Morocco: Spectacle Frame Market 2022

Spectacle Frame Market Size in Morocco

The Moroccan spectacle frame market soared to $X in 2021, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Spectacle Frame Exports

Exports from Morocco

In 2021, overseas shipments of frames and mountings for spectacles, goggles or the like were finally on the rise to reach X units for the first time since 2013, thus ending a seven-year declining trend. Overall, exports, however, showed a abrupt curtailment. 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 units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, spectacle frame exports declined to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Italy (X units), Portugal (X units) and France (X units) were the main destinations of spectacle frame exports from Morocco, with a combined X% share of total exports. These countries were followed by Mali and Spain, which together accounted for a further X 2012 to 2021, the biggest increases were in Spain (with a CAGR of +X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X) remains the key foreign market for spectacle frame exports from Morocco, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by Mali, with an X% share.

From 2012 to 2021, the average annual growth rate of value to Italy totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and Mali (+X% per year).

Export Prices by Country

In 2021, the average spectacle frame export price amounted to $X per unit, declining by -X% against the previous year. Over the period under review, the export price, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2020, and then fell in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Frame Imports

Imports into Morocco

In 2021, spectacle frame imports into Morocco soared to X units, jumping by X% against the previous year. Over the period under review, imports saw resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, spectacle frame imports surged to $X in 2021. Overall, imports continue to indicate a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X units), China (X units) and France (X units) were the main suppliers of spectacle frame imports to Morocco, together accounting for X% of total imports. Turkey, Spain and Austria lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spectacle frame suppliers to Morocco were China ($X), Italy ($X) and France ($X), with a combined X% share of total imports. These countries were followed by Turkey, Spain and Austria, which together accounted for a further X, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, surging by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were China ($X per unit) and France ($X per unit), while the price for Italy ($X per unit) and Turkey ($X per unit) were 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

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