Egypt: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in Egypt

For the third consecutive year, the Egyptian spectacles and goggles market recorded decline in sales value, which decreased by -46.4% to $X in 2021. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Spectacles And Goggles Exports

Exports from Egypt

In 2021, overseas shipments of spectacles and goggles increased by 89% to X units for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports, however, saw a dramatic slump. The pace of growth appeared the most rapid in 2016 when exports increased by 3,856% against the previous year. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, spectacles and goggles exports skyrocketed to $X in 2021. In general, exports, however, showed a precipitous curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 3,592%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Portugal (X units) was the main destination for spectacles and goggles exports from Egypt, with a 47% share of total exports. Moreover, spectacles and goggles exports to Portugal exceeded the volume sent to the second major destination, Switzerland (X units), threefold. The Netherlands (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Portugal was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (0.0% per year) and the Netherlands (+8.0% per year).

In value terms, the largest markets for spectacles and goggles exported from Egypt were Portugal ($X), Switzerland ($X) and France ($X), with a combined 32% share of total exports. These countries were followed by the Netherlands, Burundi and Palestine, which together accounted for a further 5.4%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +13.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average spectacles and goggles export price stood at $X per unit in 2021, increasing by 56% against the previous year. Overall, the export price saw a strong increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 134%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Palestine ($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 United Arab Emirates (+25.9%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacles And Goggles Imports

Imports into Egypt

In 2021, purchases abroad of spectacles and goggles decreased by -48.2% to X units, falling for the third consecutive year after three years of growth. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 96% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, spectacles and goggles imports declined notably to $X in 2021. In general, imports continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2016 when imports increased by 67% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest spectacles and goggles supplier to Egypt, accounting for a 69% share of total imports. Moreover, spectacles and goggles imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-3.8% per year) and Germany (+16.6% per year).

In value terms, the largest spectacles and goggles suppliers to Egypt were China ($X), Taiwan (Chinese) ($X) and Germany ($X), with a combined 85% share of total imports.

Taiwan (Chinese), with a CAGR of +3.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average spectacles and goggles import price amounted to $X per unit, surging by 9.3% against the previous year. Over the period under review, the import price, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2020 when the average import price increased by 52%. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+40.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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