SADC: Spectacle Frame Market 2024

Spectacle Frame Market Size in SADC

In 2023, the SADC spectacle frame market decreased by X% to $X, falling for the second consecutive year after three years of growth. Overall, consumption recorded a slight decrease. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Spectacle Frame Production in SADC

In value terms, spectacle frame production expanded markedly to $X in 2023 estimated in export price. In general, production showed a noticeable increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Spectacle Frame Exports

Exports in SADC

In 2023, approx. X units of frames and mountings for spectacles, goggles or the like were exported in SADC; with an increase of X% on the year before. Overall, exports recorded prominent growth. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, spectacle frame exports surged to $X in 2023. Over the period under review, exports posted a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Mauritius was the key exporting country with an export of about X units, which finished at X% of total exports. It was distantly followed by South Africa (X units), making up a X% share of total exports.

Exports from Mauritius increased at an average annual rate of X% from 2012 to 2023. At the same time, South Africa (X%) displayed positive paces of growth. Moreover, South Africa emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. While the share of South Africa (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Mauritius (X p.p.) displayed negative dynamics.

In value terms, Mauritius ($X) and South Africa ($X) were the countries with the highest levels of exports in 2023.

South Africa, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in SADC stood at $X per unit in 2023, with a decrease of X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. The level of export peaked at $X per unit in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Mauritius totaled $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mauritius (X%).

Spectacle Frame Imports

Imports in SADC

In 2023, overseas purchases of frames and mountings for spectacles, goggles or the like decreased by X% to X units, falling for the second year in a row after three years of growth. Over the period under review, imports recorded a slight curtailment. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, spectacle frame imports dropped to $X in 2023. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Africa dominates imports structure, resulting at X units, which was near X% of total imports in 2023. It was distantly followed by Mauritius (X units), making up a X% share of total imports. The following importers - Namibia (X units), Mozambique (X units) and Botswana (X units) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to spectacle frame imports into South Africa stood at X%. At the same time, Mozambique (X%), Botswana (X%), Namibia (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. Mauritius (X p.p.), Namibia (X p.p.) and Mozambique (X p.p.) significantly strengthened its position in terms of the total imports, while South Africa saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported frames and mountings for spectacles, goggles or the like in SADC, comprising X% of total imports. The second position in the ranking was taken by Mauritius ($X), with a X% share of total imports. It was followed by Namibia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in South Africa was relatively modest. In the other countries, the average annual rates were as follows: Mauritius (X% per year) and Namibia (X% per year).

Import Prices by Country

In 2023, the import price in SADC amounted to $X per unit, increasing by X% against the previous year. In general, the import price showed a modest increase. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2019 to 2023, the 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 Mauritius ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform