Global Objective Lens Market Overview
In value terms, objective lens production stood at $ in estimated in export prices. In general, production continues to indicate a slight decline. The pace of growth was the most pronounced in 2008 when the production volume increased by % y-o-y. Global production peaked at $ in 2012; however, from 2013 to , production failed to regain the momentum.
The countries with the highest volumes of objective lens production in were China ( units), Japan ( units) and the U.S. ( units), with a combined % share of global production. Thailand, Taiwan (Chinese), Bangladesh, Malaysia, Indonesia, South Korea, Democratic Republic of the Congo, the Philippines and France lagged somewhat behind, together comprising a further %.
From 2007 to , the biggest increases were in South Korea, while objective lens production for the other global leaders experienced more modest paces of growth.
The global objective lens market value stood at $ in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the market value increased by % year-to-year. As a result, consumption attained the peak level of $. from 2013 to , the growth of the global market remained at a lower figure.
From 2007 to , the biggest increases were in South Korea, while objective lens consumption for the other global leaders experienced more modest paces of growth.
In value terms, Japan ($) led the market, alone. The second position in the ranking was occupied by China ($). It was followed by the U.S..
From 2007 to , the average annual growth rate of value in Japan amounted to -%. The remaining consuming countries recorded the following average annual rates of market growth: China (-% per year) and the U.S. (+% per year).
In , the highest levels of objective lens per capita consumption was registered in Hong Kong SAR ( units per persons), followed by Japan ( units per persons), South Korea ( units per persons) and the U.S. ( units per persons), while the world average per capita consumption of objective lens was estimated at units per persons.
In Hong Kong SAR, objective lens per capita consumption decreased by an average annual rate of -% over the period from 2007-. In the other countries, the average annual rates were as follows: Japan (-% per year) and South Korea (+% per year).