Eastern Europe: Objective Lens Market 2024

Objective Lens Market Size in Eastern Europe

For the fourth year in a row, the East European objective lens market recorded growth in sales value, which increased by X% to $X in 2023. Overall, consumption continues to indicate a notable expansion. Over the period under review, the market reached the peak level in 2023 and is likely to continue growth in the immediate term.

Objective Lens Production in Eastern Europe

In value terms, objective lens production fell slightly to $X in 2023 estimated in export price. In general, production showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Objective Lens Exports

Exports in Eastern Europe

In 2023, shipments abroad of objective lenses for cameras, projectors or photographic enlargers or reducers was finally on the rise to reach X units for the first time since 2019, thus ending a three-year declining trend. Overall, exports, however, showed a pronounced curtailment. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, objective lens exports soared to $X in 2023. In general, exports showed a measured increase. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

Poland (X units) and Hungary (X units) were the largest exporters of objective lenses for cameras, projectors or photographic enlargers or reducers in 2023, accounting for near X% and X% of total exports, respectively. Belarus (X units) ranks next in terms of the total exports with a X% share, followed by Slovakia (X%) and the Czech Republic (X%). Russia (X units) held a minor share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Hungary (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Slovakia ($X) and Poland ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Hungary, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the export price, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2022, and then declined in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Slovakia ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the other leaders experienced more modest paces of growth.

Objective Lens Imports

Imports in Eastern Europe

For the third year in a row, Eastern Europe recorded growth in overseas purchases of objective lenses for cameras, projectors or photographic enlargers or reducers, which increased by X% to X units in 2023. Over the period under review, imports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in the near future.

In value terms, objective lens imports rose significantly to $X in 2023. In general, imports recorded a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2023 and are likely to continue growth in the near future.

Imports by Country

Poland (X units) and Romania (X units) dominates imports structure, together comprising X% of total imports. The Czech Republic (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Hungary (X%). Russia (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Romania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest objective lens importing markets in Eastern Europe were Poland ($X), Hungary ($X) and Romania ($X), with a combined X% share of total imports.

Among the main importing countries, Hungary, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per unit, falling by X% against the previous year. Overall, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2023, 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 Russia ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform