South-Eastern Asia: Objective Lens Market 2025

Objective Lens Market Size in South-Eastern Asia

The Southeast Asian objective lens market plummeted to $X in 2021, dropping by -15.5% against the previous year. In general, consumption showed a deep downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Objective Lens Production in South-Eastern Asia

In value terms, objective lens production shrank sharply to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a noticeable decrease. The growth pace was the most rapid in 2020 with an increase of 247%. As a result, production reached the peak level of $X, and then shrank significantly in the following year.

Objective Lens Exports

Exports in South-Eastern Asia

In 2021, overseas shipments of objective lenses for cameras, projectors or photographic enlargers or reducers increased by 24% to X units, rising for the second year in a row after two years of decline. Overall, exports posted a prominent expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 273% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, objective lens exports surged to $X in 2021. In general, exports, however, saw a pronounced downturn. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand dominates exports structure, amounting to X units, which was approx. 87% of total exports in 2021. It was distantly followed by Malaysia (X units), making up a 5.9% share of total exports. Vietnam (X units) and Singapore (X units) held a minor share of total exports.

Thailand was also the fastest-growing in terms of the objective lenses for cameras, projectors or photographic enlargers or reducers exports, with a CAGR of +15.7% from 2012 to 2021. At the same time, Vietnam (+8.4%) and Singapore (+7.4%) displayed positive paces of growth. By contrast, Malaysia (-3.2%) illustrated a downward trend over the same period. Thailand (+22 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia saw its share reduced by -16.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest objective lens supplying countries in South-Eastern Asia were Thailand ($X), Vietnam ($X) and Malaysia ($X), with a combined 84% share of total exports.

Vietnam, with a CAGR of +11.3%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per unit, with a decrease of -3.1% against the previous year. In general, the export price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2019 an increase of 74% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+2.7%), while the other leaders experienced a decline in the export price figures.

Objective Lens Imports

Imports in South-Eastern Asia

Objective lens imports soared to X units in 2021, jumping by 19% compared with the year before. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +74.7% against 2018 indices. The pace of growth was the most pronounced in 2019 with an increase of 29%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, objective lens imports fell slightly to $X in 2021. Total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -23.9% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 54% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Thailand represented the major importer of objective lenses for cameras, projectors or photographic enlargers or reducers in South-Eastern Asia, with the volume of imports reaching X units, which was approx. 40% of total imports in 2021. Vietnam (X units) ranks second in terms of the total imports with a 17% share, followed by the Philippines (16%), Malaysia (10%), Indonesia (9.2%) and Singapore (7.6%).

Imports into Thailand increased at an average annual rate of +18.7% from 2012 to 2021. At the same time, the Philippines (+30.7%) and Vietnam (+16.6%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +30.7% from 2012-2021. By contrast, Malaysia (-5.1%), Singapore (-6.2%) and Indonesia (-8.1%) illustrated a downward trend over the same period. While the share of Thailand (+27 p.p.), the Philippines (+13 p.p.) and Vietnam (+10 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Singapore (-13.3 p.p.), Malaysia (-15.4 p.p.) and Indonesia (-21.5 p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) constitutes the largest market for imported objective lenses for cameras, projectors or photographic enlargers or reducers in South-Eastern Asia, comprising 45% of total imports. The second position in the ranking was held by Singapore ($X), with a 20% share of total imports. It was followed by Malaysia, with a 15% share.

In Vietnam, objective lens imports expanded at an average annual rate of +19.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Singapore (-5.4% per year) and Malaysia (-1.6% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2021, waning by -18.5% against the previous year. Overall, the import price continues to indicate a noticeable decrease. The growth pace was the most rapid in 2018 when the import price increased by 28%. The level of import peaked at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+10.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :