Algeria: Spectacle Glass Lenses Market 2024

Spectacle Glass Lenses Market Size in Algeria

The Algerian spectacle glass lenses market fell dramatically to $X in 2022, dropping by -24% 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). In general, consumption, however, enjoyed prominent growth. Over the period under review, the market attained the peak level at $X in 2021, and then shrank sharply in the following year.

Spectacle Glass Lenses Exports

Exports from Algeria

In 2022, exports of spectacle lenses of glass or other materials from Algeria soared to X units, picking up by 17% against 2021 figures. In general, exports, however, faced a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 500% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, spectacle glass lenses exports stood at $X in 2022. Overall, exports, however, showed a dramatic decrease. The most prominent rate of growth was recorded in 2021 with an increase of 194%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X units), China (X units) and Canada (X units) were the main destinations of spectacle glass lenses exports from Algeria, with a combined 62% share of total exports. Moreover, spectacle glass lenses exports in France exceeded the figures recorded by the second-largest exporter, China, twofold.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +4.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for spectacle glass lenses exported from Algeria were France ($X), China ($X) and Canada ($X), together accounting for 64% of total exports.

In terms of the main countries of destination, China, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average spectacle glass lenses export price stood at $X per unit in 2022, reducing by -3.1% against the previous year. Overall, the export price, however, enjoyed notable growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 104%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to France ($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 Canada (+1.9%).

Spectacle Glass Lenses Imports

Imports into Algeria

Spectacle glass lenses imports into Algeria dropped remarkably to X units in 2022, waning by -26.6% against the previous year's figure. Overall, imports, however, recorded a slight increase. The pace of growth was the most pronounced in 2021 with an increase of 178% against the previous year. As a result, imports reached the peak of X units, and then declined significantly in the following year.

In value terms, spectacle glass lenses imports shrank sharply to $X in 2022. Over the period under review, imports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2018 when imports increased by 150% against the previous year. Imports peaked at $X in 2021, and then reduced sharply in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of spectacle glass lenses to Algeria, accounting for a 81% share of total imports. Moreover, spectacle glass lenses imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), sevenfold. The third position in this ranking was taken by India (X units), with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+15.1% per year) and India (-17.0% per year).

In value terms, China ($X) constituted the largest supplier of spectacle lenses of glass or other materials to Algeria, comprising 52% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 7% share of total imports. It was followed by Spain, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+23.8% per year) and Spain (+49.5% per year).

Import Prices by Country

In 2022, the average spectacle glass lenses import price amounted to $X per unit, surging by 5.8% against the previous year. Over the period under review, the import price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 100%. Over the period under review, average import prices hit record highs at $X per unit in 2020; however, from 2021 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 Spain ($X per unit), while the price for India ($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 (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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