Venezuela: Objective Lens Market 2025

Objective Lens Market Size in Venezuela

The Venezuelan objective lens market dropped remarkably to $X in 2021, waning by -17.7% against the previous year. Over the period under review, consumption continues to indicate a abrupt setback. Objective lens consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Objective Lens Production in Venezuela

In value terms, objective lens production declined markedly to $X in 2021 estimated in export price. Overall, production saw a deep setback. The pace of growth appeared the most rapid in 2020 when the production volume increased by 55% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Objective Lens Exports

Exports from Venezuela

In 2021, shipments abroad of objective lenses for cameras, projectors or photographic enlargers or reducers decreased by -30% to X units, falling for the third consecutive year after three years of growth. Over the period under review, exports showed a precipitous contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 133% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, objective lens exports dropped notably to $X in 2021. In general, exports faced a precipitous descent. The most prominent rate of growth was recorded in 2016 with an increase of 357% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Switzerland (X units) was the main destination for objective lens exports from Venezuela, accounting for a 57% share of total exports. Moreover, objective lens exports to Switzerland exceeded the volume sent to the second major destination, Austria (X units), fourfold. Panama (X units) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Switzerland totaled +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-7.4% per year) and Panama (-37.0% per year).

In value terms, Panama ($X), Switzerland ($X) and Chile ($X) appeared to be the largest markets for objective lens exported from Venezuela worldwide, together accounting for 86% of total exports.

Among the main countries of destination, Switzerland, with a CAGR of +7.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average objective lens export price amounted to $X per unit, shrinking by -14.4% against the previous year. Over the period under review, the export price saw a deep slump. The pace of growth appeared the most rapid in 2016 when the average export price increased by 164% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Panama ($X per unit), while the average price for exports to Thailand ($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 Panama (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.

Objective Lens Imports

Imports into Venezuela

For the third consecutive year, Venezuela recorded decline in purchases abroad of objective lenses for cameras, projectors or photographic enlargers or reducers, which decreased by 0% to X units in 2021. Over the period under review, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2018 when imports increased by 10%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, objective lens imports surged to $X in 2021. In general, imports saw a abrupt downturn. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of objective lens to Venezuela, accounting for a 83% share of total imports. Moreover, objective lens imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), more than tenfold. Spain (X units) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+6.2% per year) and Spain (-7.4% per year).

In value terms, Spain ($X), the Netherlands ($X) and the United States ($X) constituted the largest objective lens suppliers to Venezuela, together accounting for 58% of total imports.

The Netherlands, with a CAGR of +24.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average objective lens import price stood at $X per unit in 2021, increasing by 8.9% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 26% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+35.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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