ECOWAS: Mounted Objective Lens Market 2024

Mounted Objective Lens Market Size in ECOWAS

The ECOWAS mounted objective lens market declined to $X in 2022, almost unchanged from the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Mounted Objective Lens Production in ECOWAS

In value terms, mounted objective lens production contracted slightly 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 only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Mounted Objective Lens Exports

Exports in ECOWAS

In 2022, approx. X units of mounted objective lenses were exported in ECOWAS; jumping by X% against the year before. Overall, exports, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mounted objective lens exports expanded significantly to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The shipments of the three major exporters of mounted objective lenses, namely Guinea, Nigeria and Mali, represented more than two-thirds of total export. It was distantly followed by Niger (X units), generating a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Niger (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Niger ($X) remains the largest mounted objective lens supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Guinea ($X), with a X% share of total exports. It was followed by Nigeria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Niger stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Guinea (X% per year) and Nigeria (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, declining by X% against the previous year. In general, the export price, however, saw prominent growth. The pace of growth appeared the most rapid in 2019 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per unit in 2021, and then dropped in the following year.

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

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

Mounted Objective Lens Imports

Imports in ECOWAS

In 2022, approx. X units of mounted objective lenses were imported in ECOWAS; picking up by X% on 2021 figures. Overall, imports recorded prominent growth. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, mounted objective lens imports reduced rapidly to $X in 2022. In general, imports saw buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Nigeria (X units) represented the main importer of mounted objective lenses, achieving X% of total imports. Benin (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (X%) and Ghana (X%). The following importers - Togo (X units), Niger (X units) and Guinea (X units) - each reached a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to mounted objective lens imports into Nigeria stood at X%. At the same time, Benin (X%), Togo (X%), Cote d'Ivoire (X%), Guinea (X%) and Niger (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria, Benin, Cote d'Ivoire and Togo increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X), Ghana ($X) and Togo ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Togo, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 ECOWAS amounted to $X per unit, which is down by X% against the previous year. Overall, the import price recorded a slight decrease. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. The level of import peaked at $X per unit in 2021, and then reduced notably in the following year.

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 Togo ($X per unit), while Benin ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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