Kenya: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in Kenya

In 2021, after two years of decline, there was significant growth in the Kenyan spectacle non-plastic frame market, when its value increased by 79% to $X. In general, consumption recorded a notable expansion. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Spectacle Non-Plastic Frame Exports

Exports from Kenya

After five years of growth, overseas shipments of non-plastic frames and mountings for spectacles and goggles decreased by -7.4% to X units in 2021. Overall, exports, however, saw a temperate expansion. The growth pace was the most rapid in 2017 with an increase of 364% against the previous year. The exports peaked at X units in 2020, and then shrank in the following year.

In value terms, spectacle non-plastic frame exports shrank notably to $X in 2021. Over the period under review, exports, however, showed perceptible growth. The pace of growth was the most pronounced in 2017 with an increase of 504%. Over the period under review, the exports attained the maximum at $X in 2020, and then contracted rapidly in the following year.

Exports by Country

The UK (X units) was the main destination for spectacle non-plastic frame exports from Kenya, accounting for a 84% share of total exports. Moreover, spectacle non-plastic frame exports to the UK exceeded the volume sent to the second major destination, Uganda (X units), more than tenfold. The third position in this ranking was taken by Australia (X units), with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (+16.3% per year) and Australia (-58.7% per year).

In value terms, the UK ($X) emerged as the key foreign market for non-plastic frames and mountings for spectacles and goggles exports from Kenya, comprising 66% of total exports. The second position in the ranking was held by Tanzania ($X), with a 20% share of total exports. It was followed by Australia, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+55.9% per year) and Australia (-28.4% per year).

Export Prices by Country

In 2021, the average spectacle non-plastic frame export price amounted to $X per unit, dropping by -45.4% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 86% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020, and then fell rapidly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Tanzania ($X per unit), while the average price for exports to South Africa ($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 Australia (+72.8%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Non-Plastic Frame Imports

Imports into Kenya

In 2021, supplies from abroad of non-plastic frames and mountings for spectacles and goggles increased by 26% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, showed a slight descent. The pace of growth was the most pronounced in 2016 when imports increased by 89% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, spectacle non-plastic frame imports skyrocketed to $X in 2021. Overall, imports showed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest spectacle non-plastic frame supplier to Kenya, accounting for a 65% share of total imports. Moreover, spectacle non-plastic frame imports from China exceeded the figures recorded by the second-largest supplier, South Africa (X units), fourfold. Austria (X units) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+51.7% per year) and Austria (-4.5% per year).

In value terms, China ($X) constituted the largest supplier of non-plastic frames and mountings for spectacles and goggles to Kenya, comprising 44% of total imports. The second position in the ranking was taken by South Africa ($X), with a 16% share of total imports. It was followed by Austria, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+46.5% per year) and Austria (-8.3% per year).

Import Prices by Country

In 2021, the average spectacle non-plastic frame import price amounted to $X per unit, rising by 70% against the previous year. Over the period under review, the import price saw a remarkable increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 101%. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Austria ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+26.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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