Cameroon: Sunglasses Market 2024

Sunglasses Market Size in Cameroon

The Cameroonian sunglasses market shrank to $X in 2022, with a decrease of -2% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Sunglasses Production in Cameroon

In value terms, sunglasses production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 48%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Sunglasses Exports

Exports from Cameroon

After two years of decline, overseas shipments of sunglasses increased by 273% to X units in 2022. Over the period under review, exports posted a resilient increase. The growth pace was the most rapid in 2017 when exports increased by 553% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, sunglasses exports soared to $X in 2022. Overall, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 488% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X units) was the main destination for sunglasses exports from Cameroon, with a 67% share of total exports. Moreover, sunglasses exports to Italy exceeded the volume sent to the second major destination, the United States (X units), threefold. Australia (X units) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy amounted to +26.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+33.2% per year) and Australia (+18.9% per year).

In value terms, Italy ($X), Australia ($X) and the United States ($X) constituted the largest markets for sunglasses exported from Cameroon worldwide, together accounting for 86% of total exports.

Australia, with a CAGR of +27.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sunglasses export price stood at $X per unit in 2022, with a decrease of -21.6% against the previous year. Over the period under review, the export price recorded a pronounced contraction. The pace of growth was the most pronounced in 2018 when the average export price increased by 64% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Italy ($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 the UK (+22.0%), while the prices for the other major destinations experienced mixed trend patterns.

Sunglasses Imports

Imports into Cameroon

In 2022, after two years of growth, there was significant decline in overseas purchases of sunglasses, when their volume decreased by -18.8% to X units. Overall, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 380% against the previous year. Imports peaked at X units in 2021, and then contracted remarkably in the following year.

In value terms, sunglasses imports contracted notably to $X in 2022. In general, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 933% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then shrank rapidly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of sunglasses to Cameroon, with a 87% share of total imports. It was followed by France (X units), with a 2.8% share of total imports. The third position in this ranking was held by the UK (X units), with a 1.8% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-0.4% per year) and the UK (+7.4% per year).

In value terms, China ($X) constituted the largest supplier of sunglasses to Cameroon, comprising 96% of total imports. The second position in the ranking was held by France ($X), with a 0.5% share of total imports. It was followed by the UK, with a 0.4% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +25.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-4.9% per year) and the UK (-7.9% per year).

Import Prices by Country

In 2022, the average sunglasses import price amounted to $X per unit, dropping by -13.3% against the previous year. In general, the import price, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2020 an increase of 115%. The import price peaked at $X per unit in 2021, and then fell in the following year.

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 (+13.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform