Ethiopia: Personal Spectacle Optics Market 2024

Personal Spectacle Optics Market Size in Ethiopia

The Ethiopian personal spectacle optics market declined remarkably to $X in 2022, dropping 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 saw a abrupt decrease. Personal spectacle optics consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Personal Spectacle Optics Exports

Exports from Ethiopia

In 2022, shipments abroad of personal spectacle optics decreased by X% to X units, falling for the second year in a row after five years of growth. Overall, exports saw a mild contraction. The pace of growth appeared the most rapid in 2020 when exports increased by X%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, personal spectacle optics exports surged to $X in 2022. Over the period under review, exports, however, saw strong growth. The growth pace was the most rapid in 2020 with an increase of X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Belgium (X units) was the main destination for personal spectacle optics exports from Ethiopia, with a X% share of total exports. Moreover, personal spectacle optics exports to Belgium exceeded the volume sent to the second major destination, Switzerland (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Belgium stood at X%.

In value terms, Belgium ($X) emerged as the key foreign market for personal spectacle optics exports from Ethiopia, comprising X% of total exports. The second position in the ranking was taken by Switzerland ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Belgium totaled X%.

Export Prices by Country

The average personal spectacle optics export price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price continues to indicate a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Belgium stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (X%), while the prices for the other major destinations experienced a decline.

Personal Spectacle Optics Imports

Imports into Ethiopia

In 2022, the amount of personal spectacle optics imported into Ethiopia dropped sharply to X units, shrinking by X% on 2021 figures. In general, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, personal spectacle optics imports shrank significantly to $X in 2022. Over the period under review, imports showed a noticeable descent. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of personal spectacle optics to Ethiopia, accounting for a X% share of total imports. Moreover, personal spectacle optics imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), more than tenfold. The United States (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of personal spectacle optics to Ethiopia, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2022, the average personal spectacle optics import price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, import price indicated a measured increase 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. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform