United Arab Emirates: Objective Lens Market 2025

Objective Lens Market Size in the United Arab Emirates

In 2021, the objective lens market in the United Arab Emirates increased by 53% to $X, rising for the second year in a row after two years of decline. In general, consumption enjoyed mild growth. Objective lens consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Objective Lens Exports

Exports from the United Arab Emirates

In 2021, after five years of growth, there was significant decline in shipments abroad of objective lenses for cameras, projectors or photographic enlargers or reducers, when their volume decreased by -21.1% to X units. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 108%. Over the period under review, the exports reached the peak figure at X units in 2020, and then declined markedly in the following year.

In value terms, objective lens exports shrank to $X in 2021. In general, exports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of 128% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then dropped in the following year.

Exports by Country

Hong Kong SAR (X units) was the main destination for objective lens exports from the United Arab Emirates, accounting for a 78% share of total exports. Moreover, objective lens exports to Hong Kong SAR exceeded the volume sent to the second major destination, Oman (X units), ninefold. Saudi Arabia (X units) ranked third in terms of total exports with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR amounted to +22.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+7.5% per year) and Saudi Arabia (+48.6% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for objective lenses for cameras, projectors or photographic enlargers or reducers exports from the United Arab Emirates, comprising 92% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 2.5% share of total exports. It was followed by Oman, with a 1.6% share.

From 2012 to 2021, the average annual growth rate of value to Hong Kong SAR amounted to +14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+50.1% per year) and Oman (-0.0% per year).

Export Prices by Country

In 2021, the average objective lens export price amounted to $X per unit, increasing by 19% against the previous year. Overall, the export price, however, recorded a deep reduction. The growth pace was the most rapid in 2020 an increase of 55% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Oman ($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 Saudi Arabia (+1.0%), while the prices for the other major destinations experienced a decline.

Objective Lens Imports

Imports into the United Arab Emirates

In 2021, supplies from abroad of objective lenses for cameras, projectors or photographic enlargers or reducers increased by 8% to X units, rising for the second consecutive year after two years of decline. In general, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of 78% against the previous year. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, objective lens imports surged to $X in 2021. Overall, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +9.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +39.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Thailand (X units), Japan (X units) and Malaysia (X units) were the main suppliers of objective lens imports to the United Arab Emirates, together accounting for 47% of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +157.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of objective lenses for cameras, projectors or photographic enlargers or reducers to the United Arab Emirates, comprising 27% of total imports. The second position in the ranking was held by Thailand ($X), with a 10% share of total imports. It was followed by Germany, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value from Japan amounted to +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+124.0% per year) and Germany (+19.4% per year).

Import Prices by Country

The average objective lens import price stood at $X per unit in 2021, growing by 26% against the previous year. Overall, the import price, however, saw a pronounced descent. The growth pace was the most rapid in 2019 an increase of 53% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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