Southern Asia: Objective Lens Market 2025

Objective Lens Market Size in Southern Asia

The South Asian objective lens market fell to $X in 2021, which is down by -2.2% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level of $X, and then declined modestly in the following year.

Objective Lens Production in Southern Asia

In value terms, objective lens production shrank to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 42%. As a result, production attained the peak level of $X, and then dropped in the following year.

Objective Lens Exports

Exports in Southern Asia

In 2021, objective lens exports in Southern Asia skyrocketed to X units, growing by 16% compared with the year before. Overall, exports, however, saw a abrupt descent. The growth pace was the most rapid in 2014 when exports increased by 161%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, objective lens exports skyrocketed to $X in 2021. In general, exports, however, recorded a slight slump. The most prominent rate of growth was recorded in 2014 when exports increased by 141%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Bangladesh was the largest exporting country with an export of around X units, which accounted for 71% of total exports. It was distantly followed by India (X units), creating a 29% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to objective lens exports from Bangladesh stood at -12.9%. At the same time, India (+4.3%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +4.3% from 2012-2021. While the share of India (+21 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Bangladesh (-21.8 p.p.) displayed negative dynamics.

In value terms, Bangladesh ($X) and India ($X) appeared to be the countries with the highest levels of exports in 2021.

Among the main exporting countries, India, with a CAGR of +10.9%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, jumping by 19% against the previous year. Overall, the export price showed resilient growth. The most prominent rate of growth was recorded in 2017 when the export price increased by 62% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was India ($X per unit), while Bangladesh totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+8.8%).

Objective Lens Imports

Imports in Southern Asia

In 2021, the amount of objective lenses for cameras, projectors or photographic enlargers or reducers imported in Southern Asia surged to X units, picking up by 65% against the previous year's figure. Overall, imports posted a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, objective lens imports skyrocketed to $X in 2021. Over the period under review, imports recorded a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India dominates imports structure, amounting to X units, which was near 87% of total imports in 2021. It was distantly followed by Bangladesh (X units), generating an 8.4% share of total imports. Sri Lanka (X units) followed a long way behind the leaders.

India was also the fastest-growing in terms of the objective lenses for cameras, projectors or photographic enlargers or reducers imports, with a CAGR of +12.1% from 2012 to 2021. At the same time, Sri Lanka (+11.9%) and Bangladesh (+3.4%) displayed positive paces of growth. India (+7.8 p.p.) significantly strengthened its position in terms of the total imports, while Bangladesh saw its share reduced by -7.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported objective lenses for cameras, projectors or photographic enlargers or reducers in Southern Asia, comprising 96% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a 1.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value in India amounted to +16.6%. The remaining importing countries recorded the following average annual rates of imports growth: Sri Lanka (+13.2% per year) and Bangladesh (+2.5% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per unit, rising by 2.5% against the previous year. Import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, objective lens import price increased by +66.9% against 2016 indices. The pace of growth appeared the most rapid in 2014 an increase of 32%. Over the period under review, import prices reached the maximum in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+3.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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