CIPA has released its data for May of this year, and the Japanese companies seem to be moving quite along in shipping more units out this year than last year.

Overall, looking at the year-on-year data for January through the end of May, the Japanese companies have shipped 9% more units than last year, for a slightly increased average per unit value, as the overall net value increased by 12%. Globally, China and the Americas are leading the charge with impressive year-on-year gains in units shipped of 28% and 19% respectively.

A closer look at Asia shows that it's dominating the market in both terms of value and of units shipped. In absolute terms, the largest ILC market is China followed by the Americas. Overall, Asia holds the edge in terms of units shipped.

If we look at full-frame lenses, we have a very similar graph.

If we look at the overall graph of 2024 as compared to 2022 and 2023, we can see that the trend is positive for 2024, especially during the first couple of months of 2024.

However, even after the first few months, 2024 has maintained its pace. I think next month should be interesting as shipments fell a bit in June 2023. Will 2024 keep pace, or pull even further ahead? I think much of that will be determined by shipments to the Americas and China, and the state of the Yen to the US Dollar and Yuan.

Source: CIPA

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39 comments

  1. China is now the biggest market by volume but what about revenue?. Interesting.
    It's not going to be low. Many Chinese consumers are willing to buy Fuji and Canon's white R50/RF50 f1.8, despite dealerships are selling it above MSRP.
    Sony continues mid range dominance, Nikon Zf Z8 is selling like hot cakes, Panasonic S5ii also has a fair share.

    CIPA probably didn't have the data, but 3rd parties lenses that's domestically made in China stimulates a lot of people getting MILC.
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  2. Is there a breakdown by companies? It would be interesting to see which of Canon, Sony, Fuji and Nikon have gained greater share of the increase.
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  3. CIPA probably didn't have the data, but 3rd parties lenses that's domestically made in China stimulates a lot of people getting MILC.
    They make a lot of AF Chinese lenses that only sell in China.
    I have heard Japanese people praising Canon for saving Sigma and Tamron for letting them make third-party lenses.
    China is the largest individual market but as long as Canon leaves the Chinese lens manufacturers alone in China, the Chinese camera buyers do not seem to hold it against Canon for not yet licensing to Chinese companies for the RF mount.
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  4. They make a lot of AF Chinese lenses that only sell in China.
    I have heard Japanese people praising Canon for saving Sigma and Tamron for letting them make third-party lenses.
    China is the largest individual market but as long as Canon leaves the Chinese lens manufacturers alone in China, the Chinese camera buyers do not seem to hold it against Canon for not yet licensing to Chinese companies for the RF mount.
    Viltrox Yongnuo e.t.c are well aware they can take advantage(abuse) the Chinese law so Canon Nikon won't take any action on them. All those companies will not pay tax to 1st parties manufacturers.

    I don't know much about the Japanese community, but majority of the Chinese enthusiasts still hate Canon as the MSRP of Sigma 18-50 RF-S is relatively expensive in China. As the E/X/L mount were sub-$440 in China for a long time. And they're like the Sonytrolls, they've shift the complain goalposts to full frame 3rd party zooms.
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  5. Stay tuned. :) Canon's next financial reports will be released on July 25.
    What could possibly go wrong. If the financial result is DOOOOMMMED enough, complete open of RF mount is possible. And we can switch to Sony is DOOOOMMMMMEEEEDDDDD
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  6. Viltrox Yongnuo e.t.c are well aware they can take advantage(abuse) the Chinese law so Canon Nikon won't take any action on them. All those companies will not pay tax to 1st parties manufacturers.

    I don't know much about the Japanese community, but majority of the Chinese enthusiasts still hate Canon as the MSRP of Sigma 18-50 RF-S is relatively expensive in China. As the E/X/L mount were sub-$440 in China for a long time. And they're like the Sonytrolls, they've shift the complain goalposts to full frame 3rd party zooms.

    I'm not sure about the Canon hate in China. I doubt the price of the 10-18 would cause Chinese photographers that are primarily full frame switch brands.

    looking at the stats, it seems that China is being shipped primarily full frame.
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  7. I'm not sure about the Canon hate in China. I doubt the price of the 10-18 would cause Chinese photographers that are primarily full frame switch brands.

    The question that needs to be asked is why isn't there a Chinese brand MILC?
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  8. I'm not sure about the Canon hate in China. I doubt the price of the 10-18 would cause Chinese photographers that are primarily full frame switch brands.

    looking at the stats, it seems that China is being shipped primarily full frame.
    Cameras and lenses for the E-mount camp are relatively cheap in China. There's strong peer pressure to push CanNikon users to dump their existing good gear for switching to $ony.
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  9. Cameras and lenses for the E-mount camp are relatively cheap in China. There's strong peer pressure to push CanNikon users to dump their existing good gear for switching to $ony.

    All 3 are Japanese...
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  10. There's strong peer pressure to push CanNikon users to dump their existing good gear for switching to $ony.
    Is there a study/report that confirms the existence of this peer pressure? If so, can you share a link to it?
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