Africa: Optical Radiation Instruments Market 2024

Optical Radiation Instruments Market Size in Africa

The African optical radiation instruments market rose rapidly to $X in 2023, growing by X% against the previous year. Overall, consumption saw a buoyant increase. The level of consumption peaked at $X in 2021; afterwards, it flattened through to 2023.

Optical Radiation Instruments Production in Africa

In value terms, optical radiation instruments production expanded sharply to $X in 2023 estimated in export price. Over the period under review, production enjoyed prominent growth. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Optical Radiation Instruments Exports

Exports in Africa

In 2023, exports of instruments using optical radiations in Africa surged to X units, jumping by X% against the previous year. In general, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2021 when exports increased by X%. The volume of export peaked in 2023 and is expected to retain growth in years to come.

In value terms, optical radiation instruments exports soared to $X in 2023. Over the period under review, exports showed a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The level of export peaked in 2023 and is likely to see steady growth in years to come.

Exports by Country

South Africa represented the key exporter of instruments using optical radiations in Africa, with the volume of exports amounting to X units, which was approx. X% of total exports in 2023. It was distantly followed by Egypt (X units), achieving a X% share of total exports. The following exporters - Nigeria (X units) and Ghana (X units) - each accounted for a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to optical radiation instruments exports from South Africa stood at X%. At the same time, Egypt (X%), Ghana (X%) and Nigeria (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. Egypt (X p.p.), Ghana (X p.p.) and Nigeria (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, South Africa ($X) remains the largest optical radiation instruments supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in South Africa totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Nigeria (X% per year) and Egypt (X% per year).

Export Prices by Country

In 2023, the export price in Africa amounted to $X per unit, therefore, remained relatively stable against the previous year. Overall, the export price, however, continues to indicate a abrupt descent. The growth pace was the most rapid in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while Egypt ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced a decline in the export price figures.

Optical Radiation Instruments Imports

Imports in Africa

In 2023, purchases abroad of instruments using optical radiations decreased by X% to X units for the first time since 2013, thus ending a nine-year rising trend. Overall, imports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The volume of import peaked at X units in 2022, and then shrank modestly in the following year.

In value terms, optical radiation instruments imports totaled $X in 2023. In general, imports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the immediate term.

Imports by Country

South Africa was the key importing country with an import of around X units, which recorded X% of total imports. Egypt (X units) ranks second in terms of the total imports with a X% share, followed by Kenya (X%). Morocco (X units), Tanzania (X units) and Uganda (X units) took a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to optical radiation instruments imports into South Africa stood at X%. At the same time, Tanzania (X%), Uganda (X%), Morocco (X%), Kenya (X%) and Egypt (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. While the share of Egypt (X p.p.), Morocco (X p.p.), Kenya (X p.p.), Tanzania (X p.p.) and Uganda (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of South Africa (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) constitutes the largest market for imported instruments using optical radiations in Africa, comprising X% of total imports. The second position in the ranking was taken by Morocco ($X), with a X% share of total imports. It was followed by Egypt, with an X% share.

In South Africa, optical radiation instruments imports remained relatively stable over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Morocco (X% per year) and Egypt (X% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2023, growing by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per unit in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uganda (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform