Egypt: Spectacle Frame Market 2024

Spectacle Frame Market Size in Egypt

The Egyptian spectacle frame market contracted notably to $X in 2022, declining by X% 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 continues to indicate a deep slump. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Spectacle Frame Exports

Exports from Egypt

In 2022, spectacle frame exports from Egypt reduced remarkably to X units, which is down by X% on the year before. Over the period under review, exports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X units, and then contracted significantly in the following year.

In value terms, spectacle frame exports contracted remarkably to $X in 2022. In general, exports continue to indicate a sharp contraction. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sudan (X units) was the main destination for spectacle frame exports from Egypt, accounting for a X% share of total exports. Moreover, spectacle frame exports to Sudan exceeded the volume sent to the second major destination, the Netherlands (X units), fourfold. The third position in this ranking was held by South Africa (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sudan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and South Africa (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to Sudan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (X% per year) and Nigeria (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. Over the period under review, the export price, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when the average export price increased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sudan ($X per unit), while the average price for exports to South Africa ($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 Kenya (X%), while the prices for the other major destinations experienced mixed trend patterns.

Spectacle Frame Imports

Imports into Egypt

In 2022, imports of frames and mountings for spectacles, goggles or the like into Egypt contracted rapidly to X units, which is down by X% compared with the previous year's figure. Overall, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, spectacle frame imports reduced sharply to $X in 2022. Over the period under review, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Italy (X units) and Turkey (X units) were the main suppliers of spectacle frame imports to Egypt, with a combined X% share of total imports. France, Japan, Austria and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and Turkey ($X) constituted the largest spectacle frame suppliers to Egypt, with a combined X% share of total imports. France, Japan, Austria and Spain lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Japan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average spectacle frame import price amounted to $X per unit, growing by X% against the previous year. Overall, 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 2019 indices. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Austria ($X per unit) and Italy ($X per unit), while the price for Spain ($X per unit) and Turkey ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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