Scandinavia: Objective Lens Market 2025

Objective Lens Market Size in Scandinavia

In 2021, the Scandinavia objective lens market increased by 18% to $X, rising for the third consecutive year after three years of decline. The total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +81.2% against 2018 indices. The level of consumption peaked in 2021 and is likely to continue growth in the near future.

Objective Lens Production in Scandinavia

In value terms, objective lens production skyrocketed to $X in 2021 estimated in export price. In general, production recorded a precipitous decline. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Objective Lens Exports

Exports in Scandinavia

In 2021, approx. X units of objective lenses for cameras, projectors or photographic enlargers or reducers were exported in Scandinavia; increasing by 66% on 2020 figures. Overall, exports showed buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of 70% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, objective lens exports surged to $X in 2021. Over the period under review, exports, however, saw a noticeable reduction. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden represented the major exporter of objective lenses for cameras, projectors or photographic enlargers or reducers in Scandinavia, with the volume of exports finishing at X units, which was near 72% of total exports in 2021. Denmark (X units) ranks second in terms of the total exports with a 21% share, followed by Finland (6.3%).

Exports from Sweden increased at an average annual rate of +6.4% from 2012 to 2021. At the same time, Denmark (+23.4%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +23.4% from 2012-2021. By contrast, Finland (-1.0%) illustrated a downward trend over the same period. While the share of Denmark (+16 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Sweden (-1.7 p.p.) and Finland (-6.1 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest objective lens supplier in Scandinavia, comprising 68% of total exports. The second position in the ranking was taken by Denmark ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden amounted to -5.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Denmark (+3.6% per year) and Finland (-7.8% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, reducing by -29.9% against the previous year. Overall, the export price recorded a deep setback. The growth pace was the most rapid in 2017 an increase of 12%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Finland ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (-6.8%), while the other leaders experienced a decline in the export price figures.

Objective Lens Imports

Imports in Scandinavia

In 2021, purchases abroad of objective lenses for cameras, projectors or photographic enlargers or reducers increased by 76% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, imports showed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, objective lens imports surged to $X in 2021. In general, imports, however, continue to indicate a slight setback. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Sweden was the major importer of objective lenses for cameras, projectors or photographic enlargers or reducers in Scandinavia, with the volume of imports recording X units, which was near 65% of total imports in 2021. Denmark (X units) ranks second in terms of the total imports with a 15% share, followed by Norway (9.7%) and Finland (9.5%).

Sweden was also the fastest-growing in terms of the objective lenses for cameras, projectors or photographic enlargers or reducers imports, with a CAGR of +12.3% from 2012 to 2021. At the same time, Denmark (+9.0%) and Finland (+4.7%) displayed positive paces of growth. By contrast, Norway (-5.3%) illustrated a downward trend over the same period. Sweden (+22 p.p.) and Denmark (+2.1 p.p.) significantly strengthened its position in terms of the total imports, while Finland and Norway saw its share reduced by -2.2% and -19.9% from 2012 to 2021, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported objective lenses for cameras, projectors or photographic enlargers or reducers in Scandinavia, comprising 56% of total imports. The second position in the ranking was taken by Denmark ($X), with an 18% share of total imports. It was followed by Norway, with a 16% share.

From 2012 to 2021, the average annual growth rate of value in Sweden was relatively modest. In the other countries, the average annual rates were as follows: Denmark (-1.5% per year) and Norway (-5.1% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2021, with a decrease of -29.8% against the previous year. Over the period under review, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 when the import price increased by 9.6% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Norway ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform