Report Update Nov 1, 2024

Kenya - Sunglasses - Market Analysis, Forecast, Size, Trends and Insights

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Kenya: Sunglasses Market 2024

Sunglasses Market Size in Kenya

The Kenyan sunglasses market contracted to $X in 2022, waning by -8.7% 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, however, showed a deep slump. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Sunglasses Exports

Exports from Kenya

In 2022, shipments abroad of sunglasses was finally on the rise to reach X units after three years of decline. Overall, exports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2014 when exports increased by 133% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, sunglasses exports skyrocketed to $X in 2022. In general, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by 113% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Finland (X units) was the main destination for sunglasses exports from Kenya, accounting for a 29% share of total exports. Moreover, sunglasses exports to Finland exceeded the volume sent to the second major destination, the Netherlands (X units), twofold. The third position in this ranking was taken by Italy (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Finland stood at -9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+13.0% per year) and Italy (+1.2% per year).

In value terms, the largest markets for sunglasses exported from Kenya were Italy ($X), the Netherlands ($X) and Seychelles ($X), with a combined 37% share of total exports.

Seychelles, with a CAGR of +74.3%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average sunglasses export price amounted to $X per unit, with a decrease of -6% against the previous year. Overall, the export price, however, continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 109%. The export price peaked at $X per unit in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Tanzania ($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 Ireland (+42.8%), while the prices for the other major destinations experienced more modest paces of growth.

Sunglasses Imports

Imports into Kenya

In 2022, overseas purchases of sunglasses increased by 1.3% to X units, rising for the second year in a row after two years of decline. Overall, imports, however, faced a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 754%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, sunglasses imports reduced to $X in 2022. In general, imports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2014 when imports increased by 431%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main sunglasses supplier to Kenya, accounting for a 91% share of total imports. Moreover, sunglasses imports from China exceeded the figures recorded by the second-largest supplier, South Africa (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled -17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-7.7% per year) and the UK (-24.3% per year).

In value terms, China ($X) constituted the largest supplier of sunglasses to Kenya, comprising 88% of total imports. The second position in the ranking was taken by the UK ($X), with a 1.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-26.9% per year) and South Africa (-15.2% per year).

Import Prices by Country

The average sunglasses import price stood at $X per unit in 2022, dropping by -16% against the previous year. Over the period under review, the import price, however, saw a strong expansion. The most prominent rate of growth was recorded in 2015 an increase of 136% against the previous year. The import price peaked at $X per unit in 2021, and then contracted rapidly in the following year.

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 the UK ($X per unit), while the price for South Africa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sunglasses in the world?

The countries with the highest volumes of in 2021 were China, the United States and Japan, with a combined 58% share of global consumption. Bangladesh, Germany, India, Turkey, Italy, South Korea and Saudi Arabia lagged somewhat behind, together accounting for a further 17%.

What are the largest producers of sunglasses in the world?

China constituted the country with the largest volume of sunglasses production, accounting for 45% of total volume. Moreover, sunglasses production in China exceeded the figures recorded by the second-largest producer, the United States, fourfold. The third position in this ranking was occupied by Italy, with a 5.9% share.

What are the leading suppliers of sunglasses to Kenya?

In value terms, China constituted the largest supplier of sunglasses to Kenya.

What are the leading importers of sunglasses from Kenya?

In value terms, Uganda emerged as the key foreign market for sunglasses exports from Kenya, comprising 94% of total exports. The second position in the ranking was occupied by Rwanda $398), with a 3.8% share of total exports.

What is the average export price for sunglasses in Kenya?

In 2021, the average sunglasses export price amounted to $60 per unit, reducing by -37.7% against the previous year.

What is the average import price for sunglasses in Kenya?

The average sunglasses import price stood at $1.5 per unit in 2021, shrinking by -11.3% against the previous year.

This report provides an in-depth analysis of the sunglasses market in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32504250 - Sunglasses

Country coverage:

Kenya

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kenya
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023