Tanzania: Spectacle Glass Lenses Market 2024

Spectacle Glass Lenses Market Size in Tanzania

After three years of growth, the Tanzanian spectacle glass lenses market decreased by -13.3% to $X in 2022. In general, consumption, however, showed a significant expansion. Spectacle glass lenses consumption peaked at $X in 2021, and then dropped in the following year.

Spectacle Glass Lenses Exports

Exports from Tanzania

Spectacle glass lenses exports from Tanzania soared to X units in 2022, rising by 260% against the previous year's figure. Over the period under review, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by 1,600% against the previous year. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, spectacle glass lenses exports skyrocketed to $X in 2022. In general, exports posted a resilient increase. The pace of growth appeared the most rapid in 2020 when exports increased by 392% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Democratic Republic of the Congo (X units) was the main destination for spectacle glass lenses exports from Tanzania, with a 87% share of total exports. Moreover, spectacle glass lenses exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, South Africa (X units), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Democratic Republic of the Congo amounted to +323.3%.

In value terms, Democratic Republic of the Congo ($X) emerged as the key foreign market for spectacle lenses of glass or other materials exports from Tanzania, comprising 91% of total exports. The second position in the ranking was taken by South Africa ($X), with an 8.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Democratic Republic of the Congo totaled +227.0%.

Export Prices by Country

The average spectacle glass lenses export price stood at $X per unit in 2022, rising by 23% against the previous year. Overall, the export price posted a modest expansion. The growth pace was the most rapid in 2017 when the average export price increased by 5,879%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per unit), while the average price for exports to South Africa stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+4.9%), while the prices for the other major destinations experienced a decline.

Spectacle Glass Lenses Imports

Imports into Tanzania

In 2022, supplies from abroad of spectacle lenses of glass or other materials decreased by -30.9% to X units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 182% against the previous year. Imports peaked at X units in 2021, and then reduced notably in the following year.

In value terms, spectacle glass lenses imports shrank to $X in 2022. Over the period under review, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2013 when imports increased by 201%. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, China (X units) constituted the largest spectacle glass lenses supplier to Tanzania, accounting for a 53% share of total imports. Moreover, spectacle glass lenses imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), threefold. Turkey (X units) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +45.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+66.8% per year) and Turkey (+28.3% per year).

In value terms, China ($X) constituted the largest supplier of spectacle lenses of glass or other materials to Tanzania, comprising 57% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 19% share of total imports. It was followed by Kenya, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +53.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+71.0% per year) and Kenya (+82.8% per year).

Import Prices by Country

In 2022, the average spectacle glass lenses import price amounted to $X per unit, with an increase of 33% against the previous year. In general, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform