Africa: Mounted Lens Market 2024

Mounted Lens Market Size in Africa

The African mounted lens market totaled $X in 2022, rising by X% against the previous year. Over the period under review, consumption continues to indicate a remarkable increase. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Mounted Lens Production in Africa

In value terms, mounted lens production expanded slightly to $X in 2022 estimated in export price. Overall, production posted prominent growth. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Mounted Lens Exports

Exports in Africa

In 2022, overseas shipments of mounted lenses, prisms and mirrors increased by X% to X units, rising for the second consecutive year after two years of decline. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, mounted lens exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa prevails in exports structure, reaching X units, which was near X% of total exports in 2022. It was distantly followed by Tanzania (X units), mixing up an X% share of total exports.

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

In value terms, South Africa ($X) remains the largest mounted lens supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Tanzania ($X), with a X% share of total exports.

In South Africa, mounted lens exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, surging by X% against the previous year. Overall, the export price, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 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 South Africa ($X per unit), while Tanzania totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Mounted Lens Imports

Imports in Africa

In 2022, purchases abroad of mounted lenses, prisms and mirrors increased by X% to X units, rising for the second year in a row after two years of decline. In general, imports posted a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, mounted lens imports surged to $X in 2022. Over the period under review, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Nigeria (X units) represented the key importer of mounted lenses, prisms and mirrors, creating X% of total imports. South Africa (X units) ranks second in terms of the total imports with a X% share, followed by Cote d'Ivoire (X%). Angola (X units), Algeria (X units) and Mauritius (X units) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the mounted lenses, prisms and mirrors imports, with a CAGR of X% from 2012 to 2022. At the same time, Mauritius (X%), Algeria (X%), Cote d'Ivoire (X%) and South Africa (X%) displayed positive paces of growth. By contrast, Angola (X%) illustrated a downward trend over the same period. Nigeria (X p.p.), Cote d'Ivoire (X p.p.), Mauritius (X p.p.) and Algeria (X p.p.) significantly strengthened its position in terms of the total imports, while South Africa and Angola saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported mounted lenses, prisms and mirrors in Africa, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports. It was followed by Algeria, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria amounted to X%. In the other countries, the average annual rates were as follows: South Africa (X% per year) and Algeria (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per unit, dropping by X% against the previous year. Import price indicated a moderate expansion from 2012 to 2022: its price 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. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, import prices reached the maximum at $X per unit in 2021, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Algeria ($X per unit), while Mauritius ($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 import price figures.

Source: IndexBox Platform

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