Report Western Africa - Personal Spectacle Optics - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Western Africa - Personal Spectacle Optics - Market Analysis, Forecast, Size, Trends and Insights
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Western Africa: Personal Spectacle Optics Market 2022

Personal Spectacle Optics Market Size in Western Africa

In 2021, the West African personal spectacle optics market decreased by -X% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption, however, showed a perceptible shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Personal Spectacle Optics Production in Western Africa

In value terms, personal spectacle optics production contracted slightly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a slight decline. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Personal Spectacle Optics Exports

Exports in Western Africa

In 2021, approx. X units of personal spectacle optics were exported in Western Africa; growing by X% on the previous year. In general, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, personal spectacle optics exports fell to $X in 2021. Over the period under review, exports, however, showed a slight reduction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Nigeria was the key exporting country with an export of about X units, which amounted to X% of total exports. It was distantly followed by Cote d'Ivoire (X units), mixing up a X% share of total exports. Mali (X units), Togo (X units) and Sierra Leone (X units) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the personal spectacle optics exports, with a CAGR of +X% from 2012 to 2021. At the same time, Cote d'Ivoire (+X%) and Sierra Leone (+X%) displayed positive paces of growth. By contrast, Mali (-X%) and Togo (-X%) illustrated a downward trend over the same period. Nigeria (+X p.p.), Cote d'Ivoire (+X p.p.) and Sierra Leone (+X p.p.) significantly strengthened its position in terms of the total exports, while Mali and Togo saw its share reduced by -X% and -X% from 2012 to 2021, respectively.

In value terms, Cote d'Ivoire ($X), Sierra Leone ($X) and Togo ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined X% share of total exports.

Among the main exporting countries, Cote d'Ivoire, with a CAGR of +X%, recorded 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

The export price in Western Africa stood at $X per unit in 2021, reducing by -X% against the previous year. In general, the export price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably countryorigin: the country with the highest price was Sierra Leone ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

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

Personal Spectacle Optics Imports

Imports in Western Africa

In 2021, imports of personal spectacle optics in Western Africa stood at X units, rising by X% compared with 2020 figures. Over the period under review, imports, however, continue to indicate a mild slump. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, personal spectacle optics imports contracted to $X in 2021. Total imports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of personal spectacle optics imports in 2021 were Burkina Faso (X units), Ghana (X units), Senegal (X units) and Nigeria (X units), together reaching X% of total import. It was distantly followed by Cote d'Ivoire (X units), generating a X% share of total imports. The following importers - Mauritania (X units) and Benin (X units) - each reached an X% share of total imports.

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

In value terms, Nigeria ($X) constitutes the largest market for imported personal spectacle optics in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Burkina Faso, with an X% share.

From 2012 to 2021, the average annual growth rate of value in Nigeria totaled +X%. In the other countries, the average annual rates were as follows: Ghana (+X% per year) and Burkina Faso (+X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2021, shrinking by -X% against the previous year. Import price indicated a temperate 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. Based on 2021 figures, personal spectacle optics import price decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably countrydestination: the country with the highest price was Nigeria ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

From 2012 to 2021, 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

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for personal spectacle optics in Western Africa?
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The countries with the highest volumes of consumption in 2021 were Benin, Burkina Faso and Sierra Leone, with a combined 60% share of total consumption.
What are the largest producers of personal spectacle optics in Western Africa?
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The countries with the highest volumes of production in 2021 were Benin and Sierra Leone.
What are the leading exporters of personal spectacle optics in Western Africa?
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In value terms, the largest personal spectacle optics supplying countries in Western Africa were Cote d'Ivoire, Sierra Leone and Togo, with a combined 60% share of total exports.
What are the leading importers of personal spectacle optics in Western Africa?
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In value terms, Nigeria constitutes the largest market for imported personal spectacle optics in Western Africa, comprising 35% of total imports. The second position in the ranking was taken by Ghana, with a 15% share of total imports. It was followed by Burkina Faso, with an 8.1% share.
What is the average export price for personal spectacle optics in Western Africa?
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In 2021, the export price in Western Africa amounted to $2.8 per unit, declining by -8.8% against the previous year.
What is the average import price for personal spectacle optics in Western Africa?
+
The import price in Western Africa stood at $1.2 per unit in 2021, dropping by -16.5% against the previous year.

This report provides an in-depth analysis of the personal spectacle optics market in Western Africa. 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 32504250 - Sunglasses
• Prodcom 32504290 - Spectacles, goggles and the like, corrective, protective or other (excluding sunglasses)
Country coverage:
• Benin
• Burkina Faso
• Cabo Verde
• Cote d'Ivoire
• Gambia
• Guinea
• Guinea-Bissau
• Liberia
• Mali
• Mauritania
• Saint Helena, Ascension and Tristan da Cunha
• Senegal
• Sierra Leone
• Togo

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Western Africa, split by region and country
• Trade (exports and imports) in Western Africa
• 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
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Benin
• Burkina Faso
• Cabo Verde
• Gambia
• Ghana
• Guinea
• Guinea-Bissau
• Liberia
• Mali
• Mauritania
• Niger
• Nigeria
• Saint Helena, Ascension and Tristan da Cunha
• Senegal
• Sierra Leone
• Togo
• Cote d'Ivoire
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption, By Country, 2015–2021
Table 5:
Production, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Physical Terms, By Country, 2012–2021
Table 7:
Imports, In Value Terms, By Country, 2012–2021
Table 8:
Import Prices, By Country Of Destination, 2012–2021
Table 9:
Exports, In Physical Terms, By Country, 2012–2021
Table 10:
Exports, In Value Terms, By Country, 2012–2021
Table 11:
Export Prices, By Country Of Origin, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2021
Figure 17:
Production, In Value Terms, 2012–2021
Figure 18:
Production, By Country, 2021
Figure 19:
Production, In Physical Terms, By Country, 2012–2021
Figure 20:
Imports, In Physical Terms, 2012–2021
Figure 21:
Imports, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, By Country, 2021
Figure 23:
Imports, In Physical Terms, By Country, 2012–2021
Figure 24:
Imports, In Value Terms, By Country, 2012–2021
Figure 25:
Import Prices, By Country, 2012–2021
Figure 26:
Exports, In Physical Terms, 2012–2021
Figure 27:
Exports, In Value Terms, 2012–2021
Figure 28:
Exports, In Physical Terms, By Country, 2021
Figure 29:
Exports, In Physical Terms, By Country, 2012–2021
Figure 30:
Exports, In Value Terms, By Country, 2012–2021
Figure 31:
Export Prices, 2012–2021
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