Nigeria: Spectacles And Goggles Market 2025

Spectacles And Goggles Market Size in Nigeria

In 2021, the Nigerien spectacles and goggles market decreased by -37.6% to $X, falling for the second year in a row after three years of growth. Overall, consumption saw a deep reduction. Spectacles and goggles consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Spectacles And Goggles Exports

Exports from Nigeria

In 2021, shipments abroad of spectacles and goggles decreased by -64.7% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 1,956%. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, spectacles and goggles exports dropped remarkably to $X in 2021. In general, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 262%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X units), China (X units) and South Africa (X units) were the main destinations of spectacles and goggles exports from Nigeria, with a combined 72% share of total exports. These countries were followed by Niger, Germany, the UK and Senegal, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Niger (with a CAGR of +31.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spectacles and goggles exported from Nigeria were Cote d'Ivoire ($X), China ($X) and Niger ($X), together accounting for 64% of total exports.

Among the main countries of destination, Niger, with a CAGR of +22.3%, recorded the highest growth rate of 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 spectacles and goggles export price stood at $X per unit in 2021, jumping by 40% against the previous year. In general, the export price, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 328% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Senegal ($X per unit), while the average price for exports to South Africa ($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 Zambia (+56.0%), while the prices for the other major destinations experienced mixed trend patterns.

Spectacles And Goggles Imports

Imports into Nigeria

In 2021, supplies from abroad of spectacles and goggles decreased by -48.4% to X units, falling for the second consecutive year after three years of growth. In general, imports recorded a abrupt setback. The growth pace was the most rapid in 2018 with an increase of 53% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, spectacles and goggles imports expanded rapidly to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 67% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest spectacles and goggles supplier to Nigeria, with a 88% share of total imports. Moreover, spectacles and goggles imports from China exceeded the figures recorded by the second-largest supplier, France (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-5.1% per year) and the UK (-20.5% per year).

In value terms, the UK ($X), China ($X) and France ($X) appeared to be the largest spectacles and goggles suppliers to Nigeria, with a combined 76% share of total imports.

The UK, with a CAGR of +19.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average spectacles and goggles import price stood at $X per unit in 2021, increasing by 110% against the previous year. Overall, the import price enjoyed prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for France ($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 (+49.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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