South Africa: Personal Spectacle Optics Market 2024

Personal Spectacle Optics Market Size in South Africa

In 2022, the South African personal spectacle optics market increased by X% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Personal Spectacle Optics Exports

Exports from South Africa

In 2022, shipments abroad of personal spectacle optics increased by X% to X units, rising for the second year in a row after two years of decline. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, personal spectacle optics exports fell to $X in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

Namibia (X units), Zambia (X units) and Botswana (X units) were the main destinations of personal spectacle optics exports from South Africa, together accounting for X% of total exports. Mozambique, Zimbabwe, Democratic Republic of the Congo, Swaziland, Lesotho, Angola and Malawi lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lesotho (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for personal spectacle optics exported from South Africa were Namibia ($X), Botswana ($X) and Zimbabwe ($X), with a combined X% share of total exports.

Zimbabwe, with a CAGR of X%, recorded the highest rates of growth with regard to 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 personal spectacle optics export price amounted to $X per unit, reducing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit, and then fell significantly in the following year.

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

Personal Spectacle Optics Imports

Imports into South Africa

In 2022, the amount of personal spectacle optics imported into South Africa surged to X units, jumping by X% compared with the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, personal spectacle optics imports expanded rapidly to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main personal spectacle optics supplier to South Africa, with a X% share of total imports. It was followed by Taiwan (Chinese) (X units), with a X% share of total imports. Pakistan (X units) ranked third in terms of total imports with a X% share.

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: Taiwan (Chinese) (X% per year) and Pakistan (X% per year).

In value terms, China ($X) constituted the largest supplier of personal spectacle optics to South Africa, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Pakistan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Pakistan (X% per year).

Import Prices by Country

In 2022, the average personal spectacle optics import price amounted to $X per unit, dropping by X% against the previous year. Overall, the import price continues to indicate a slight downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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