The market is dominated by domestic suppliers, as imports account for 0.1% of total market size in 2022. B2B drives market demand, with B2B spending representing 96.8% of total demand in 2022. China has the largest market size for optical instruments and photographic equipment regionally, with demand reaching USD22.5 billion in 2022. Sunny Optical Technology Co Ltd is the largest company in China, generating 10.0% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 19.3% of total production value in 2022. The total number of companies decreases in 2022, to 17,937 units. The costs of the industry decrease by 25.1% in 2022, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 8.5% of production value in 2022, the 12th highest regionally. The industry’s exports share decreases in 2022 to 18.2% of total production output. With production value of USD20.5 billion, China accounts for 41.7% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Optical Instruments and Photographic Equipment in China: ISIC 332. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Optical Instruments and Photographic Equipment in China: ISIC 332 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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