ECOWAS: Objective Lens Market 2024

Objective Lens Market Size in ECOWAS

The ECOWAS objective lens market surged to $X in 2022, rising by X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Objective Lens Production in ECOWAS

In value terms, objective lens production skyrocketed to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Objective Lens Exports

Exports in ECOWAS

In 2022, approx. X units of objective lenses for cameras, projectors or photographic enlargers or reducers were exported in ECOWAS; with an increase of X% against 2021. Over the period under review, exports, however, recorded a abrupt slump. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, objective lens exports skyrocketed to $X in 2022. In general, exports, however, faced a deep contraction. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cote d'Ivoire represented the major exporting country with an export of about X units, which reached X% of total exports. It was distantly followed by Ghana (X units), achieving a X% share of total exports.

Cote d'Ivoire was also the fastest-growing in terms of the objective lenses for cameras, projectors or photographic enlargers or reducers exports, with a CAGR of X% from 2012 to 2022. Ghana (X%) illustrated a downward trend over the same period. Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) emerged as the largest objective lens supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire totaled X%.

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price, however, saw a noticeable shrinkage. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while Ghana stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%).

Objective Lens Imports

Imports in ECOWAS

In 2022, the amount of objective lenses for cameras, projectors or photographic enlargers or reducers imported in ECOWAS skyrocketed to X units, jumping by X% compared with 2021 figures. Overall, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, objective lens imports dropped markedly to $X in 2022. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2013 when imports increased by X%. The level of import peaked at $X in 2021, and then shrank notably in the following year.

Imports by Country

Nigeria (X units) and Cote d'Ivoire (X units) were the major importers of objective lenses for cameras, projectors or photographic enlargers or reducers in 2022, finishing at near X% and X% of total imports, respectively. It was distantly followed by Benin (X units), Ghana (X units) and Togo (X units), together comprising a X% share of total imports. The following importers - Guinea (X units) and Mali (X units) - each recorded a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Benin (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X) constitutes the largest market for imported objective lenses for cameras, projectors or photographic enlargers or reducers in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Nigeria ($X), with a X% share of total imports. It was followed by Togo, with a X% share.

In Ghana, objective lens imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Togo (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price, however, recorded noticeable growth. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2021, and then shrank notably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Ghana ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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