Spain: Objective Lens Market 2025

Objective Lens Market Size in Spain

In 2021, the Spanish objective lens market was finally on the rise to reach $X after six years of decline. In general, consumption, however, continues to indicate a abrupt contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Objective Lens Production in Spain

In value terms, objective lens production soared to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a sharp descent. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Objective Lens Exports

Exports from Spain

For the third consecutive year, Spain recorded growth in shipments abroad of objective lenses for cameras, projectors or photographic enlargers or reducers, which increased by 68% to X units in 2021. In general, exports showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 171% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, objective lens exports soared to $X in 2021. Overall, exports posted buoyant growth. The growth pace was the most rapid in 2019 with an increase of 87% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Poland (X units), Italy (X units) and Germany (X units) were the main destinations of objective lens exports from Spain, together comprising 64% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +214.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Portugal ($X) and Poland ($X) appeared to be the largest markets for objective lens exported from Spain worldwide, together accounting for 56% of total exports.

In terms of the main countries of destination, Poland, with a CAGR of +196.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average objective lens export price amounted to $X per unit, waning by -15.1% against the previous year. In general, the export price faced a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 51% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was France ($X per unit), while the average price for exports to Italy ($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 Portugal (-4.1%), while the prices for the other major destinations experienced a decline.

Objective Lens Imports

Imports into Spain

For the third consecutive year, Spain recorded growth in purchases abroad of objective lenses for cameras, projectors or photographic enlargers or reducers, which increased by 99% to X units in 2021. Over the period under review, imports recorded 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 surged to $X in 2021. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X units), Germany (X units) and Italy (X units) were the main suppliers of objective lens imports to Spain, together accounting for 85% of total imports. Japan, Poland, France, China, Thailand and Malaysia lagged somewhat behind, together accounting for a further 10%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +118.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest objective lens suppliers to Spain were Germany ($X), the Netherlands ($X) and Japan ($X), with a combined 77% share of total imports. These countries were followed by France, Poland, Italy, China, Thailand and Malaysia, which together accounted for a further 16%.

Poland, with a CAGR of +88.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 objective lens import price amounted to $X per unit, shrinking by -32.2% against the previous year. Over the period under review, the import price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2014 an increase of 32%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-6.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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