Africa: Sunglasses Market 2024

Sunglasses Market Size in Africa

The African sunglasses market dropped to $X in 2022, approximately equating the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2022.

Sunglasses Production in Africa

In value terms, sunglasses production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 13% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Sunglasses Exports

Exports in Africa

In 2022, shipments abroad of sunglasses increased by 2.6% to X units, rising for the second consecutive year after two years of decline. In general, exports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2018 when exports increased by 27%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sunglasses exports reached $X in 2022. Overall, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 35%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa (X units) and Mauritius (X units) dominates exports structure, together committing 91% of total exports. Morocco (X units) and Tunisia (X units) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by South Africa (with a CAGR of +8.3%), while the other leaders experienced mixed trends in the exports figures.

In value terms, South Africa ($X) remains the largest sunglasses supplier in Africa, comprising 53% of total exports. The second position in the ranking was taken by Mauritius ($X), with a 25% share of total exports. It was followed by Morocco, with an 11% share.

In South Africa, sunglasses exports increased at an average annual rate of +1.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Mauritius (-11.5% per year) and Morocco (+12.8% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2020 when the export price increased by 15% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Morocco ($X per unit), while Mauritius ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+7.6%), while the other leaders experienced mixed trends in the export price figures.

Sunglasses Imports

Imports in Africa

In 2022, purchases abroad of sunglasses increased by 6.5% to X units, rising for the second consecutive year after two years of decline. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 66%. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, sunglasses imports contracted to $X in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 52%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

South Africa prevails in imports structure, resulting at X units, which was approx. 82% of total imports in 2022. Morocco (X units), Tunisia (X units), Mauritius (X units) and Namibia (X units) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to sunglasses imports into South Africa stood at +1.8%. At the same time, Tunisia (+5.2%) and Morocco (+3.9%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing importer imported in Africa, with a CAGR of +5.2% from 2012-2022. Namibia experienced a relatively flat trend pattern. By contrast, Mauritius (-4.9%) illustrated a downward trend over the same period. South Africa (+15 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported sunglasses in Africa, comprising 38% of total imports. The second position in the ranking was held by Morocco ($X), with a 17% share of total imports. It was followed by Tunisia, with a 12% share.

In South Africa, sunglasses imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Morocco (+6.4% per year) and Tunisia (+4.2% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per unit, with a decrease of -12.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2020 an increase of 24%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per unit), while South Africa ($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 (+10.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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