Slovakia: Mounted Objective Lens Market 2024

Mounted Objective Lens Market Size in Slovakia

The Slovak mounted objective lens market soared to $X in 2022, growing by 22% against the previous year. Over the period under review, consumption, however, recorded a deep setback. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Mounted Objective Lens Production in Slovakia

In value terms, mounted objective lens production rose significantly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a deep setback. The pace of growth was the most pronounced in 2013 when the production volume increased by 137%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Mounted Objective Lens Exports

Exports from Slovakia

In 2022, mounted objective lens exports from Slovakia declined markedly to X units, falling by -24.7% compared with the previous year's figure. Over the period under review, exports continue to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2019 when exports increased by 91% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, mounted objective lens exports reduced notably to $X in 2022. Overall, exports saw a perceptible reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 67% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X units) was the main destination for mounted objective lens exports from Slovakia, with a 13% share of total exports. Moreover, mounted objective lens exports to Poland exceeded the volume sent to the second major destination, the Czech Republic (X units), fourfold. Germany (X units) ranked third in terms of total exports with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland stood at +17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+0.1% per year) and Germany (+66.3% per year).

In value terms, Poland ($X) remains the key foreign market for mounted objective lenses exports from Slovakia, comprising 52% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 13% share of total exports. It was followed by Germany, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value to Poland stood at +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-5.2% per year) and Germany (+68.3% per year).

Export Prices by Country

The average mounted objective lens export price stood at $X per unit in 2021, growing by 9.6% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 67% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to the United States ($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 Greece (+7.1%), while the prices for the other major destinations experienced mixed trend patterns.

Mounted Objective Lens Imports

Imports into Slovakia

In 2022, mounted objective lens imports into Slovakia declined significantly to X units, which is down by -16.6% compared with the previous year's figure. Over the period under review, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2019 with an increase of 117%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, mounted objective lens imports reduced to $X in 2022. In general, imports saw a noticeable decrease. The pace of growth was the most pronounced in 2019 with an increase of 158% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of mounted objective lens to Slovakia, accounting for a 45% share of total imports. Moreover, mounted objective lens imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by the Czech Republic (X units), with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +104.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+34.2% per year) and the Czech Republic (+67.6% per year).

In value terms, Germany ($X) constituted the largest supplier of mounted objective lenses to Slovakia, comprising 43% of total imports. The second position in the ranking was held by Thailand ($X), with a 12% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +64.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+29.5% per year) and China (+15.4% per year).

Import Prices by Country

In 2021, the average mounted objective lens import price amounted to $X per unit, increasing by 29% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +3.9% 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 +103.2% against 2018 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 32% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+7.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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