Africa: Binocular Market 2024

Binocular Market Size in Africa

The African binocular market shrank slightly to $X in 2022, approximately reflecting the previous year. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Binocular Production in Africa

In value terms, binocular production dropped modestly to $X in 2022 estimated in export price. The total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Binocular Exports

Exports in Africa

In 2022, shipments abroad of binoculars increased by X% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports posted buoyant growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, binocular exports surged to $X in 2022. Overall, exports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Mauritius represented the largest exporting country with an export of around X units, which resulted at X% of total exports. South Africa (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Algeria (X%) and Kenya (X%). Nigeria (X units) and Tanzania (X units) followed a long way behind the leaders.

Exports from Mauritius increased at an average annual rate of X% from 2012 to 2022. At the same time, Kenya (X%), Tanzania (X%), Algeria (X%), Nigeria (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Mauritius (X p.p.), Kenya (X p.p.) and Algeria (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest binocular supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Mauritius ($X), with a X% share of total exports. It was followed by Algeria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Mauritius (X% per year) and Algeria (X% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price, however, saw a deep slump. The pace of growth was the most pronounced in 2016 an increase of X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while Tanzania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced mixed trends in the export price figures.

Binocular Imports

Imports in Africa

In 2022, overseas purchases of binoculars were finally on the rise to reach X units after two years of decline. In general, imports saw buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, binocular imports surged to $X in 2022. Over the period under review, imports posted a resilient increase. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Cote d'Ivoire was the major importer of binoculars in Africa, with the volume of imports reaching X units, which was near X% of total imports in 2022. South Africa (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Morocco (X%). Tanzania (X units), Democratic Republic of the Congo (X units), Libya (X units), Mauritania (X units) and Mauritius (X units) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to binocular imports into Cote d'Ivoire stood at X%. At the same time, Democratic Republic of the Congo (X%), Mauritania (X%), Tanzania (X%), Morocco (X%), Mauritius (X%) and Libya (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, South Africa (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cote d'Ivoire, Morocco, Democratic Republic of the Congo, Tanzania and Mauritania increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest binocular importing markets in Africa were Morocco ($X), South Africa ($X) and Democratic Republic of the Congo ($X), together accounting for X% of total imports.

Democratic Republic of the Congo, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per unit, declining by X% against the previous year. Over the period under review, the import price saw a mild decline. The growth pace was the most rapid in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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