Africa: Spectacle Glass Lenses Market 2022

Spectacle Glass Lenses Market Size in Africa

The African spectacle glass lenses market shrank to $X in 2021, dropping by -9.3% against the previous year. Overall, consumption, however, showed a prominent increase. The level of consumption peaked at $X in 2020, and then contracted in the following year.

Spectacle Glass Lenses Production in Africa

In value terms, spectacle glass lenses production reduced notably to $X in 2021 estimated in export price. In general, production, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 45% against the previous year. As a result, production reached the peak level of $X, and then contracted notably in the following year.

Spectacle Glass Lenses Exports

Exports in Africa

In 2021, overseas shipments of spectacle lenses of glass or other materials were finally on the rise to reach X tons after three years of decline. Total exports indicated a modest increase from 2012 to 2021: its volume increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, spectacle glass lenses exports soared to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +81.4% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Tunisia was the major exporting country with an export of around X tons, which resulted at 56% of total exports. South Africa (X tons) took a 29% share (based on physical terms) of total exports, which put it in second place, followed by Morocco (5.7%) and Ghana (5.1%).

From 2012 to 2021, the biggest increases were in Tunisia (with a CAGR of +33.2%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Tunisia ($X) emerged as the largest spectacle glass lenses supplier in Africa, comprising 50% of total exports. The second position in the ranking was held by South Africa ($X), with a 24% share of total exports. It was followed by Morocco, with a 14% share.

In Tunisia, spectacle glass lenses exports expanded at an average annual rate of +23.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Africa (-3.2% per year) and Morocco (+2.7% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2021, with a decrease of -12.9% against the previous year. Export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the export price increased by 115%. Over the period under review, the export prices attained the peak figure at $X per ton in 2020, and then reduced in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+6.2%), while the other leaders experienced more modest paces of growth.

Spectacle Glass Lenses Imports

Imports in Africa

In 2021, spectacle glass lenses imports in Africa skyrocketed to X tons, jumping by 57% compared with 2020. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +93.9% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, spectacle glass lenses imports surged to $X in 2021. The total import value increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, South Africa (X tons), distantly followed by Morocco (X tons) and Tunisia (X tons) represented the largest importers of spectacle lenses of glass or other materials, together committing 72% of total imports. The following importers - Algeria (X tons), Egypt (X tons), Botswana (X tons), Mauritius (X tons), Ethiopia (X tons) and Angola (X tons) - together made up 15% of total imports.

From 2012 to 2021, the biggest increases were in Botswana (with a CAGR of +22.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spectacle glass lenses importing markets in Africa were South Africa ($X), Morocco ($X) and Algeria ($X), together comprising 56% of total imports. These countries were followed by Tunisia, Egypt, Mauritius, Angola, Ethiopia and Botswana, which together accounted for a further 22%.

In terms of the main importing countries, Angola, with a CAGR of +18.5%, recorded 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 ton in 2021, with a decrease of -17.5% against the previous year. Overall, the import price continues to indicate a pronounced downturn. The pace of growth was the most pronounced in 2015 an increase of 9%. The level of import peaked at $X per ton in 2013; however, from 2014 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 Egypt ($X per ton), while Botswana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Angola (+12.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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