South Africa: Laser Market 2024

Laser Market Size in South Africa

The South African laser market reduced to $X in 2022, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a abrupt decline. Laser consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Laser Exports

Exports from South Africa

Laser exports from South Africa expanded notably to X units in 2022, surging by X% on the previous year's figure. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, laser exports skyrocketed to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Swaziland (X units), Germany (X units) and Canada (X units) were the main destinations of laser exports from South Africa, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Swaziland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Canada ($X) and Democratic Republic of the Congo ($X) constituted the largest markets for laser exported from South Africa worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Democratic Republic of the Congo, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average laser export price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the export price enjoyed a resilient increase. The growth pace was the most rapid in 2016 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mozambique ($X per unit), while the average price for exports to Swaziland ($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 Democratic Republic of the Congo (X%), while the prices for the other major destinations experienced more modest paces of growth.

Laser Imports

Imports into South Africa

In 2022, the amount of lasers, other than laser diodes imported into South Africa dropped to X units, therefore, remained relatively stable against the previous year. Overall, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, laser imports dropped to $X in 2022. Over the period under review, imports saw a deep setback. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest laser supplier to South Africa, accounting for a X% share of total imports. Moreover, laser imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. Israel (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Israel (X% per year).

In value terms, Germany ($X) constituted the largest supplier of lasers, other than laser diodes to South Africa, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average laser import price amounted to $X per unit, reducing by X% against the previous year. Overall, the import price, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices remained 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 Germany ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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