Tunisia: Spectacle Glass Lenses Market 2024

Spectacle Glass Lenses Market Size in Tunisia

In 2022, the Tunisian spectacle glass lenses market increased by 7.7% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, posted a notable increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Spectacle Glass Lenses Exports

Exports from Tunisia

In 2022, the amount of spectacle lenses of glass or other materials exported from Tunisia skyrocketed to X units, with an increase of 24% on 2021. Over the period under review, exports enjoyed a buoyant increase. The growth pace was the most rapid in 2016 with an increase of 254% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, spectacle glass lenses exports soared to $X in 2022. Overall, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 250% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Mauritania (X units), Cote d'Ivoire (X units) and Libya (X units) were the main destinations of spectacle glass lenses exports from Tunisia, together accounting for 51% of total exports. Cameroon, Algeria, Senegal, Congo and Burkina Faso lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Congo (with a CAGR of +63.8%), while the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Senegal ($X) and Mauritania ($X) were the largest markets for spectacle glass lenses exported from Tunisia worldwide, together comprising 45% of total exports. Cameroon, Algeria, Burkina Faso, Libya and Congo lagged somewhat behind, together accounting for a further 42%.

Congo, with a CAGR of +46.0%, 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 spectacle glass lenses export price amounted to $X per unit, with an increase of 10% against the previous year. In general, the export price, however, continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2017 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per unit), while the average price for exports to Libya ($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 Cote d'Ivoire (+5.0%), while the prices for the other major destinations experienced a decline.

Spectacle Glass Lenses Imports

Imports into Tunisia

In 2022, approx. X units of spectacle lenses of glass or other materials were imported into Tunisia; approximately mirroring the previous year. Overall, imports, however, recorded a temperate expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 99% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, spectacle glass lenses imports expanded notably to $X in 2022. Over the period under review, imports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2019 when imports increased by 87% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of spectacle glass lenses to Tunisia, with a 82% share of total imports. Moreover, spectacle glass lenses imports from China exceeded the figures recorded by the second-largest supplier, France (X units), sevenfold. The third position in this ranking was held by Thailand (X units), with a 1.3% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+25.5% per year) and Thailand (-10.5% per year).

In value terms, the largest spectacle glass lenses suppliers to Tunisia were China ($X), France ($X) and Thailand ($X), together comprising 81% of total imports.

In terms of the main suppliers, France, with a CAGR of +27.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average spectacle glass lenses import price amounted to $X per unit, with an increase of 13% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2013 when the average import price increased by 16%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform