Africa: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in Africa

The African spectacle non-plastic frame market was estimated at $X in 2021, growing by 11% against the previous year. The total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -13.8% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Spectacle Non-Plastic Frame Production in Africa

In value terms, spectacle non-plastic frame production expanded sharply to $X in 2021 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.6% against 2019 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 40% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Spectacle Non-Plastic Frame Exports

Exports in Africa

In 2021, overseas shipments of non-plastic frames and mountings for spectacles and goggles increased by 114% to X units, rising for the second year in a row after two years of decline. In general, exports enjoyed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, spectacle non-plastic frame exports soared to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

South Africa prevails in exports structure, reaching X units, which was near 93% of total exports in 2021. Tunisia (X units) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to spectacle non-plastic frame exports from South Africa stood at +14.3%. At the same time, Tunisia (+27.1%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing exporter exported in Africa, with a CAGR of +27.1% from 2012-2021. While the share of South Africa (+22 p.p.) and Tunisia (+2.2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest spectacle non-plastic frame supplier in Africa, comprising 94% of total exports. The second position in the ranking was taken by Tunisia ($X), with a 2.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value in South Africa stood at +7.6%.

Export Prices by Country

In 2021, the export price in Africa amounted to $X per unit, with a decrease of -14.6% against the previous year. In general, the export price recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2018 an increase of 46% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was South Africa ($X per unit), while Tunisia amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (-5.9%).

Spectacle Non-Plastic Frame Imports

Imports in Africa

Spectacle non-plastic frame imports skyrocketed to X units in 2021, increasing by 62% on 2020 figures. In general, imports, however, recorded a relatively flat trend pattern. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, spectacle non-plastic frame imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a mild contraction. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

South Africa prevails in imports structure, finishing at X units, which was approx. 64% of total imports in 2021. It was distantly followed by Morocco (X units), generating a 9.2% share of total imports. The following importers - Mauritius (X units), Algeria (X units), Tunisia (X units), Libya (X units), Botswana (X units) and Namibia (X units) - together made up 18% of total imports.

From 2012 to 2021, average annual rates of growth with regard to spectacle non-plastic frame imports into South Africa stood at -1.8%. At the same time, Algeria (+19.1%), Botswana (+12.3%), Namibia (+7.0%), Morocco (+6.8%), Mauritius (+2.6%) and Libya (+2.4%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing importer imported in Africa, with a CAGR of +19.1% from 2012-2021. By contrast, Tunisia (-8.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Morocco and Algeria increased by +4.4 and +3.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest spectacle non-plastic frame importing markets in Africa were South Africa ($X), Morocco ($X) and Tunisia ($X), with a combined 66% share of total imports.

Morocco, with a CAGR of +8.1%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Africa amounted to $X per unit, falling by -4% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 8.4%. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+1.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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