Western Africa: Spectacle Glass Lenses Market 2024

Spectacle Glass Lenses Market Size in Western Africa

The West African spectacle glass lenses market reduced modestly to $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then reduced in the following year.

Spectacle Glass Lenses Production in Western Africa

In value terms, spectacle glass lenses production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Spectacle Glass Lenses Exports

Exports in Western Africa

For the third year in a row, Western Africa recorded growth in overseas shipments of spectacle lenses of glass or other materials, which increased by X% to X units in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, spectacle glass lenses exports soared to $X in 2022. In general, exports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Ghana prevails in exports structure, finishing at X units, which was approx. X% of total exports in 2022. It was distantly followed by Benin (X units), committing an X% share of total exports.

Exports from Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Benin (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. While the share of Benin (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Ghana (X p.p.) displayed negative dynamics.

In value terms, Ghana ($X) remains the largest spectacle glass lenses supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Benin ($X), with a X% share of total exports.

In Ghana, spectacle glass lenses exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price, however, showed a abrupt shrinkage. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Benin ($X per unit), while Ghana amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Benin (X%).

Spectacle Glass Lenses Imports

Imports in Western Africa

In 2022, after three years of growth, there was significant decline in overseas purchases of spectacle lenses of glass or other materials, when their volume decreased by X% to X units. Over the period under review, imports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. The volume of import peaked at X units in 2021, and then reduced rapidly in the following year.

In value terms, spectacle glass lenses imports dropped notably to $X in 2022. Overall, imports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2021, and then fell remarkably in the following year.

Imports by Country

The purchases of the five major importers of spectacle lenses of glass or other materials, namely Cote d'Ivoire, Ghana, Senegal, Nigeria and Burkina Faso, represented more than two-thirds of total import. It was distantly followed by Benin (X units), creating an X% share of total imports. Cabo Verde (X units) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Benin (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spectacle glass lenses importing markets in Western Africa were Senegal ($X), Cote d'Ivoire ($X) and Nigeria ($X), with a combined X% share of total imports. Cabo Verde, Burkina Faso, Ghana and Benin lagged somewhat behind, together comprising a further X%.

Burkina Faso, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Cabo Verde ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cabo Verde (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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