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Ghana - Frames and Mountings for Spectacles, Goggles or the Like - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Spectacle Frame Market 2022

Spectacle Frame Market Size in Ghana

In 2021, the Ghanian spectacle frame market increased by X% to $X, rising for the third consecutive year after two years of decline. In general, consumption, however, saw a perceptible downturn. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Spectacle Frame Exports

Exports from Ghana

In 2021, approx. X units of frames and mountings for spectacles, goggles or the like were exported from Ghana; growing by X% on the previous year's figure. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, spectacle frame exports soared to $X in 2021. Overall, exports, however, showed a abrupt shrinkage. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria (X units) was the main destination for spectacle frame exports from Ghana, accounting for a X% share of total exports. Moreover, spectacle frame exports to Nigeria exceeded the volume sent to the second major destination, France (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Nigeria amounted to +X%.

In value terms, Nigeria ($X) remains the key foreign market for spectacle frame exports from Ghana, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Nigeria amounted to +X%.

Export Prices by Country

The average spectacle frame export price stood at $X per unit in 2021, declining by -X% against the previous year. In general, the export price showed a dramatic downturn. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Nigeria ($X per unit), while the average price for exports to France stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+X%).

Spectacle Frame Imports

Imports into Ghana

In 2021, purchases abroad of frames and mountings for spectacles, goggles or the like increased by X% to X units, rising for the third year in a row after two years of decline. In general, imports, however, showed a deep slump. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, spectacle frame imports contracted slightly to $X in 2021. Overall, imports, however, showed a mild contraction. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The UK (X units), Hong Kong SAR (X units) and Turkey (X units) were the main suppliers of spectacle frame imports to Ghana, with a combined X% share of total imports.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Hong Kong SAR ($X) and Italy ($X) were the largest spectacle frame suppliers to Ghana, with a combined X% share of total imports. The Netherlands, South Africa, the UK, the United Arab Emirates, Turkey, India, Singapore and France lagged somewhat behind, together accounting for a further X the main suppliers, Turkey, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spectacle frame import price stood at $X per unit in 2021, dropping by -X% against the previous year. Over the period under review, the import price, however, posted a notable expansion. The growth pace was the most rapid in 2015 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably countryorigin: the country with the highest price was China ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year	Historical Period	Forecast Period	Units
2022	2012-2022	2023-2030	US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for frames and mountings for spectacles, goggles or the like in the world?

The countries with the highest volumes of consumption in 2021 were the United States, China and Italy, together accounting for 40% of global consumption. Mexico, Hong Kong SAR, France, Japan, Indonesia, Bangladesh, Russia, South Korea and the Netherlands lagged somewhat behind, together comprising a further 31%.

What are the largest producers of frames and mountings for spectacles, goggles or the like in the world?

China remains the largest spectacle frame producing country worldwide, comprising approx. 47% of total volume. Moreover, spectacle frame production in China exceeded the figures recorded by the second-largest producer, Italy, fourfold. Indonesia ranked third in terms of total production with a 6.2% share.

What are the leading suppliers of frames and mountings for spectacles, goggles or the like to Ghana?

In value terms, the largest spectacle frame suppliers to Ghana were China, Hong Kong SAR and Italy, together accounting for 53% of total imports. The Netherlands, South Africa, the UK, the United Arab Emirates, Turkey, India, Singapore and France lagged somewhat behind, together accounting for a further 38%.

What are the leading importers of frames and mountings for spectacles, goggles or the like from Ghana?

In value terms, Nigeria $242) remains the key foreign market for spectacle frame exports from Ghana, comprising 71% of total exports. The second position in the ranking was taken by France $42), with a 12% share of total exports.

What is the average export price for frames and mountings for spectacles, goggles or the like in Ghana?

The average spectacle frame export price stood at $18 per unit in 2021, waning by -21.6% against the previous year.

What is the average import price for frames and mountings for spectacles, goggles or the like in Ghana?

The average spectacle frame import price stood at $36 per unit in 2021, which is down by -21.4% against the previous year.

This report provides an in-depth analysis of the spectacle frame market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

• Prodcom 32504350 - Plastic frames and mountings for spectacles, goggles or the like

• Prodcom 32504390 - Non-plastic frames and mountings for spectacles, goggles and the like

Country coverage:

• Ghana

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Trade (exports and imports) in Ghana

• Export and import prices

• Market trends, drivers and restraints

• Key market players and their profiles

Reasons to buy this report:

• Take advantage of the latest data

• Find deeper insights into current market developments

• Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1

REPORT DESCRIPTION

1.2

RESEARCH METHODOLOGY AND AI PLATFORM

1.3

DATA-DRIVEN DECISIONS FOR YOUR BUSINESS

1.4

REPORT DESCRIPTION

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance