Report Update Feb 1, 2025

Republic of Korea - Mounted Lenses, Prisms and Mirrors - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Mounted Lens Market 2025

Mounted Lens Market Size in Republic of Korea

The South Korean mounted lens market skyrocketed to $X in 2022, rising by 53,514% against the previous year. Over the period under review, consumption continues to indicate a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Mounted Lens Production in Republic of Korea

In value terms, mounted lens production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a significant expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Mounted Lens Exports

Exports from Republic of Korea

In 2022, shipments abroad of mounted lenses, prisms and mirrors decreased by -85.9% to X units for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, exports saw a precipitous decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 42% against the previous year. As a result, the exports attained the peak of X units, and then shrank markedly in the following year.

In value terms, mounted lens exports fell remarkably to $X in 2022. In general, exports recorded a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 52%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units), China (X units) and the United States (X units) were the main destinations of mounted lens exports from South Korea, with a combined 63% share of total exports.

From 2020 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +16.4%), while the other leaders experienced a decline.

In value terms, the largest markets for mounted lens exported from South Korea were the Netherlands ($X), China ($X) and the United States ($X), with a combined 63% share of total exports.

The Netherlands, with a CAGR of +185.3%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mounted lens export price stood at $X per unit in 2022, rising by 464% against the previous year. Overall, the export price posted a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($X per unit) and the Netherlands ($X per unit), while the average price for exports to Singapore ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+145.1%), while the prices for the other major destinations experienced more modest paces of growth.

Mounted Lens Imports

Imports into Republic of Korea

In 2022, imports of mounted lenses, prisms and mirrors into South Korea reduced notably to X units, which is down by -96.8% compared with the previous year. Over the period under review, imports continue to indicate a precipitous shrinkage. The smallest decline of -58.4% was in 2021. Over the period under review, imports reached the maximum at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, mounted lens imports expanded to $X in 2022. In general, imports, however, saw a strong expansion. The pace of growth was the most pronounced in 2019 with an increase of 36% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Singapore (X units) and Austria (X units) were the main suppliers of mounted lens imports to South Korea, with a combined 56% share of total imports. China, Taiwan (Chinese), the United States and Japan lagged somewhat behind, together accounting for a further 34%.

From 2020 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +706.2%), while purchases for the other leaders experienced a decline.

In value terms, the largest mounted lens suppliers to South Korea were Germany ($X), Singapore ($X) and Austria ($X), together comprising 59% of total imports. China, Taiwan (Chinese), the United States and Japan lagged somewhat behind, together comprising a further 36%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +1,718.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average mounted lens import price amounted to $X per unit, picking up by 3,118% against the previous year. Overall, the import price continues to indicate significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per unit) and Taiwan (Chinese) ($X per unit), while the price for Japan ($X per unit) and China ($X per unit) were amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+735.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for mounted lenses, prisms and mirrors in the world?

The country with the largest volume of mounted lens consumption was Spain, accounting for 27% of total volume. Moreover, mounted lens consumption in Spain exceeded the figures recorded by the second-largest consumer, China, twofold. The United States ranked third in terms of total consumption with an 8.5% share.

What are the largest producers of mounted lenses, prisms and mirrors in the world?

The country with the largest volume of mounted lens production was Spain, accounting for 56% of total volume. Moreover, mounted lens production in Spain exceeded the figures recorded by the second-largest producer, China, fourfold. The United States ranked third in terms of total production with a 5.5% share.

What are the leading suppliers of mounted lenses, prisms and mirrors to Republic of Korea?

In value terms, Singapore constituted the largest supplier of mounted lens to South Korea, comprising 69% of total imports. The second position in the ranking was occupied by Germany, with an 11% share of total imports. It was followed by the United States, with a 9.1% share.

What are the leading importers of mounted lenses, prisms and mirrors from Republic of Korea?

In value terms, the largest markets for mounted lens exported from South Korea were Vietnam, the United States and China, together accounting for 68% of total exports.

What is the average export price for mounted lenses, prisms and mirrors in Republic of Korea?

The average mounted lens export price stood at $411,527 per ton in 2021, rising by 2.7% against the previous year.

What is the average import price for mounted lenses, prisms and mirrors in Republic of Korea?

The average mounted lens import price stood at $711,826 per ton in 2021, dropping by -7.6% against the previous year.

This report provides an in-depth analysis of the mounted lens market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26702155 - Mounted lenses, prisms, mirrors, etc., of any material, n.e.c.

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024