The market is dominated by foreign suppliers, as imports account for 73.7% of total market size in 2020. Households drive market demand, with household spending representing 80.6% of total demand in 2020. The UK has the fourth largest market size for optical instruments and photographic equipment in the region, with demand reaching USD3.8 billion in 2020. CooperVision Mfg Ltd is the largest company in the UK, generating 13.6% of the industry’s total production value in 2020. The industry is fragmented, with the top five companies generating 34.2% of total production value in 2020. The total number of companies decreases in 2020, to 2,170 units. The costs of the industry decrease by 4.9% in 2020, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 25.8% of production value in 2020, the highest in the region. The industry’s exports share increases in 2020 to 65.6% of total production output. With production value of USD1.9 billion, the UK accounts for 7.0% of the Western Europe total in 2020.
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This Euromonitor industrial report provides unique information on Optical Instruments and Photographic Equipment in the UK: 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 the UK: ISIC 332 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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