Global Mounted Lens Market 2024

Mounted Lens Market Size

In 2022, the global mounted lens market decreased by X% to $X, falling for the third consecutive year after four years of growth. Over the period under review, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Over the period under review, the global market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Mounted Lens Production

In value terms, mounted lens production contracted to $X in 2022 estimated in export price. Overall, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, global production growth remained at a lower figure.

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Mounted Lens Exports

Exports

After three years of growth, shipments abroad of mounted lenses, prisms and mirrors decreased by X% to X units in 2022. Over the period under review, exports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The global exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, mounted lens exports fell to $X in 2022. Overall, total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

China was the largest exporter of mounted lenses, prisms and mirrors in the world, with the volume of exports resulting at X units, which was approx. X% of total exports in 2022. It was distantly followed by Spain (X units), making up a X% share of total exports. The following exporters - Germany (X units), Japan (X units), the United States (X units), Thailand (X units), the Netherlands (X units), Singapore (X units) and Taiwan (Chinese) (X units) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%), Taiwan (Chinese) (X%), the Netherlands (X%), the United States (X%) and Spain (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Japan, Singapore and Germany experienced a relatively flat trend pattern. China (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the global exports, while Singapore, Japan, Germany and Spain saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest mounted lens supplying countries worldwide were China ($X), Germany ($X) and Japan ($X), together comprising X% of global exports. Taiwan (Chinese), the United States, Thailand, Singapore, the Netherlands and Spain lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average mounted lens export price stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the export price, however, saw a slight decline. The most prominent rate of growth was recorded in 2018 an increase of X%. The global export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other global leaders experienced more modest paces of growth.

Mounted Lens Imports

Imports

In 2022, supplies from abroad of mounted lenses, prisms and mirrors increased by X% to X units, rising for the third year in a row after two years of decline. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, global imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, mounted lens imports rose modestly to $X in 2022. Overall, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Global imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

China represented the main importer of mounted lenses, prisms and mirrors in the world, with the volume of imports finishing at X units, which was approx. X% of total imports in 2022. It was distantly followed by the UK (X units) and Hong Kong SAR (X units), together constituting an X% share of total imports. Italy (X units), South Korea (X units), Spain (X units), Vietnam (X units), Germany (X units), the Netherlands (X units), the Philippines (X units), Japan (X units) and Belgium (X units) took a minor share of total imports.

China was also the fastest-growing in terms of the mounted lenses, prisms and mirrors imports, with a CAGR of X% from 2012 to 2022. At the same time, the Philippines (X%), Italy (X%), the UK (X%), Vietnam (X%), Belgium (X%), South Korea (X%) and Germany (X%) displayed positive paces of growth. By contrast, Spain (X%), Hong Kong SAR (X%), the Netherlands (X%) and Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), the UK (X p.p.), Italy (X p.p.) and the Philippines (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Spain (X p.p.), the Netherlands (X p.p.), Japan (X p.p.) and Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported mounted lenses, prisms and mirrors worldwide, comprising X% of global imports. The second position in the ranking was taken by South Korea ($X), with a X% share of global imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China stood at X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Vietnam (X% per year).

Import Prices by Country

The average mounted lens import price stood at $X per unit in 2022, falling by X% against the previous year. Overall, the import price saw a mild shrinkage. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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