United Kingdom: Mounted Objective Lens Market 2025

Mounted Objective Lens Market Size in the UK

In 2022, after two years of growth, there was decline in the UK mounted objective lens market, when its value decreased by -2.6% to $X. Over the period under review, consumption saw a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Mounted Objective Lens Production in the UK

In value terms, mounted objective lens production rose to $X in 2022 estimated in export price. In general, production recorded a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of 79%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Mounted Objective Lens Exports

Exports from the UK

In 2022, overseas shipments of mounted objective lenses were finally on the rise to reach X units after two years of decline. Overall, exports, however, saw a perceptible setback. The pace of growth was the most pronounced in 2015 with an increase of 55%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mounted objective lens exports reached $X in 2022. The total export value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 28%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X units) was the main destination for mounted objective lens exports from the UK, with a 8.9% share of total exports. Moreover, mounted objective lens exports to Germany exceeded the volume sent to the second major destination, Hong Kong SAR (X units), threefold. The United States (X units) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+5.7% per year) and the United States (+0.0% per year).

In value terms, Germany ($X), the United States ($X) and Hong Kong SAR ($X) constituted the largest markets for mounted objective lens exported from the UK worldwide, together accounting for 49% of total exports. The Netherlands, France, South Korea, Belgium, Italy, Spain, Sweden, Ireland and Japan lagged somewhat behind, together comprising a further 25%.

Among the main countries of destination, South Korea, with a CAGR of +24.8%, 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

The average mounted objective lens export price stood at $X per unit in 2021, increasing by 39% against the previous year. Overall, the export price continues to indicate a buoyant increase. The growth pace was the most rapid in 2020 when the average export price increased by 73% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Ireland ($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 Sweden (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Mounted Objective Lens Imports

Imports into the UK

In 2022, approx. X units of mounted objective lenses were imported into the UK; which is down by -13.8% on the previous year's figure. Over the period under review, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2014 when imports increased by 6.6%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, mounted objective lens imports surged to $X in 2022. The total import value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X units) constituted the largest supplier of mounted objective lens to the UK, with a 7.7% share of total imports. Moreover, mounted objective lens imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. Germany (X units) ranked third in terms of total imports with a 1.5% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands amounted to -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-11.5% per year) and Germany (-7.4% per year).

In value terms, the Netherlands ($X), Germany ($X) and Japan ($X) were the largest mounted objective lens suppliers to the UK, with a combined 74% share of total imports. China, France, the United States, Poland and Canada lagged somewhat behind, together comprising a further 18%.

Among the main suppliers, Poland, with a CAGR of +83.0%, saw the highest growth rate of the value of imports, 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 mounted objective lens import price amounted to $X per unit, picking up by 4.3% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +12.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, mounted objective lens import price decreased by -3.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 108%. The import price peaked at $X per unit in 2019; however, from 2020 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, amid the top importers, the country with the highest price was Canada ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+40.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :