Africa: Spectacle Frame Market 2024

Spectacle Frame Market Size in Africa

The African spectacle frame market shrank slightly to $X in 2022, which is down by X% against the previous year. The total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Spectacle Frame Production in Africa

In value terms, spectacle frame production contracted to $X in 2022 estimated in export price. The total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Spectacle Frame Exports

Exports in Africa

In 2022, the amount of frames and mountings for spectacles, goggles or the like exported in Africa shrank rapidly to X units, reducing by X% on 2021. In general, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X units, and then dropped significantly in the following year.

In value terms, spectacle frame exports contracted remarkably to $X in 2022. Overall, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then contracted notably in the following year.

Exports by Country

Mauritius was the major exporting country with an export of about X units, which reached X% of total exports. It was distantly followed by South Africa (X units), generating a X% share of total exports. Tunisia (X units) followed a long way behind the leaders.

Exports from Mauritius increased at an average annual rate of X% from 2012 to 2022. At the same time, South Africa (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, South Africa emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. South Africa (X p.p.) and Tunisia (X p.p.) significantly strengthened its position in terms of the total exports, while Mauritius saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, South Africa ($X), Mauritius ($X) and Tunisia ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, Tunisia, with a CAGR of X%, recorded the highest rates of growth with regard to 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 export price in Africa stood at $X per unit in 2022, almost unchanged from the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2021, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritius (X%), while the other leaders experienced mixed trends in the export price figures.

Spectacle Frame Imports

Imports in Africa

In 2022, spectacle frame imports in Africa reached X units, growing by X% on 2021 figures. Total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, spectacle frame imports contracted slightly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

South Africa represented the main importing country with an import of about X units, which accounted for X% of total imports. Nigeria (X units) ranks second in terms of the total imports with an X% share, followed by Morocco (X%), Algeria (X%) and Tunisia (X%). The following importers - Kenya (X units) and Mauritius (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to spectacle frame imports into South Africa stood at X%. At the same time, Nigeria (X%), Algeria (X%), Kenya (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Tunisia and Mauritius experienced a relatively flat trend pattern. While the share of Nigeria (X p.p.), Algeria (X p.p.), Kenya (X p.p.) and Morocco (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Tunisia (X p.p.) and South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Morocco ($X) and Nigeria ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Among the main importing countries, Nigeria, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the import price saw a mild setback. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices remained at a lower figure.

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 Morocco ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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