Objective Lens Market Overview in Israel
In value terms, objective lens production reduced slightly to $ in estimated in export prices. In general, the total production indicated a moderate expansion from 2007 to : its value decreased at an average annual rate of -% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2018 indices. The pace of growth appeared the most rapid in 2012 when the production volume increased by % year-to-year. Objective lens production peaked at $ in 2015; however, from 2016 to , production remained at a lower figure.
The revenue of the objective lens market in Israel rose to $ 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). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2012 when the market value increased by % y-o-y. Objective lens consumption peaked at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.