Report Update: May 1, 2024

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

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Mounted Objective Lens Price in Vietnam - 2022

Mounted Objective Lens Price in Vietnam (CIF) - 2022

In December 2022, the average mounted objective lens import price amounted to $137 per unit, stabilizing at the previous month. Overall, the import price, however, showed a deep slump. The pace of growth was the most pronounced in March 2022 an increase of 3.3% month-to-month. The import price peaked at $380 per unit in December 2021; however, from January 2022 to December 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In December 2022, the highest price was recorded for prices from Taiwan (Chinese) ($145 per unit) and Japan ($142 per unit), while the price for South Korea ($118 per unit) and China ($131 per unit) were amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (-3.5%), while the prices for the other major suppliers experienced a decline.

Mounted Objective Lens Price in Vietnam (FOB) - 2022

In December 2022, the average mounted objective lens export price amounted to $113 per unit, with a decrease of -9% against the previous month. Over the period under review, the export price recorded a mild slump. The pace of growth was the most pronounced in August 2022 an increase of 4.7% against the previous month. The export price peaked at $151 per unit in May 2022; however, from June 2022 to December 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was Taiwan (Chinese) ($179 per unit), while the average price for exports to the United States ($108 per unit) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+1.7%), while the prices for the other major destinations experienced a decline.

Mounted Objective Lens Imports in Vietnam

In 2022, overseas purchases of mounted objective lenses increased by 20% to 4.6M units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a abrupt shrinkage. Over the period under review, imports reached the maximum at 6.1M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, mounted objective lens imports reduced modestly to $611M in 2022. In general, imports, however, showed a noticeable shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 8.2%. As a result, imports reached the peak of $721M. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Mounted Objective Lens in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	268	247	250	317	5.8%
Taiwan (Chinese)	279	416	311	244	-4.4%
Japan	41.8	30.9	33.5	32.3	-8.2%
South Korea	42.9	20.4	10.2	12.2	-34.2%
Philippines	29.9	3.4	0.4	0.1	-85.0%
Others	4.2	3.2	5.6	5.5	9.4%
Total	666	721	611	611	-2.8%

Top Suppliers of Mounted Objective Lens to Vietnam in 2022:

China (2612.8K units)
Taiwan (Chinese) (1584.6K units)
Japan (213.4K units)
South Korea (102.3K units)
Philippines (0.6K units)

Mounted Objective Lens Exports in Vietnam

After three years of growth, overseas shipments of mounted objective lenses decreased by -31.1% to 892K units in 2022. Over the period under review, total exports indicated a mild expansion from 2019 to 2022: its volume increased at an average annual rate of +1.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 44% against the previous year. As a result, the exports reached the peak of 1.3M units, and then contracted significantly in the following year.

In value terms, mounted objective lens exports reduced notably to $116M in 2022. Overall, exports showed a mild setback. The pace of growth appeared the most rapid in 2020 with an increase of 42%. Over the period under review, the exports hit record highs at $192M in 2021, and then reduced markedly in the following year.

Export of Mounted Objective Lens in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	71.1	122	135	66.6	-2.2%
Japan	14.1	11.2	11.5	16.1	4.5%
South Korea	26.6	17.4	16.3	8.7	-31.1%
United States	1.0	1.6	4.2	7.5	95.7%
Hong Kong SAR	3.4	2.3	13.0	7.5	30.2%
Germany	1.4	0.5	0.9	5.2	54.9%
Taiwan (Chinese)	1.1	15.7	8.7	2.9	38.1%
Others	3.4	2.4	1.7	1.7	-20.6%
Total	122	173	192	116	-1.7%

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

China (378.4K units)
Japan (170.6K units)
South Korea (87.3K units)
Hong Kong SAR (79.3K units)
United States (79.2K units)
Germany (55.6K units)
Taiwan (Chinese) (22.5K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the mounted objective lens market in Vietnam. 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:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
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