Kenya: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in Kenya

The Kenyan spectacles and goggles market surged to $X in 2021, with an increase of 28% 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, however, recorded a deep slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Spectacles And Goggles Exports

Exports from Kenya

In 2021, approx. X units of spectacles and goggles were exported from Kenya; increasing by 14% compared with 2020. Overall, exports showed a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 269% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, spectacles and goggles exports soared to $X in 2021. In general, exports recorded a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 1,062% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X units), Tanzania (X units) and Malawi (X units) were the main destinations of spectacles and goggles exports from Kenya, together comprising 65% of total exports. South Sudan, Yemen, Uganda, Rwanda, Mozambique and Somalia lagged somewhat behind, together comprising a further 29%.

From 2012 to 2021, the biggest increases were recorded for Yemen (with a CAGR of +32,000.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for spectacles and goggles exports from Kenya, comprising 36% of total exports. The second position in the ranking was held by Tanzania ($X), with an 11% share of total exports. It was followed by Somalia, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +90.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+16.6% per year) and Somalia (+13.7% per year).

Export Prices by Country

In 2021, the average spectacles and goggles export price amounted to $X per unit, picking up by 68% against the previous year. Over the period under review, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 215% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Somalia ($X per unit), while the average price for exports to Rwanda ($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 Mozambique (+57.1%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacles And Goggles Imports

Imports into Kenya

In 2021, the amount of spectacles and goggles imported into Kenya was estimated at X units, approximately reflecting the previous year. Over the period under review, imports, however, continue to indicate a significant decrease. The pace of growth was the most pronounced in 2019 when imports increased by 64% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, spectacles and goggles imports soared to $X in 2021. In general, imports posted temperate growth. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main spectacles and goggles supplier to Kenya, accounting for a 94% share of total imports. It was followed by Taiwan (Chinese) (X units), with a 1.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -22.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+13.4% per year) and the UK (-44.1% per year).

In value terms, China ($X) constituted the largest supplier of spectacles and goggles to Kenya, comprising 60% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+21.5% per year) and the UK (-7.2% per year).

Import Prices by Country

In 2021, the average spectacles and goggles import price amounted to $X per unit, surging by 81% against the previous year. In general, the import price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 an increase of 427% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+66.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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