ECOWAS: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in ECOWAS

The ECOWAS spectacle plastic frame market contracted slightly to $X in 2023, remaining stable against the previous year. In general, consumption saw buoyant growth. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Spectacle Plastic Frame Production in ECOWAS

In value terms, spectacle plastic frame production expanded remarkably to $X in 2023 estimated in export price. Over the period under review, production recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Spectacle Plastic Frame Exports

Exports in ECOWAS

In 2023, the amount of plastic frames and mountings for spectacles and goggles exported in ECOWAS declined sharply to X units, dropping by X% compared with 2022. Overall, exports, however, recorded measured growth. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, spectacle plastic frame exports declined rapidly to $X in 2023. Over the period under review, exports, however, continue to indicate perceptible growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. The level of export peaked at $X in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Niger (X units) and Cote d'Ivoire (X units) represented the major exporters of plastic frames and mountings for spectacles and goggles in ECOWAS, together recording approx. X% of total exports. Nigeria (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Cabo Verde (X%), Sierra Leone (X%) and Guinea (X%).

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Guinea (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) remains the largest spectacle plastic frame supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Niger ($X), with a X% share of total exports. It was followed by Cabo Verde, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Cote d'Ivoire stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Niger (X% per year) and Cabo Verde (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2023, falling by X% against the previous year. In general, the export price, however, posted modest growth. The pace of growth was the most pronounced in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2022, and then shrank dramatically in the following year.

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 Guinea ($X per unit), while Nigeria ($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.

Spectacle Plastic Frame Imports

Imports in ECOWAS

In 2023, purchases abroad of plastic frames and mountings for spectacles and goggles decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports, however, posted a resilient expansion. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then declined markedly in the following year.

In value terms, spectacle plastic frame imports reduced dramatically to $X in 2023. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2022 when imports increased by X%. As a result, imports reached the peak of $X, and then reduced rapidly in the following year.

Imports by Country

In 2023, Cote d'Ivoire (X units) and Senegal (X units) represented the key importers of plastic frames and mountings for spectacles and goggles in ECOWAS, together achieving X% of total imports. It was distantly followed by Ghana (X units), Gambia (X units), Benin (X units), Nigeria (X units) and Cabo Verde (X units), together achieving a X% share of total imports.

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

In value terms, the largest spectacle plastic frame importing markets in ECOWAS were Cote d'Ivoire ($X), Senegal ($X) and Ghana ($X), with a combined X% share of total imports. Benin, Nigeria, Cabo Verde and Gambia lagged somewhat behind, together comprising a further X%.

Gambia, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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

The import price in ECOWAS stood at $X per unit in 2023, declining by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. As a result, import price attained the peak level of $X per unit, and then reduced remarkably in the following year.

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 Benin ($X per unit), while Gambia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform