South Africa: Optical Radiation Instruments Market 2024

Optical Radiation Instruments Market Size in South Africa

After four years of growth, the South African optical radiation instruments market decreased by X% to $X in 2022. Overall, consumption recorded a perceptible contraction. Optical radiation instruments consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Optical Radiation Instruments Exports

Exports from South Africa

Optical radiation instruments exports from South Africa declined dramatically to X units in 2022, with a decrease of X% against the year before. Overall, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2021, and then dropped dramatically in the following year.

In value terms, optical radiation instruments exports declined remarkably to $X in 2022. In general, exports, however, saw a moderate expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Zimbabwe (X units), Malawi (X units) and Zambia (X units) were the main destinations of optical radiation instruments exports from South Africa, with a combined X% share of total exports. Swaziland, the United States, Namibia, Tanzania, Nigeria, Uganda, Mozambique, Botswana, Togo and Kenya lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X), Zimbabwe ($X) and Zambia ($X) constituted the largest markets for optical radiation instruments exported from South Africa worldwide, with a combined X% share of total exports. Uganda, Botswana, Namibia, Tanzania, Malawi, Swaziland, Mozambique, Nigeria, Kenya and Togo lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Mozambique, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average optical radiation instruments export price stood at $X per unit in 2022, waning by X% against the previous year. In general, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Botswana ($X per unit), while the average price for exports to Togo ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (X%), while the prices for the other major destinations experienced a decline.

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Optical Radiation Instruments Imports

Imports into South Africa

In 2022, overseas purchases of instruments using optical radiations decreased by X% to X units, falling for the second consecutive year after three years of growth. In general, imports continue to indicate a pronounced slump. The pace of growth was the most pronounced in 2016 when imports increased by X%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, optical radiation instruments imports shrank sharply to $X in 2022. Overall, imports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of optical radiation instruments to South Africa, with a X% share of total imports. Moreover, optical radiation instruments imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. The third position in this ranking was held by China (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and China (X% per year).

In value terms, the United States ($X), Japan ($X) and China ($X) constituted the largest optical radiation instruments suppliers to South Africa, together accounting for X% of total imports.

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average optical radiation instruments import price stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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