Africa: Mounted Objective Lens Market 2024

Mounted Objective Lens Market Size in Africa

The African mounted objective lens market contracted slightly to $X in 2022, flattening at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Mounted Objective Lens Production in Africa

In value terms, mounted objective lens production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Mounted Objective Lens Exports

Exports in Africa

In 2022, shipments abroad of mounted objective lenses increased by X% to X units, rising for the second consecutive year after three years of decline. In general, exports, however, saw a perceptible setback. The volume of export peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, mounted objective lens exports skyrocketed to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

South Africa dominates exports structure, accounting for X units, which was near X% of total exports in 2022. Tunisia (X units), Morocco (X units) and Rwanda (X units) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to mounted objective lens exports from South Africa stood at X%. At the same time, Rwanda (X.7%), Morocco (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Rwanda emerged as the fastest-growing exporter exported in Africa, with a CAGR of X.7% from 2012-2022. While the share of Tunisia (X p.p.), Morocco (X p.p.) and Rwanda (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics.

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

In South Africa, mounted objective lens exports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Tunisia (X% per year) and Morocco (X% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, dropping by X% against the previous year. In general, the export price, however, showed a notable expansion. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Tunisia ($X per unit), while Rwanda ($X per unit) was amongst the lowest.

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

Mounted Objective Lens Imports

Imports in Africa

In 2022, approx. X units of mounted objective lenses were imported in Africa; picking up by X% against the year before. In general, imports, however, showed a mild decline. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, mounted objective lens imports skyrocketed to $X in 2022. Overall, imports, however, recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Africa was the largest importing country with an import of about X units, which accounted for X% of total imports. Tunisia (X units) took the second position in the ranking, followed by Angola (X units). All these countries together took approx. X% share of total imports. Algeria (X units), Morocco (X units), Uganda (X units), Kenya (X units), Namibia (X units), Burundi (X units), Libya (X units), Mauritius (X units), Democratic Republic of the Congo (X units) and Nigeria (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to mounted objective lens imports into South Africa stood at X%. At the same time, Libya (X%), Uganda (X%), Tunisia (X%), Burundi (X%), Algeria (X%), Nigeria (X%), Morocco (X%), Mauritius (X%), Kenya (X%), Namibia (X%) and Democratic Republic of the Congo (X%) displayed positive paces of growth. Moreover, Libya emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Angola (X%) illustrated a downward trend over the same period. Tunisia (X p.p.), Algeria (X p.p.), Uganda (X p.p.), Morocco (X p.p.), Burundi (X p.p.), Libya (X p.p.) and Democratic Republic of the Congo (X p.p.) significantly strengthened its position in terms of the total imports, while Angola and South Africa saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported mounted objective lenses in Africa, comprising X% of total imports. The second position in the ranking was taken by Morocco ($X), with a X% share of total imports. 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 amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Morocco (X% per year) and Algeria (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per unit, shrinking by X% against the previous year. In general, the import price recorded a mild decrease. The pace of growth was the most pronounced in 2015 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per unit), while Burundi ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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