Objective Lens Market Overview in Germany
In value terms, objective lens production contracted markedly to $ in 2019 estimated in export prices. In general, production continues to indicate measured growth. The most prominent rate of growth was recorded in 2011 when the production volume increased by % against the previous year. Objective lens production peaked at $ in 2013; however, from 2014 to 2019, production failed to regain the momentum.
The value of the objective lens market in Germany stood at $ in 2019, increasing by % 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 showed a tangible expansion. The pace of growth was the most pronounced in 2010 with an increase of % year-to-year. Objective lens consumption peaked at $ in 2012; however, from 2013 to 2019, consumption remained at a lower figure.