Africa: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in Africa

After two years of decline, the African spectacle plastic frame market increased by 9.3% to $X in 2021. The total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -8.8% against 2016 indices. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Spectacle Plastic Frame Production in Africa

In value terms, spectacle plastic frame production stood at $X in 2021 estimated in export price. The total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -13.0% against 2016 indices. The pace of growth was the most pronounced in 2015 with an increase of 53% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Spectacle Plastic Frame Exports

Exports in Africa

In 2021, spectacle plastic frame exports in Africa skyrocketed to X units, jumping by 87% against 2020 figures. In general, exports recorded prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, spectacle plastic frame exports skyrocketed to $X in 2021. Over the period under review, exports recorded a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mauritius dominates exports structure, amounting to X units, which was approx. 89% of total exports in 2021. It was distantly followed by South Africa (X units), achieving an 8.9% share of total exports.

Mauritius was also the fastest-growing in terms of the plastic frames and mountings for spectacles and goggles exports, with a CAGR of +6.8% from 2012 to 2021. At the same time, South Africa (+4.1%) displayed positive paces of growth. Mauritius (+2.7 p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by -2% from 2012 to 2021, respectively.

In value terms, Mauritius ($X) remains the largest spectacle plastic frame supplier in Africa, comprising 75% of total exports. The second position in the ranking was held by South Africa ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Mauritius amounted to +9.9%.

Export Prices by Country

In 2021, the export price in Africa amounted to $X per unit, surging by 6.9% against the previous year. Over the period under review, the export price posted a tangible expansion. The pace of growth appeared the most rapid in 2019 an increase of 106% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was South Africa ($X per unit), while Mauritius amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+13.7%).

Spectacle Plastic Frame Imports

Imports in Africa

Spectacle plastic frame imports skyrocketed to X units in 2021, picking up by 68% compared with 2020. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, spectacle plastic frame imports soared to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

South Africa represented the major importer of plastic frames and mountings for spectacles and goggles in Africa, with the volume of imports reaching X units, which was near 61% of total imports in 2021. Morocco (X units) ranks second in terms of the total imports with a 15% share, followed by Algeria (5.7%) and Egypt (4.6%). Tunisia (X units), Mauritius (X units) and Kenya (X units) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to spectacle plastic frame imports into South Africa stood at +6.7%. At the same time, Kenya (+32.9%), Algeria (+29.3%), Morocco (+16.9%), Mauritius (+16.8%) and Tunisia (+7.5%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest-growing importer imported in Africa, with a CAGR of +32.9% from 2012-2021. By contrast, Egypt (-7.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Morocco, Algeria and Mauritius increased by +7.9, +4.6 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Morocco ($X) and Egypt ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 77% of total imports. Tunisia, Algeria, Mauritius and Kenya lagged somewhat behind, together accounting for a further 15%.

Kenya, with a CAGR of +30.4%, saw the highest growth rate of the value of imports, among 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, surging by 2.9% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 25% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 South Africa (+2.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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