Western Africa: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in Western Africa

The West African spectacle non-plastic frame market shrank modestly to $X in 2023, approximately equating the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Spectacle Non-Plastic Frame Production in Western Africa

In value terms, spectacle non-plastic frame production contracted modestly to $X in 2023 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Spectacle Non-Plastic Frame Exports

Exports in Western Africa

After two years of growth, overseas shipments of non-plastic frames and mountings for spectacles and goggles decreased by X% to X units in 2023. Overall, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, spectacle non-plastic frame exports shrank significantly to $X in 2023. In general, exports showed a abrupt contraction. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Sierra Leone (X units), Senegal (X units) and Ghana (X units) represented roughly X% of total exports in 2023. It was distantly followed by Mali (X units) and Cote d'Ivoire (X units), together achieving a X% share of total exports. Cabo Verde (X units) and Nigeria (X units) held a little share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Cote d'Ivoire (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest spectacle non-plastic frame supplying countries in Western Africa were Sierra Leone ($X), Senegal ($X) and Ghana ($X), with a combined X% share of total exports. Cote d'Ivoire, Nigeria, Mali and Cabo Verde lagged somewhat behind, together comprising a further X%.

Cote d'Ivoire, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The level of export peaked at $X per unit in 2020; however, from 2021 to 2023, the export prices failed to regain momentum.

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 Nigeria ($X per unit), while Mali ($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.

Spectacle Non-Plastic Frame Imports

Imports in Western Africa

In 2023, the amount of non-plastic frames and mountings for spectacles and goggles imported in Western Africa soared to X units, jumping by X% on 2022. Total imports indicated a moderate increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, spectacle non-plastic frame imports soared to $X in 2023. Total imports indicated a temperate 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. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in the near future.

Imports by Country

Nigeria (X units) and Senegal (X units) were the major importers of non-plastic frames and mountings for spectacles and goggles in 2023, recording near X% and X% of total imports, respectively. Cabo Verde (X units) took the next position in the ranking, followed by Cote d'Ivoire (X units), Burkina Faso (X units) and Benin (X units). All these countries together took near X% share of total imports. Ghana (X units) followed a long way behind the leaders.

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

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

Among the main importing countries, Burkina Faso, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Western Africa amounted to $X per unit, falling by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2022, and then fell in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Ghana ($X per unit) and Benin ($X per unit), while Senegal ($X per unit) and Cote d'Ivoire ($X per unit) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform