Western Africa: Sunglasses Market 2024

Sunglasses Market Size in Western Africa

The West African sunglasses market rose modestly to $X in 2023, increasing by X% against the previous year. Overall, consumption, however, showed a perceptible setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Sunglasses Production in Western Africa

In value terms, sunglasses production rose modestly to $X in 2023 estimated in export price. In general, production, however, showed a noticeable reduction. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Sunglasses Exports

Exports in Western Africa

After two years of growth, shipments abroad of sunglasses decreased by X% to X units in 2023. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, sunglasses exports fell significantly to $X in 2023. In general, exports saw a abrupt decline. The growth pace was the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Nigeria (X units) was the main exporter of sunglasses, creating X% of total exports. Togo (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Sierra Leone (X%), Burkina Faso (X%), Cabo Verde (X%), Cote d'Ivoire (X%) and Ghana (X%).

From 2012 to 2023, average annual rates of growth with regard to sunglasses exports from Nigeria stood at X%. At the same time, Burkina Faso (X%), Cote d'Ivoire (X%), Sierra Leone (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2023. By contrast, Cabo Verde (X%) and Togo (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Nigeria, Sierra Leone, Burkina Faso, Cote d'Ivoire and Ghana increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sierra Leone ($X), Togo ($X) and Nigeria ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Cote d'Ivoire, Burkina Faso, Cabo Verde and Ghana lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Cote d'Ivoire, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per unit, rising by X% against the previous year. Overall, the export price, however, recorded a slight descent. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2023, the export prices stood 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 Cote d'Ivoire ($X per unit), while Ghana ($X per unit) was amongst the lowest.

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

Sunglasses Imports

Imports in Western Africa

In 2023, supplies from abroad of sunglasses decreased by X% to X units, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, sunglasses imports declined to $X in 2023. Total imports indicated a slight increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

Ghana (X units), Nigeria (X units), Guinea (X units), Cote d'Ivoire (X units), Cabo Verde (X units) and Mauritania (X units) represented roughly X% of total imports in 2023. Mali (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Mauritania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Guinea ($X), Nigeria ($X) and Mauritania ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Mauritania, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Western Africa amounted to $X per unit, falling by X% against the previous year. Overall, the import price, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2023, import prices failed to regain momentum.

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 Guinea ($X per unit), while Cabo Verde ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform