Report Update: May 1, 2024

Thailand - Mounted Objective Lenses - Market Analysis, Forecast, Size, Trends And Insights

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Mounted Objective Lens Price in Thailand - 2023

Mounted Objective Lens Price in Thailand (FOB) - 2023

The average mounted objective lens export price stood at $42.3 per unit in September 2023, remaining stable against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.8%. The growth pace was the most rapid in November 2022 an increase of 15% m-o-m. Over the period under review, the average export prices hit record highs at $43.7 per unit in July 2023; however, from August 2023 to September 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Hong Kong SAR ($104 per unit), while the average price for exports to Myanmar ($10.4 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Mounted Objective Lens Price in Thailand (CIF) - 2023

In September 2023, the average mounted objective lens import price amounted to $81.3 per unit, growing by 3.1% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 when the average import price increased by 20% month-to-month. The import price peaked in September 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($194 per unit), while the price for Japan ($55.8 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Mounted Objective Lens Exports in Thailand

After three years of growth, overseas shipments of mounted objective lenses decreased by -17.7% to 8.5M units in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +9.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +29.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 27% against the previous year. Over the period under review, the exports hit record highs at 10M units in 2021, and then contracted significantly in the following year.

In value terms, mounted objective lens exports fell to $293M in 2022. Over the period under review, exports saw a pronounced descent. The growth pace was the most rapid in 2021 with an increase of 17%. Over the period under review, the exports attained the peak figure at $333M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Mounted Objective Lens in Thailand (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
China	56.7	50.7	78.9	18.0%
Japan	88.1	49.9	48.7	-25.7%
United States	40.9	28.7	40.3	-0.7%
Netherlands	32.9	36.4	34.4	2.3%
Hong Kong SAR	27.6	26.7	30.2	4.6%
Lao People's Democratic Republic	19.8	21.9	19.9	0.3%
India	14.5	10.6	19.1	14.8%
Vietnam	3.1	3.0	6.1	40.3%
United Arab Emirates	15.9	19.0	N/A	19.5%
Others	33.8	27.3	42.2	11.7%
Total	333	274	320	-2.0%

Top Export Markets for Mounted Objective Lens from Thailand in 2022:

United States (0.4M units)
Netherlands (0.3M units)
China (0.3M units)
India (0.2M units)
Vietnam (0.2M units)
Japan (0.2M units)
Lao People's Democratic Republic (0.1M units)
Hong Kong SAR (0.1M units)

Mounted Objective Lens Imports in Thailand

For the fourth consecutive year, Thailand recorded growth in purchases abroad of mounted objective lenses, which increased by 9.4% to 910K units in 2022. In general, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 48%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, mounted objective lens imports expanded remarkably to $131M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.5% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 28% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Import of Mounted Objective Lens in Thailand (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
China	30.2	49.4	73.4	55.9%
Japan	24.6	16.1	20.1	-9.6%
Taiwan (Chinese)	1.0	6.8	4.3	107.4%
Vietnam	1.3	7.4	2.8	46.8%
Malaysia	5.1	1.8	2.6	-28.6%
Lao People's Democratic Republic	0.6	0.3	0.4	-18.4%
Others	10.9	12.4	16.1	21.5%
Total	73.6	94.2	120	27.7%

Top Suppliers of Mounted Objective Lens to Thailand in 2022:

China (399.7K units)
Japan (86.0K units)
Lao People's Democratic Republic (30.6K units)
Taiwan (Chinese) (16.7K units)
Vietnam (16.5K units)
Malaysia (9.5K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the mounted objective lens market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26702170 - Mounted objective lenses of any material (excluding for cameras, projectors or photographic enlargers or reducers)
Prodcom 26701100 - Mounted objective lenses, of any material, for cameras, p rojectors or photographic enlargers or reducers

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023