Africa: Objective Lens Market 2024

Objective Lens Market Size in Africa

The African objective lens market dropped slightly to $X in 2023, reducing by X% against the previous year. In general, consumption continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Objective Lens Production in Africa

In value terms, objective lens production reduced to $X in 2023 estimated in export price. Over the period under review, production saw a noticeable setback. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Objective Lens Exports

Exports in Africa

After two years of growth, overseas shipments of objective lenses for cameras, projectors or photographic enlargers or reducers decreased by X% to X units in 2023. Over the period under review, exports showed a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, objective lens exports skyrocketed to $X in 2023. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, the exports attained the peak of $X. From 2016 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

South Africa prevails in exports structure, recording X units, which was approx. X% of total exports in 2023. It was distantly followed by Ghana (X units), mixing up a X% share of total exports. The following exporters - Tunisia (X units) and Seychelles (X units) - each amounted to a X% share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2023. At the same time, Ghana (X%), Seychelles (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Ghana and Seychelles increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual growth rate of value in South Africa was relatively modest. In the other countries, the average annual rates were as follows: Seychelles (X% per year) and Tunisia (X% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2023, jumping by X% against the previous year. In general, the export price showed a prominent expansion. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2023, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Seychelles ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced more modest paces of growth.

Objective Lens Imports

Imports in Africa

In 2023, supplies from abroad of objective lenses for cameras, projectors or photographic enlargers or reducers increased by X% to X units, rising for the third year in a row after four years of decline. In general, imports, however, continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

In value terms, objective lens imports shrank modestly to $X in 2023. Over the period under review, imports, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

South Africa prevails in imports structure, recording X units, which was approx. X% of total imports in 2023. It was distantly followed by Ghana (X units), comprising a X% share of total imports. Morocco (X units), Kenya (X units), Tanzania (X units), Nigeria (X units) and Mauritius (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to objective lens imports into South Africa stood at X%. At the same time, Nigeria (X%), Ghana (X%), Kenya (X%), Morocco (X%), Tanzania (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Ghana, Nigeria, Morocco, Kenya and Tanzania increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported objective lenses for cameras, projectors or photographic enlargers or reducers in Africa, comprising X% of total imports. The second position in the ranking was held by Kenya ($X), with a X% share of total imports. It was followed by Morocco, with a X% share.

In South Africa, objective lens imports decreased by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Kenya (X% per year) and Morocco (X% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2023, reducing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Mauritius ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform