Latest Report Update: Sep 11, 2021

Nigeria - Objective Lenses For Cameras, Projectors Or Photographic Enlargers Or Reducers - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Objective Lens Market Overview 2021

Objective Lens Market Size in Nigeria

In 2020, the Nigerien objective lens market decreased by -X% to $X, falling for the second consecutive year after six years of growth. Over the period under review, consumption showed a deep downturn. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Objective Lens Exports

Exports from Nigeria

In 2020, approx. X units of objective lenses for cameras, projectors or photographic enlargers or reducers were exported from Nigeria; declining by -X% on 2019 figures. In general, exports faced a precipitous descent. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Exports peaked at X units in 2016; however, from 2017 to 2020, exports remained at a lower figure.

In value terms, objective lens exports dropped dramatically to $X in 2020. Overall, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2016; however, from 2017 to 2020, exports stood at a somewhat lower figure.

Exports by Country

South Africa (X units) was the main destination for objective lens exports from Nigeria, accounting for a X% share of total exports. Moreover, objective lens exports to South Africa exceeded the volume sent to the second major destination, the UK (X units), fourfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to South Africa stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-X% per year) and Thailand (-X% per year).

In value terms, South Africa ($X) remains the key foreign market for objective lens exports from Nigeria, comprising X% of total exports. The second position in the ranking was occupied by the UK ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to South Africa amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-X% per year) and Thailand (-X% per year).

Export Prices by Country

The average objective lens export price stood at $X per unit in 2020, rising by X% against the previous year. Over the period under review, the export price enjoyed significant growth. The most prominent rate of growth was recorded in 2009 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs in 2020 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was South Africa ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to South Africa, while the prices for the other major destinations experienced mixed trend patterns.

Objective Lens Imports

Imports into Nigeria

In 2020, overseas purchases of objective lenses for cameras, projectors or photographic enlargers or reducers decreased by -X% to X units, falling for the second consecutive year after six years of growth. Over the period under review, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2015 when imports increased by X% year-to-year. Imports peaked at X units in 2009; however, from 2010 to 2020, imports stood at a somewhat lower figure.

In value terms, objective lens imports fell markedly to $X in 2020. Overall, imports faced a abrupt descent. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, the U.S. (X units) constituted the largest supplier of objective lens to Nigeria, accounting for a X% share of total imports. Moreover, objective lens imports from the U.S. exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. The UK (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from the U.S. amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+X% per year) and the UK (-X% per year).

In value terms, the UK ($X), Singapore ($X) and Germany ($X) were the largest objective lens suppliers to Nigeria, together comprising X% of total imports.

In terms of the main suppliers, Singapore recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average objective lens import price stood at $X per unit in 2020, increasing by X% against the previous year. Overall, the import price continues to indicate noticeable growth. The most prominent rate of growth was recorded in 2010 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. from 2011 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Singapore ($X per unit), while the price for the U.S. ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Singapore, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for objective lenses for cameras, projectors or photographic enlargers or reducers in the world?
+
The countries with the highest volumes of objective lens consumption in 2020 were China (4.4M units), Japan (3.9M units) and the U.S. (3.2M units), with a combined 55% share of global consumption. These countries were followed by South Korea, Hong Kong SAR, Indonesia, Germany, Bangladesh, Viet Nam, France and Democratic Republic of the Congo, which together accounted for a further 21%.
What are the largest producers of objective lenses for cameras, projectors or photographic enlargers or reducers in the world?
+
The countries with the highest volumes of objective lens production in 2020 were China (4.9M units), Japan (4.9M units) and the U.S. (1M units), with a combined 60% share of global production. These countries were followed by Thailand, Taiwan (Chinese), Bangladesh, Malaysia, Indonesia, South Korea, Democratic Republic of the Congo, the Philippines and France, which together accounted for a further 23%.
What are the leading suppliers of objective lenses for cameras, projectors or photographic enlargers or reducers to Nigeria?
+
In value terms, the largest objective lens suppliers to Nigeria were the UK ($128K), Singapore ($93K) and Germany ($70K), together accounting for 75% of total imports.
What are the leading importers of objective lenses for cameras, projectors or photographic enlargers or reducers from Nigeria?
+
In value terms, South Africa ($834) remains the key foreign market for objective lens exports from Nigeria, comprising 87% of total exports. The second position in the ranking was occupied by the UK ($85), with a 8.8% share of total exports.
What is the average export price for objective lenses for cameras, projectors or photographic enlargers or reducers in Nigeria?
+
In 2020, the average objective lens export price amounted to $575 per unit, rising by 56% against the previous year.
What is the average import price for objective lenses for cameras, projectors or photographic enlargers or reducers in Nigeria?
+
The average objective lens import price stood at $835 per unit in 2020, increasing by 13% against the previous year.

Product coverage:
• Prodcom 26701100 - Mounted objective lenses, of any material, for cameras, p rojectors or photographic enlargers or reducers

This report provides an in-depth analysis of the objective lens market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Nigeria

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Nigeria
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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