Serbia: Mounted Objective Lens Market 2025

Mounted Objective Lens Market Size in Serbia

The Serbian mounted objective lens market soared to $X in 2022, growing by 16% against the previous year. In general, consumption, however, saw a mild downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Mounted Objective Lens Production in Serbia

In value terms, mounted objective lens production reduced to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2018 with an increase of 8.1%. Mounted objective lens production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Mounted Objective Lens Exports

Exports from Serbia

For the seventh consecutive year, Serbia recorded decline in overseas shipments of mounted objective lenses, which decreased by -82.2% to X units in 2022. Overall, exports showed a sharp decline. The most prominent rate of growth was recorded in 2013 when exports increased by 151% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, mounted objective lens exports reduced notably to $X in 2022. In general, exports showed a sharp curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by 147% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X units) was the main destination for mounted objective lens exports from Serbia, accounting for a 13% share of total exports. Moreover, mounted objective lens exports to the Czech Republic exceeded the volume sent to the second major destination, Hungary (X units), eightfold. The third position in this ranking was held by Bosnia and Herzegovina (X units), with a 1.1% share.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic amounted to +120.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+112.5% per year) and Bosnia and Herzegovina (-12.1% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for mounted objective lenses exports from Serbia, comprising 72% of total exports. The second position in the ranking was held by Hungary ($X), with a 6.7% share of total exports. It was followed by Slovakia, with a 4% share.

From 2012 to 2021, the average annual growth rate of value to the Czech Republic stood at +88.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+130.0% per year) and Slovakia (0.0% per year).

Export Prices by Country

In 2021, the average mounted objective lens export price amounted to $X per unit, rising by 53% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Slovenia ($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 Hungary (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Mounted Objective Lens Imports

Imports into Serbia

In 2022, the amount of mounted objective lenses imported into Serbia skyrocketed to X units, growing by 150% against 2021 figures. Over the period under review, imports recorded strong growth. The pace of growth appeared the most rapid in 2020 with an increase of 174%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, mounted objective lens imports surged to $X in 2022. Overall, imports posted a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Japan (X units) and Germany (X units) were the main suppliers of mounted objective lens imports to Serbia, with a combined 10% share of total imports. Thailand and Malaysia lagged somewhat behind, together accounting for a further 1%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +26.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Germany ($X) appeared to be the largest mounted objective lens suppliers to Serbia, together accounting for 82% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +34.7%, recorded 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 2021, the average mounted objective lens import price amounted to $X per unit, with a decrease of -13.9% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 57%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a 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 Germany ($X per unit), while the price for Malaysia ($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 (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform