Western Africa: Spectacle Frame Market 2024

Spectacle Frame Market Size in Western Africa

The West African spectacle frame market amounted to $X in 2022, stabilizing at the previous year. The total consumption indicated a tangible increase from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Spectacle Frame Production in Western Africa

In value terms, spectacle frame production reduced to $X in 2022 estimated in export price. The total production indicated a measured expansion from 2012 to 2022: its value 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Spectacle Frame Exports

Exports in Western Africa

In 2022, exports of frames and mountings for spectacles, goggles or the like in Western Africa soared to X units, increasing by X% against the previous year's figure. Overall, exports showed buoyant growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, spectacle frame exports skyrocketed to $X in 2022. Over the period under review, exports posted a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Benin represented the main exporter of frames and mountings for spectacles, goggles or the like in Western Africa, with the volume of exports amounting to X units, which was near X% of total exports in 2022. Cote d'Ivoire (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Liberia (X%), Sierra Leone (X%) and Guinea (X%). Ghana (X units) took a little share of total exports.

Benin was also the fastest-growing in terms of the frames and mountings for spectacles, goggles or the like exports, with a CAGR of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%), Liberia (X%) and Guinea (X%) displayed positive paces of growth. Sierra Leone experienced a relatively flat trend pattern. By contrast, Ghana (X%) illustrated a downward trend over the same period. While the share of Benin (X p.p.), Liberia (X p.p.) and Cote d'Ivoire (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Guinea (X p.p.), Ghana (X p.p.) and Sierra Leone (X p.p.) displayed negative dynamics.

In value terms, Benin ($X) emerged as the largest spectacle frame supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Sierra Leone, with a X% share.

In Benin, spectacle frame exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Sierra Leone (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, picking up by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per unit), while Liberia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced mixed trends in the export price figures.

Spectacle Frame Imports

Imports in Western Africa

In 2022, approx. X units of frames and mountings for spectacles, goggles or the like were imported in Western Africa; surging by X% compared with 2021 figures. In general, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, spectacle frame imports soared to $X in 2022. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria dominates imports structure, recording X units, which was near X% of total imports in 2022. Senegal (X units) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the frames and mountings for spectacles, goggles or the like imports, with a CAGR of X% from 2012 to 2022. At the same time, Senegal (X%) displayed positive paces of growth. Nigeria (X p.p.) significantly strengthened its position in terms of the total imports, while Senegal saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported frames and mountings for spectacles, goggles or the like in Western Africa, comprising X% of total imports. The second position in the ranking was held by Senegal ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria amounted to X%.

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the import price continues to indicate a abrupt decline. The growth pace was the most rapid in 2018 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Senegal ($X per unit), while Nigeria amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (X%).

Source: IndexBox Platform

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