ECOWAS: Personal Spectacle Optics Market 2025

Personal Spectacle Optics Market Size in ECOWAS

The ECOWAS personal spectacle optics market soared to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, continues to indicate a mild decrease. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Personal Spectacle Optics Production in ECOWAS

In value terms, personal spectacle optics production expanded significantly to $X in 2022 estimated in export price. The total production indicated modest growth 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Personal Spectacle Optics Exports

Exports in ECOWAS

In 2022, approx. X units of personal spectacle optics were exported in ECOWAS; picking up by X% on 2021 figures. In general, exports enjoyed noticeable growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, personal spectacle optics exports expanded markedly to $X in 2022. Total exports indicated a noticeable 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, exports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Senegal represented the key exporting country with an export of around X units, which recorded X% of total exports. Mali (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Ghana (X%), Cote d'Ivoire (X%) and Sierra Leone (X%). The following exporters - Guinea (X units) and Togo (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to personal spectacle optics exports from Senegal stood at X%. At the same time, Mali (X%), Sierra Leone (X%), Guinea (X%), Cote d'Ivoire (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Togo (X%) illustrated a downward trend over the same period. Senegal (X p.p.), Mali (X p.p.), Cote d'Ivoire (X p.p.), Ghana (X p.p.), Sierra Leone (X p.p.) and Guinea (X p.p.) significantly strengthened its position in terms of the total exports, while Togo saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest personal spectacle optics supplying countries in ECOWAS were Senegal ($X), Ghana ($X) and Sierra Leone ($X), together comprising X% of total exports. Mali, Cote d'Ivoire, Guinea and Togo lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Mali, with a CAGR of X%, 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 2022, the export price in ECOWAS amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price saw a slight curtailment. The pace of growth was the most pronounced in 2014 an increase of X%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sierra Leone ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

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

Personal Spectacle Optics Imports

Imports in ECOWAS

In 2022, approx. X units of personal spectacle optics were imported in ECOWAS; picking up by X% against the year before. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, personal spectacle optics imports reduced to $X in 2022. In general, imports posted buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then dropped in the following year.

Imports by Country

Nigeria dominates imports structure, accounting for X units, which was approx. X% of total imports in 2022. It was distantly followed by Cote d'Ivoire (X units), Senegal (X units), Burkina Faso (X units) and Ghana (X units), together making up a X% share of total imports. The following importers - Guinea (X units) and Benin (X units) - each amounted to a X% share of total imports.

Nigeria experienced a relatively flat trend pattern with regard to volume of imports of personal spectacle optics. At the same time, Benin (X%), Cote d'Ivoire (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Burkina Faso (X%), Guinea (X%) and Ghana (X%) illustrated a downward trend over the same period. Cote d'Ivoire (X p.p.), Senegal (X p.p.) and Benin (X p.p.) significantly strengthened its position in terms of the total imports, while Nigeria, Burkina Faso, Guinea and Ghana saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively.

In value terms, Nigeria ($X), Ghana ($X) and Guinea ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Cote d'Ivoire, Senegal, Burkina Faso and Benin lagged somewhat behind, together accounting for a further X%.

Benin, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the import price, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2014 an increase of X%. The level of import peaked at $X per unit in 2021, and then declined markedly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ghana ($X per unit), while Benin ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform