South Africa: Optical Telescope Market 2024

Optical Telescope Market Size in South Africa

In 2021, the South African optical telescope market increased by 4.8% to $X, rising for the third year in a row after four years of decline. Overall, consumption, however, continues to indicate a significant decrease. Optical telescope consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Optical Telescope Production in South Africa

In value terms, optical telescope production dropped to $X in 2021 estimated in export price. Overall, production saw a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Optical Telescope Exports

Exports from South Africa

In 2021, shipments abroad of optical telescopes was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, showed a precipitous descent. The most prominent rate of growth was recorded in 2014 with an increase of 111%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, optical telescope exports reduced rapidly to $X in 2021. Overall, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of 264% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X units), Namibia (X units) and Botswana (X units) were the main destinations of optical telescope exports from South Africa, together accounting for 83% of total exports. These countries were followed by the UK, Lesotho, Germany, Zimbabwe and Belgium, which together accounted for a further 11%.

From 2012 to 2021, the biggest increases were in the UK (with a CAGR of +11.6%), while shipments for the other leaders experienced a decline.

In value terms, Namibia ($X) remains the key foreign market for optical telescope exports from South Africa, comprising 27% of total exports. The second position in the ranking was taken by Botswana ($X), with a 13% share of total exports. It was followed by Democratic Republic of the Congo, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Namibia stood at -6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (+3.7% per year) and Democratic Republic of the Congo (-8.3% per year).

Export Prices by Country

The average optical telescope export price stood at $X per unit in 2021, dropping by -51.8% against the previous year. In general, the export price, however, recorded a significant increase. The growth pace was the most rapid in 2016 an increase of 28,955%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while the average price for exports to Democratic Republic of the Congo ($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 Malaysia (+103,514,133.8%), while the prices for the other major destinations experienced more modest paces of growth.

Optical Telescope Imports

Imports into South Africa

In 2021, imports of optical telescopes into South Africa surged to X units, growing by 41% against the previous year. In general, imports, however, faced a significant decrease. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, optical telescope imports surged to $X in 2021. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -4.9% against 2019 indices. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X units) constituted the largest optical telescope supplier to South Africa, accounting for a 78% share of total imports. Moreover, optical telescope imports from India exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was held by the UK (X units), with a 1.2% share.

From 2012 to 2021, the average annual growth rate of volume from India amounted to +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-35.6% per year) and the UK (-49.1% per year).

In value terms, China ($X) constituted the largest supplier of optical telescope to South Africa, comprising 30% of total imports. The second position in the ranking was taken by the United States ($X), with an 8.6% share of total imports. It was followed by the UK, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.6% per year) and the UK (+5.3% per year).

Import Prices by Country

The average optical telescope import price stood at $X per unit in 2021, growing by 7.3% against the previous year. In general, the import price posted a significant expansion. The most prominent rate of growth was recorded in 2016 an increase of 14,214% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Swaziland (+5,328.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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