Tanzania: Mounted Objective Lens Market 2024

Mounted Objective Lens Market Size in Tanzania

The Tanzanian mounted objective lens market shrank slightly to $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Mounted Objective Lens Production in Tanzania

In value terms, mounted objective lens production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 44% against the previous year. Mounted objective lens production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Mounted Objective Lens Exports

Exports from Tanzania

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. Over the period under review, exports recorded buoyant growth. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, mounted objective lens exports soared to $X in 2022. Overall, exports showed a prominent expansion. The pace of growth was the most pronounced in 2019 with an increase of 328%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Switzerland (X units) was the main destination for mounted objective lens exports from Tanzania, accounting for a 15% share of total exports. Moreover, mounted objective lens exports to Switzerland exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Switzerland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (-21.7% per year) and Comoros (0.0% per year).

In value terms, Switzerland ($X) emerged as the key foreign market for mounted objective lenses exports from Tanzania, comprising 84% of total exports. The second position in the ranking was taken by Comoros ($X), with a 9.3% share of total exports. It was followed by Democratic Republic of the Congo, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Switzerland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Comoros (+962.2% per year) and Democratic Republic of the Congo (-31.6% per year).

Export Prices by Country

In 2021, the average mounted objective lens export price amounted to $X per unit, rising by 18% against the previous year. Overall, the export price saw a strong expansion. The pace of growth appeared the most rapid in 2018 an increase of 123%. The export price peaked in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Kenya ($X per unit), while the average price for exports to Democratic Republic of the Congo ($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 the UK (+33.0%), while the prices for the other major destinations experienced more modest paces of growth.

Mounted Objective Lens Imports

Imports into Tanzania

In 2022, supplies from abroad of mounted objective lenses decreased by -49.6% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, showed a moderate increase. The most prominent rate of growth was recorded in 2021 when imports increased by 347% against the previous year. As a result, imports reached the peak of X units, and then contracted notably in the following year.

In value terms, mounted objective lens imports dropped sharply to $X in 2022. Over the period under review, imports saw a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 252%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), India (X units) and Japan (X units) were the main suppliers of mounted objective lens imports to Tanzania, with a combined 4.4% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +52.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of mounted objective lenses to Tanzania, comprising 58% of total imports. The second position in the ranking was held by India ($X), with a 6.7% share of total imports. It was followed by the United States, with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan amounted to +77.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+34.8% per year) and the United States (+25.4% per year).

Import Prices by Country

The average mounted objective lens import price stood at $X per unit in 2021, falling by -21.4% against the previous year. Overall, the import price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2017 an increase of 189% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kenya (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform