Africa: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in Africa

The African spectacles and goggles market contracted modestly to $X in 2023, which is down by X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Spectacles And Goggles Production in Africa

In value terms, spectacles and goggles production contracted slightly to $X in 2023 estimated in export price. The total production indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

Spectacles And Goggles Exports

Exports in Africa

In 2023, shipments abroad of spectacles and goggles increased by X% to X units, rising for the fourth consecutive year after two years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by X%. The volume of export peaked at X units in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, spectacles and goggles exports rose sharply to $X in 2023. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2023, South Africa (X units) was the major exporter of spectacles and goggles, comprising X% of total exports. It was distantly followed by Mauritius (X units), mixing up an X% share of total exports. Zambia (X units) took a minor share of total exports.

From 2012 to 2023, average annual rates of growth with regard to spectacles and goggles exports from South Africa stood at X%. At the same time, Zambia (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Mauritius, South Africa and Zambia increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest spectacles and goggles supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Mauritius ($X), with a X% share of total exports.

In South Africa, spectacles and goggles exports remained relatively stable over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Mauritius (X% per year) and Zambia (X% per year).

Export Prices by Country

In 2023, the export price in Africa amounted to $X per unit, with an increase of X% against the previous year. In general, the export price, however, saw a pronounced slump. The pace of growth appeared the most rapid in 2013 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2023, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Mauritius ($X per unit), while Zambia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mauritius (X%), while the other leaders experienced a decline in the export price figures.

Spectacles And Goggles Imports

Imports in Africa

In 2023, spectacles and goggles imports in Africa reduced notably to X units, waning by X% compared with 2022. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by X%. As a result, imports attained the peak of X units. From 2018 to 2023, the growth of imports remained at a lower figure.

In value terms, spectacles and goggles imports shrank to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X%. The level of import peaked at $X in 2022, and then fell in the following year.

Imports by Country

South Africa dominates imports structure, amounting to X units, which was approx. X% of total imports in 2023. It was distantly followed by Cameroon (X units), constituting a X% share of total imports. The following importers - Djibouti (X units), Libya (X units), Zambia (X units), Kenya (X units), Morocco (X units), Tunisia (X units) and Democratic Republic of the Congo (X units) - each reached a X% share of total imports.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2023. At the same time, Zambia (X%), Cameroon (X%) and Djibouti (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. Tunisia experienced a relatively flat trend pattern. By contrast, Libya (X%), Morocco (X%), Kenya (X%) and Democratic Republic of the Congo (X%) illustrated a downward trend over the same period. South Africa (X p.p.), Cameroon (X p.p.) and Zambia (X p.p.) significantly strengthened its position in terms of the total imports, while Kenya and Democratic Republic of the Congo saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported spectacles and goggles in Africa, comprising X% of total imports. The second position in the ranking was taken by Zambia ($X), with a X% share of total imports. It was followed by Morocco, with a X% share.

In South Africa, spectacles and goggles imports contracted by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Zambia (X% per year) and Morocco (X% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2023, rising by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. Over the period under review, import prices attained the peak figure in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Morocco ($X per unit), while Cameroon ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform