South Africa: Spectacle Frame Market 2024

Spectacle Frame Market Size in South Africa

The South African spectacle frame market shrank significantly to $X in 2022, with a decrease of 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). Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then declined notably in the following year.

Spectacle Frame Exports

Exports from South Africa

After two years of growth, shipments abroad of frames and mountings for spectacles, goggles or the like decreased by X% to X units in 2022. Over the period under review, exports, however, recorded prominent growth. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of X units, and then shrank in the following year.

In value terms, spectacle frame exports fell rapidly to $X in 2022. Overall, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then declined notably in the following year.

Exports by Country

Botswana (X units), Namibia (X units) and Mauritius (X units) were the main destinations of spectacle frame exports from South Africa, with a combined X% share of total exports. Swaziland, Kenya, Zimbabwe, Lesotho, Mozambique and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Kenya (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Botswana ($X), Namibia ($X) and Mauritius ($X) constituted the largest markets for spectacle frame exported from South Africa worldwide, with a combined X% share of total exports.

Among the main countries of destination, Mauritius, with a CAGR of X%, 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

In 2022, the average spectacle frame export price amounted to $X per unit, shrinking by X% against the previous year. In general, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

Spectacle Frame Imports

Imports into South Africa

In 2022, the amount of frames and mountings for spectacles, goggles or the like imported into South Africa reduced notably to X units, with a decrease of X% on 2021 figures. In general, total imports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X units, and then declined markedly in the following year.

In value terms, spectacle frame imports contracted to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, China (X units) was the main spectacle frame supplier to South Africa, accounting for a X% share of total imports. It was followed by Italy (X units), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Hong Kong SAR (X% per year).

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

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: Italy (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

In 2022, the average spectacle frame import price amounted to $X per unit, rising by X% against the previous year. Overall, the import price, however, saw a slight shrinkage. The most prominent rate of growth was recorded in 2016 when the average import price increased by 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 Hong Kong SAR (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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