Kenya: Spectacle Frame Market 2024

Spectacle Frame Market Size in Kenya

The Kenyan spectacle frame market skyrocketed to $X in 2022, picking up 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). Overall, consumption posted a strong expansion. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Spectacle Frame Exports

Exports from Kenya

In 2022, the amount of frames and mountings for spectacles, goggles or the like exported from Kenya shrank sharply to X units, waning by X% compared with the previous year. Over the period under review, exports, however, saw a measured increase. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at X units in 2021, and then declined remarkably in the following year.

In value terms, spectacle frame exports contracted slightly to $X in 2022. In general, exports, however, showed strong growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Uganda (X units) was the main destination for spectacle frame exports from Kenya, with a X% share of total exports. Moreover, spectacle frame exports to Uganda exceeded the volume sent to the second major destination, Rwanda (X units), twofold. The third position in this ranking was taken by Tanzania (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Uganda totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (X% per year) and Tanzania (X% per year).

In value terms, Uganda ($X), Rwanda ($X) and Tanzania ($X) constituted the largest markets for spectacle frame exported from Kenya worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Tanzania, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average spectacle frame export price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($X per unit), while the average price for exports to Somalia ($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 United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Frame Imports

Imports into Kenya

Spectacle frame imports into Kenya skyrocketed to X units in 2022, jumping by X% compared with the previous year's figure. Over the period under review, imports recorded strong growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, spectacle frame imports soared to $X in 2022. Overall, imports enjoyed a resilient increase. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of spectacle frame to Kenya, with a X% share of total imports. Moreover, spectacle frame imports from China exceeded the figures recorded by the second-largest supplier, South Africa (X units), more than tenfold. Austria (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: South Africa (X% per year) and Austria (X% per year).

In value terms, China ($X) constituted the largest supplier of frames and mountings for spectacles, goggles or the like to Kenya, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Austria (X% per year).

Import Prices by Country

The average spectacle frame import price stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 Italy ($X per unit), while the price for China ($X per unit) was 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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