South Africa: Photo Camera Market 2024

Photo Camera Market Size in South Africa

The South African photo camera market was estimated at $X in 2022, growing by 5.8% against the previous year. Over the period under review, consumption posted a slight expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Photo Camera Production in South Africa

In value terms, photo camera production expanded rapidly to $X in 2022 estimated in export price. In general, production showed slight growth. The pace of growth was the most pronounced in 2020 when the production volume increased by 44% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Photo Camera Exports

Exports from South Africa

In 2022, shipments abroad of photographic (other than cinematographic) cameras increased by 111% to X units, rising for the second consecutive year after six years of decline. Overall, exports, however, saw a pronounced decline. The growth pace was the most rapid in 2021 with an increase of 264% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, photo camera exports soared to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 1,536% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Turkey (X units) was the main destination for photo camera exports from South Africa, with a 67% share of total exports. Moreover, photo camera exports to Turkey exceeded the volume sent to the second major destination, Namibia (X units), sevenfold. The third position in this ranking was held by Mauritius (X units), with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey totaled +160.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (-16.6% per year) and Mauritius (+65.1% per year).

In value terms, Turkey ($X) remains the key foreign market for photographic (other than cinematographic) cameras exports from South Africa, comprising 88% of total exports. The second position in the ranking was held by Germany ($X), with a 5.7% share of total exports. It was followed by Namibia, with a 1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey stood at +318.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+68.9% per year) and Namibia (-10.7% per year).

Export Prices by Country

The average photo camera export price stood at $X per unit in 2022, jumping by 83% against the previous year. In general, the export price continues to indicate significant growth. The pace of growth was the most pronounced in 2021 an increase of 350%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Mauritius ($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 Turkey (+60.5%), while the prices for the other major destinations experienced more modest paces of growth.

Photo Camera Imports

Imports into South Africa

In 2022, approx. X units of photographic (other than cinematographic) cameras were imported into South Africa; surging by 2% on the previous year's figure. Overall, imports, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 36% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, photo camera imports soared to $X in 2022. In general, imports, however, saw a perceptible descent. The pace of growth appeared the most rapid in 2017 with an increase of 145%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Thailand (X units) and Germany (X units) were the main suppliers of photo camera imports to South Africa, with a combined 80% share of total imports. The Philippines, the United States, Switzerland, Vietnam and Mexico lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +200.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest photo camera suppliers to South Africa were China ($X), the United States ($X) and Germany ($X), together accounting for 41% of total imports. Thailand, the Philippines, Vietnam, Mexico and Switzerland lagged somewhat behind, together accounting for a further 14%.

The Philippines, with a CAGR of +148.7%, recorded the highest rates of growth with regard to 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 photo camera import price stood at $X per unit in 2022, increasing by 51% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 86% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+93.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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