017 an increase of 39%. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+6.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :