Uganda: Spectacle Glass Lenses Market 2024

Spectacle Glass Lenses Market Size in Uganda

The Ugandan spectacle glass lenses market expanded slightly to $X in 2022, growing by 3.5% 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). Overall, consumption showed a strong expansion. Spectacle glass lenses consumption peaked in 2022 and is likely to see steady growth in years to come.

Spectacle Glass Lenses Exports

Exports from Uganda

In 2022, approx. X units of spectacle lenses of glass or other materials were exported from Uganda; waning by -5.3% on 2021. Overall, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2014 with an increase of 677% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, spectacle glass lenses exports skyrocketed to $X in 2022. In general, exports continue to indicate a sharp decline. The growth pace was the most rapid in 2018 with an increase of 50%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Burundi (X units), Rwanda (X units) and Switzerland (X units) were the main destinations of spectacle glass lenses exports from Uganda, together accounting for 94% of total exports. These countries were followed by Canada, which accounted for a further 5.6%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Switzerland ($X) emerged as the key foreign market for spectacle lenses of glass or other materials exports from Uganda, comprising 50% of total exports. The second position in the ranking was held by Burundi ($X), with an 18% share of total exports. It was followed by Canada, with an 18% share.

From 2012 to 2022, the average annual growth rate of value to Switzerland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Burundi (-3.5% per year) and Canada (-9.5% per year).

Export Prices by Country

The average spectacle glass lenses export price stood at $X per unit in 2022, surging by 22% against the previous year. Overall, the export price, however, recorded a perceptible contraction. The pace of growth appeared the most rapid in 2015 an increase of 772%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Rwanda ($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 Democratic Republic of the Congo (+386.6%), while the prices for the other major destinations experienced mixed trend patterns.

Spectacle Glass Lenses Imports

Imports into Uganda

Spectacle glass lenses imports into Uganda expanded notably to X units in 2022, with an increase of 14% against the previous year's figure. Overall, imports recorded significant growth. The pace of growth was the most pronounced in 2014 with an increase of 135%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, spectacle glass lenses imports declined sharply to $X in 2022. In general, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 50% against the previous year. As a result, imports reached the peak of $X, and then fell markedly in the following year.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest supplier of spectacle glass lenses to Uganda, with a 58% share of total imports. Moreover, spectacle glass lenses imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by India (X units), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates amounted to +70.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+21.9% per year) and India (+22.5% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of spectacle lenses of glass or other materials to Uganda, comprising 52% of total imports. The second position in the ranking was taken by Thailand ($X), with a 16% share of total imports. It was followed by China, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates totaled +39.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-2.7% per year) and China (+11.8% per year).

Import Prices by Country

In 2022, the average spectacle glass lenses import price amounted to $X per unit, which is down by -26.9% against the previous year. Over the period under review, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 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 the Netherlands ($X per unit), while the price for China ($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 Netherlands (+31.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform