Thailand: Mounted Objective Lens Market 2024

Mounted Objective Lens Market Size in Thailand

In 2022, the Thai mounted objective lens market decreased by -9.1% to $X, falling for the third consecutive year after two years of growth. In general, consumption showed a pronounced setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Mounted Objective Lens Production in Thailand

In value terms, mounted objective lens production contracted to $X in 2022 estimated in export price. Overall, production showed a deep contraction. The pace of growth appeared the most rapid in 2015 when the production volume increased by 20% against the previous year. Mounted objective lens production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Mounted Objective Lens Exports

Exports from Thailand

In 2022, shipments abroad of mounted objective lenses decreased by -17.7% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports saw a deep reduction. The pace of growth was the most pronounced in 2015 with an increase of 47%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, mounted objective lens exports reduced to $X in 2022. In general, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 17% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), China (X units) and the Netherlands (X units) were the main destinations of mounted objective lens exports from Thailand, with a combined 10% share of total exports. Japan, India, Vietnam, Hong Kong SAR, Lao People's Democratic Republic and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 8.6%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +215.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mounted objective lens exported from Thailand were China ($X), Japan ($X) and the United States ($X), with a combined 53% share of total exports. The Netherlands, Hong Kong SAR, Lao People's Democratic Republic, India, Vietnam and Taiwan (Chinese) lagged somewhat behind, together comprising a further 36%.

In terms of the main countries of destination, India, with a CAGR of +180.2%, saw the highest growth rate of 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 mounted objective lens export price amounted to $X per unit, which is down by -5.8% against the previous year. Over the period under review, the export price showed a abrupt slump. The pace of growth was the most pronounced in 2019 when the average export price increased by 130%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Vietnam ($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 Hong Kong SAR (+1.2%), while the prices for the other major destinations experienced a decline.

Mounted Objective Lens Imports

Imports into Thailand

In 2022, purchases abroad of mounted objective lenses increased by 9.4% to X units, rising for the third consecutive year after three years of decline. Over the period under review, imports, however, recorded a perceptible downturn. The growth pace was the most rapid in 2021 when imports increased by 48%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, mounted objective lens imports rose notably to $X in 2022. Overall, imports, however, continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 41% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of mounted objective lens to Thailand, with a 48% share of total imports. Moreover, mounted objective lens imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fivefold. The third position in this ranking was taken by Lao People's Democratic Republic (X units), with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-8.1% per year) and Lao People's Democratic Republic (+191.8% per year).

In value terms, China ($X) constituted the largest supplier of mounted objective lenses to Thailand, comprising 61% of total imports. The second position in the ranking was taken by Japan ($X), with a 17% share of total imports. It was followed by Taiwan (Chinese), with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-14.6% per year) and Taiwan (Chinese) (+8.0% per year).

Import Prices by Country

The average mounted objective lens import price stood at $X per unit in 2021, falling by -14.5% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 89%. Over the period under review, average import prices reached the maximum at $X per unit in 2020, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for Lao People's Democratic Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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