Angola: Mounted Lens Market 2022

Mounted Lens Market Size in Angola

In 2021, the Angolan mounted lens market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption enjoyed tangible growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Mounted Lens Exports

Exports from Angola

In 2021, approx. X kg of mounted lenses, prisms and mirrors were exported from Angola; with an increase of 67% against the previous year's figure. In general, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 700% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, mounted lens exports surged to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 446%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Denmark (X kg), the United States (X kg) and Belgium (X kg) were the main destinations of mounted lens exports from Angola.

From 2012 to 2021, the biggest increases were in Denmark (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) emerged as the key foreign market for mounted lens exports from Angola, comprising 61% of total exports. The second position in the ranking was held by the United States ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and Denmark (0.0% per year).

Export Prices by Country

The average mounted lens export price stood at $X per ton in 2021, rising by 8.4% against the previous year. In general, the export price, however, continues to indicate a deep downturn. The growth pace was the most rapid in 2015 when the average export price increased by 180%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Belgium ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+6.1%), while the prices for the other major destinations experienced a decline.

Mounted Lens Imports

Imports into Angola

In 2021, after two years of decline, there was significant growth in purchases abroad of mounted lenses, prisms and mirrors, when their volume increased by 824% to X tons. Overall, imports continue to indicate a noticeable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, mounted lens imports soared to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Portugal (X tons) constituted the largest mounted lens supplier to Angola, accounting for a 70% share of total imports. Moreover, mounted lens imports from Portugal exceeded the figures recorded by the second-largest supplier, India (X kg), sevenfold. The third position in this ranking was taken by China (X kg), with an 8.9% share.

From 2012 to 2021, the average annual growth rate of volume from Portugal amounted to +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+28.0% per year) and China (+6.6% per year).

In value terms, Portugal ($X) constituted the largest supplier of mounted lens to Angola, comprising 56% of total imports. The second position in the ranking was held by China ($X), with a 6.3% share of total imports. It was followed by the United Arab Emirates, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value from Portugal stood at +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.2% per year) and the United Arab Emirates (+59.7% per year).

Import Prices by Country

In 2021, the average mounted lens import price amounted to $X per ton, reducing by -58.3% against the previous year. Over the period under review, the import price saw a noticeable descent. The pace of growth appeared the most rapid in 2017 an increase of 122%. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Namibia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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