Tunisia: Mounted Objective Lens Market 2024

Mounted Objective Lens Market Size in Tunisia

The Tunisian mounted objective lens market contracted to $X in 2022, waning by -5.6% against the previous year. Over the period under review, consumption showed a perceptible downturn. Mounted objective lens consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Mounted Objective Lens Production in Tunisia

In value terms, mounted objective lens production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a slight curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 26% against the previous year. Mounted objective lens production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Mounted Objective Lens Exports

Exports from Tunisia

Mounted objective lens exports from Tunisia surged to X units in 2022, growing by 38% on 2021 figures. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2014 when exports increased by 2,071%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, mounted objective lens exports skyrocketed to $X in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 2,421% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The United States (X units), Germany (X units) and the Czech Republic (X units) were the main destinations of mounted objective lens exports from Tunisia, together accounting for 1.8% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +900.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for mounted objective lenses exports from Tunisia, comprising 29% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 14% share of total exports. It was followed by Germany, with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +51.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-8.3% per year) and Germany (+80.0% per year).

Export Prices by Country

The average mounted objective lens export price stood at $X per unit in 2021, shrinking by -58.3% against the previous year. Over the period under review, the export price showed a abrupt setback. The pace of growth appeared the most rapid in 2017 an increase of 80%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Switzerland ($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 United States (+17.1%), while the prices for the other major destinations experienced mixed trend patterns.

Mounted Objective Lens Imports

Imports into Tunisia

In 2022, overseas purchases of mounted objective lenses decreased by -56.8% to X units, falling for the third consecutive year after four years of growth. Over the period under review, imports, however, posted a temperate expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 263%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, mounted objective lens imports surged to $X in 2022. In general, imports, however, showed strong growth. The pace of growth appeared the most rapid in 2013 with an increase of 201% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Belgium (X units) constituted the largest mounted objective lens supplier to Tunisia, accounting for a 8.2% share of total imports. Moreover, mounted objective lens imports from Belgium exceeded the figures recorded by the second-largest supplier, the UK (X units), twofold. Germany (X units) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium amounted to +76.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+11.2% per year) and Germany (+0.1% per year).

In value terms, Germany ($X) constituted the largest supplier of mounted objective lenses to Tunisia, comprising 17% of total imports. The second position in the ranking was taken by the UK ($X), with a 7.1% share of total imports. It was followed by Japan, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to -5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+7.6% per year) and Japan (+28.5% per year).

Import Prices by Country

In 2021, the average mounted objective lens import price amounted to $X per unit, with an increase of 18% against the previous year. Overall, the import price, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2018 an increase of 78%. The import price peaked at $X per unit in 2013; however, from 2014 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 Germany ($X per unit), while the price for Belgium ($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 (+1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform