Morocco: Spectacles And Goggles Market 2022

Spectacles And Goggles Market Size in Morocco

In 2021, the Moroccan spectacles and goggles market decreased by -X% to $X, falling for the second consecutive year after four years of growth. Over the period under review, consumption, however, showed notable growth. Spectacles and goggles consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Spectacles And Goggles Exports

Exports from Morocco

In 2021, overseas shipments of spectacles and goggles decreased by -X% to X units for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, spectacles and goggles exports shrank dramatically to $X in 2021. Over the period under review, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Tunisia (X units) was the main destination for spectacles and goggles exports from Morocco, accounting for a X% share of total exports. Moreover, spectacles and goggles exports to Tunisia exceeded the volume sent to the second major destination, Mauritania (X units), twofold. The third position in this ranking was taken by France (X units), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Tunisia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (-X% per year) and France (+X% per year).

In value terms, the largest markets for spectacles and goggles exported from Morocco were Tunisia ($X), France ($X) and Mauritania ($X), together comprising X% of total exports. These countries were followed by Cote d'Ivoire, Senegal and Sudan, which together accounted for a further X terms of the main countries of destination, Senegal, with a CAGR of +X%, saw the highest growth rate of 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 2021, the average spectacles and goggles export price amounted to $X per unit, falling by -X% against the previous year. Overall, export price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was France ($X per unit), while the average price for exports to Tunisia ($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 Senegal (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacles And Goggles Imports

Imports into Morocco

In 2021, overseas purchases of spectacles and goggles decreased by -X% to X units, falling for the second year in a row after four years of growth. In general, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, spectacles and goggles imports fell to $X in 2021. Overall, total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest spectacles and goggles supplier to Morocco, with a X% share of total imports. Moreover, spectacles and goggles imports from China exceeded the figures recorded by the second-largest supplier, France (X units), more than tenfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Taiwan (Chinese) (-X% per year).

In value terms, China ($X) constituted the largest supplier of spectacles and goggles to Morocco, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Taiwan (Chinese) (+X% per year).

Import Prices by Country

The average spectacles and goggles import price stood at $X per unit in 2021, with an increase of X% against the previous year. In general, the import price, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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