Angola: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in Angola

In 2021, the Angolan spectacles and goggles market was finally on the rise to reach $X after three years of decline. Overall, consumption continues to indicate a abrupt decline. Spectacles and goggles consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Spectacles And Goggles Exports

Exports from Angola

In 2021, exports of spectacles and goggles from Angola contracted markedly to X units, with a decrease of -74.7% on 2020. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 10,070% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, spectacles and goggles exports declined sharply to $X in 2021. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 10,767% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Namibia (X units) was the main destination for spectacles and goggles exports from Angola, with a 45% share of total exports. Moreover, spectacles and goggles exports to Namibia exceeded the volume sent to the second major destination, the UK (X units), threefold. The third position in this ranking was held by South Africa (X units), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Namibia amounted to +77.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+35.7% per year) and South Africa (+30.3% per year).

In value terms, Namibia ($X), South Africa ($X) and the UK ($X) constituted the largest markets for spectacles and goggles exported from Angola worldwide, with a combined 78% share of total exports. These countries were followed by Ghana, the Netherlands, the United States and Italy, which together accounted for a further 16%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +166.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average spectacles and goggles export price amounted to $X per unit, with an increase of 106% against the previous year. Over the period under review, the export price continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 135% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+42.3%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacles And Goggles Imports

Imports into Angola

In 2021, imports of spectacles and goggles into Angola shrank to X units, waning by -8% on the previous year. Over the period under review, imports faced a sharp curtailment. The pace of growth was the most pronounced in 2017 with an increase of 7.7% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, spectacles and goggles imports reached $X in 2021. In general, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 when imports increased by 16%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Portugal (X units) constituted the largest spectacles and goggles supplier to Angola, accounting for a 41% share of total imports. Moreover, spectacles and goggles imports from Portugal exceeded the figures recorded by the second-largest supplier, China (X units), twofold. South Africa (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Portugal stood at -15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-34.1% per year) and South Africa (-12.5% per year).

In value terms, Portugal ($X), China ($X) and Belgium ($X) constituted the largest spectacles and goggles suppliers to Angola, with a combined 53% share of total imports.

Belgium, with a CAGR of +6.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average spectacles and goggles import price amounted to $X per unit, picking up by 15% against the previous year. In general, the import price posted a significant increase. The growth pace was the most rapid in 2018 an increase of 47% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+55.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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