Asia: Mounted Lens Market 2024

Mounted Lens Market Size in Asia

The Asian mounted lens market reached $X in 2022, growing by X% against the previous year. In general, consumption, however, continues to indicate a mild descent. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Mounted Lens Production in Asia

In value terms, mounted lens production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

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Mounted Lens Exports

Exports in Asia

In 2022, shipments abroad of mounted lenses, prisms and mirrors increased by X% to X units, rising for the fifth consecutive year after two years of decline. In general, exports recorded a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, mounted lens exports declined to $X in 2022. Total exports indicated buoyant 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

China dominates exports structure, reaching X units, which was near X% of total exports in 2022. Japan (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (X%). Singapore (X units), Taiwan (Chinese) (X units), Hong Kong SAR (X units) and Vietnam (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to mounted lens exports from China stood at X%. At the same time, Thailand (X%), Taiwan (Chinese) (X%), Vietnam (X%) and Hong Kong SAR (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Japan and Singapore experienced a relatively flat trend pattern. China (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR, Singapore and Japan saw its share reduced by 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, China ($X) remains the largest mounted lens supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

In China, mounted lens exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the export price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 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) ($X per unit), while China ($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 leaders experienced more modest paces of growth.

Mounted Lens Imports

Imports in Asia

In 2022, purchases 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. Total imports indicated buoyant growth 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 growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, mounted lens imports rose modestly to $X in 2022. In general, imports posted a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

China represented the largest importer of mounted lenses, prisms and mirrors in Asia, with the volume of imports recording X units, which was near X% of total imports in 2022. It was distantly followed by Hong Kong SAR (X units), South Korea (X units) and Vietnam (X units), together mixing up a X% share of total imports. The Philippines (X units), Japan (X units), Taiwan (Chinese) (X units), Thailand (X units) and Singapore (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%), Vietnam (X%), South Korea (X%), Taiwan (Chinese) (X%), Thailand (X%) and Singapore (X%) displayed positive paces of growth. By contrast, Hong Kong SAR (X%) and Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, the Philippines and Vietnam increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, mounted lens imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, which is down by X% against the previous year. Import price indicated mild growth from 2012 to 2022: its price 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, mounted lens import price decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2015 when the import price increased by X%. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the Philippines ($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 leaders experienced more modest paces of growth.

Source: IndexBox Platform

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