Morocco: Mounted Objective Lens Market 2024

Mounted Objective Lens Market Size in Morocco

The Moroccan mounted objective lens market skyrocketed to $X in 2022, rising by 22% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Mounted Objective Lens Exports

Exports from Morocco

In 2022, shipments abroad of mounted objective lenses was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, exports posted significant growth. The pace of growth was the most pronounced in 2015 with an increase of 31,271% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, mounted objective lens exports skyrocketed to $X in 2022. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2015 with an increase of 13,424%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X units) was the main destination for mounted objective lens exports from Morocco, with a 6.4% share of total exports. Moreover, mounted objective lens exports to the Netherlands exceeded the volume sent to the second major destination, Cote d'Ivoire (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands stood at +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (-11.5% per year) and Gambia (0.0% per year).

In value terms, the Netherlands ($X) remains the key foreign market for mounted objective lenses exports from Morocco, comprising 605% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 32% share of total exports. It was followed by Germany, with a 21% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands stood at +17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (-7.3% per year) and Germany (-34.3% per year).

Export Prices by Country

The average mounted objective lens export price stood at $X per unit in 2021, falling by -82.7% against the previous year. Over the period under review, the export price faced a significant decrease. The pace of growth appeared the most rapid in 2018 when the average export price increased by 2,508% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Gambia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+88.0%), while the prices for the other major destinations experienced more modest paces of growth.

Mounted Objective Lens Imports

Imports into Morocco

In 2022, after two years of decline, there was significant growth in supplies from abroad of mounted objective lenses, when their volume increased by 37% to X units. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by 237%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, mounted objective lens imports rose markedly to $X in 2022. Overall, imports posted a perceptible increase. The most prominent rate of growth was recorded in 2015 when imports increased by 247% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X units), the United Arab Emirates (X units) and Japan (X units) were the main suppliers of mounted objective lens imports to Morocco, together accounting for 10% of total imports. Taiwan (Chinese), France, Austria, Spain and Germany lagged somewhat behind, together comprising a further 4%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +23.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the United Arab Emirates ($X) and China ($X) were the largest mounted objective lens suppliers to Morocco, with a combined 39% share of total imports. Germany, France, Taiwan (Chinese), Spain and Austria lagged somewhat behind, together accounting for a further 11%.

Taiwan (Chinese), with a CAGR of +23.7%, saw 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

In 2021, the average mounted objective lens import price amounted to $X per unit, growing by 114% against the previous year. Over the period under review, the import price posted a resilient increase. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, 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 ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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