Algeria: Personal Spectacle Optics Market 2024

Personal Spectacle Optics Market Size in Algeria

The Algerian personal spectacle optics market contracted to $X in 2022, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market 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. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Personal Spectacle Optics Exports

Exports from Algeria

After four years of growth, shipments abroad of personal spectacle optics decreased by X% to X units in 2022. Overall, exports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure at X units in 2021, and then contracted remarkably in the following year.

In value terms, personal spectacle optics exports contracted to $X in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then shrank in the following year.

Exports by Country

France (X units) was the main destination for personal spectacle optics exports from Algeria, with a X% share of total exports. Moreover, personal spectacle optics exports to France exceeded the volume sent to the second major destination, Ireland (X units), more than tenfold. The third position in this ranking was held by Spain (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (X% per year) and Spain (X% per year).

In value terms, France ($X) remains the key foreign market for personal spectacle optics exports from Algeria, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average personal spectacle optics export price stood at $X per unit in 2022, jumping by X% against the previous year. Overall, the export price enjoyed a strong increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Luxembourg ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%), while the prices for the other major destinations experienced mixed trend patterns.

Personal Spectacle Optics Imports

Imports into Algeria

In 2022, approx. X units of personal spectacle optics were imported into Algeria; declining by X% on the previous year. In general, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, personal spectacle optics imports fell to $X in 2022. Overall, total imports indicated a strong expansion 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, imports decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest personal spectacle optics supplier to Algeria, accounting for a X% share of total imports. Moreover, personal spectacle optics imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Italy (X units), eightfold. China (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and China (X% per year).

In value terms, the largest personal spectacle optics suppliers to Algeria were the United Arab Emirates ($X), Italy ($X) and China ($X), together comprising X% of total imports.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average personal spectacle optics import price amounted to $X per unit, shrinking by X% against the previous year. Overall, the import price, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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