Sri Lanka: Mounted Objective Lens Market 2025

Mounted Objective Lens Market Size in Sri Lanka

The Sri Lankan mounted objective lens market declined notably to $X in 2022, waning by -39.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a prominent expansion. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced dramatically in the following year.

Mounted Objective Lens Exports

Exports from Sri Lanka

In 2022, the amount of mounted objective lenses exported from Sri Lanka contracted markedly to X units, which is down by -73.2% on 2021 figures. Overall, exports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of 394% against the previous year. The exports peaked at X units in 2021, and then reduced markedly in the following year.

In value terms, mounted objective lens exports fell rapidly to $X in 2022. In general, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2021 when exports increased by 296%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Maldives (X units), Singapore (X units) and Japan (X units) were the main destinations of mounted objective lens exports from Sri Lanka, with a combined 8.6% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Maldives (with a CAGR of +11.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Maldives ($X), Singapore ($X) and Japan ($X) were the largest markets for mounted objective lens exported from Sri Lanka worldwide.

In terms of the main countries of destination, Maldives, with a CAGR of +19.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average mounted objective lens export price amounted to $X per unit, falling by -5.8% against the previous year. Over the period under review, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 145%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+13.5%), while the prices for the other major destinations experienced mixed trend patterns.

Mounted Objective Lens Imports

Imports into Sri Lanka

In 2022, imports of mounted objective lenses into Sri Lanka plummeted to X units, declining by -43.9% compared with 2021 figures. Overall, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 251%. Imports peaked at X units in 2021, and then dropped remarkably in the following year.

In value terms, mounted objective lens imports contracted significantly to $X in 2022. In general, imports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of 182%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan (X units), China (X units) and Singapore (X units) were the main suppliers of mounted objective lens imports to Sri Lanka, with a combined 11% share of total imports. The United Arab Emirates, India, the United States, the UK, Hong Kong SAR and France lagged somewhat behind, together comprising a further 3.3%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +22.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of mounted objective lenses to Sri Lanka, comprising 54% of total imports. The second position in the ranking was taken by China ($X), with a 2.7% share of total imports. It was followed by the United States, with a 2.4% share.

From 2012 to 2022, the average annual growth rate of value from Japan totaled +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.8% per year) and the United States (+0.7% per year).

Import Prices by Country

The average mounted objective lens import price stood at $X per unit in 2022, with an increase of 31% against the previous year. Over the period under review, the import price, however, recorded a noticeable slump. The pace of growth appeared the most rapid in 2018 when the average import price increased by 78%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :