Western Africa: Spectacle Frame Market 2024

Spectacle Frame Market Size in Western Africa

The West African spectacle frame market expanded modestly to $X in 2023, picking up by X% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Spectacle Frame Production in Western Africa

In value terms, spectacle frame production amounted to $X in 2023 estimated in export price. The total production indicated a resilient increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2015 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Spectacle Frame Exports

Exports in Western Africa

In 2023, after two years of growth, there was significant decline in shipments abroad of frames and mountings for spectacles, goggles or the like, when their volume decreased by X% to X units. Overall, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, spectacle frame exports reduced notably to $X in 2023. In general, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 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, Liberia (X units), distantly followed by Benin (X units), Cote d'Ivoire (X units), Niger (X units), Sierra Leone (X units), Senegal (X units) and Guinea (X units) represented the major exporters of frames and mountings for spectacles, goggles or the like, together comprising X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Benin (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Benin ($X), Liberia ($X) and Cote d'Ivoire ($X) were the countries with the highest levels of exports in 2023, together comprising X% of total exports.

Among the main exporting countries, Benin, with a CAGR of X%, saw the highest rates of growth with regard to 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 2023, the export price in Western Africa amounted to $X per unit, leveling off at the previous year. In general, the export price, however, recorded perceptible growth. The growth pace was the most rapid in 2020 an increase of X%. The level of export peaked at $X per unit in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.

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 ($X per unit), while Liberia ($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 mixed trends in the export price figures.

Spectacle Frame Imports

Imports in Western Africa

After two years of growth, supplies from abroad of frames and mountings for spectacles, goggles or the like decreased by X% to X units in 2023. In general, imports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports attained the maximum at X units in 2022, and then reduced markedly in the following year.

In value terms, spectacle frame imports fell to $X in 2023. Over the period under review, imports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2022 when imports increased by X%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

In 2023, Senegal (X units), Nigeria (X units) and Cote d'Ivoire (X units) represented the largest importer of frames and mountings for spectacles, goggles or the like in Western Africa, committing X% of total import. Ghana (X units) ranks next in terms of the total imports with an X% share, followed by Cabo Verde (X%) and Benin (X%). Gambia (X units) held a minor 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, Nigeria ($X) constitutes the largest market for imported frames and mountings for spectacles, goggles or the like in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Senegal ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

In Nigeria, spectacle frame imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2023, the import price in Western Africa amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price enjoyed a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per unit), while Gambia ($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