Cameroon: Spectacle Frame Market 2024

Spectacle Frame Market Size in Cameroon

The Cameroonian spectacle frame market rose sharply to $X in 2022, growing by X% against the previous year. Overall, consumption, however, saw a strong increase. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Spectacle Frame Production in Cameroon

In value terms, spectacle frame production rose remarkably to $X in 2022 estimated in export price. Overall, production, however, saw strong growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Spectacle Frame Exports

Exports from Cameroon

Spectacle frame exports from Cameroon surged to X units in 2022, rising by X% compared with the previous year's figure. Overall, exports enjoyed a resilient increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, spectacle frame exports surged to $X in 2022. In general, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Canada (X units) was the main destination for spectacle frame exports from Cameroon, accounting for a X% share of total exports. Moreover, spectacle frame exports to Canada exceeded the volume sent to the second major destination, the United States (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Sweden (X% per year).

In value terms, Canada ($X) emerged as the key foreign market for frames and mountings for spectacles, goggles or the like exports from Cameroon, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports.

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

Export Prices by Country

The average spectacle frame export price stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price showed a tangible expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2021 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 Canada ($X per unit), while the average price for exports to Sweden ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Frame Imports

Imports into Cameroon

In 2022, imports of frames and mountings for spectacles, goggles or the like into Cameroon surged to X units, with an increase of X% compared with 2021. Overall, imports continue to indicate a resilient increase. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, spectacle frame imports soared to $X in 2022. Over the period under review, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Tunisia (X units) constituted the largest spectacle frame supplier to Cameroon, with a X% share of total imports. Moreover, spectacle frame imports from Tunisia exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold. The third position in this ranking was held by Belgium (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Tunisia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Belgium (X% per year).

In value terms, Tunisia ($X) constituted the largest supplier of frames and mountings for spectacles, goggles or the like to Cameroon, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by China, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Tunisia 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).

Import Prices by Country

The average spectacle frame import price stood at $X per unit in 2022, remaining stable against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price 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, spectacle frame import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices failed to regain momentum.

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 ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform