Nigeria - Spectacles And Goggles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSpectacles and Goggles Price in Nigeria - 2022
Contents:
- Spectacles and Goggles Price in Nigeria (CIF) - 2022
- Spectacles and Goggles Price in Nigeria (FOB) - 2022
- Spectacles and Goggles Imports in Nigeria
- Spectacles and Goggles Exports in Nigeria
Spectacles and Goggles Price in Nigeria (CIF) - 2022
In 2022, the average spectacles and goggles import price amounted to $7.3 per unit, falling by -10.3% against the previous year. In general, the import price, however, saw a buoyant increase. The growth pace was the most rapid in 2015 when the average import price increased by 38% against the previous year. Over the period under review, average import prices attained the peak figure at $8.1 per unit in 2021, and then reduced in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United Arab Emirates ($9.6 per unit) and the United States ($7.2 per unit), while the price for Germany ($7.2 per unit) and South Africa ($7.2 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Spectacles and Goggles Price in Nigeria (FOB) - 2022
In 2022, the average spectacles and goggles export price amounted to $45 per unit, increasing by 5.6% against the previous year. Overall, the export price showed a measured increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 91%. As a result, the export price reached the peak level of $50 per unit. From 2020 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Benin ($49 per unit), while the average price for exports to South Africa ($12 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+211.3%), while the prices for the other major destinations experienced more modest paces of growth.
Spectacles and Goggles Imports in Nigeria
In 2022, purchases abroad of spectacles and goggles increased by 102% to 327K units for the first time since 2019, thus ending a two-year declining trend. In general, imports continue to indicate a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, spectacles and goggles imports soared to $2.4M in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Spectacles and Goggles in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 946 | 913 | 532 | 1,927 | 26.8% |
United States | 73.7 | 23.0 | 46.8 | 217 | 43.3% |
Taiwan (Chinese) | 42.8 | 29.7 | 14.8 | 51.4 | 6.3% |
Austria | N/A | N/A | N/A | 44.5 | 0% |
United Kingdom | 52.1 | 38.3 | 604 | 33.9 | -13.3% |
Others | 115 | 205 | 114 | 99.4 | -4.7% |
Total | 1,229 | 1,210 | 1,312 | 2,373 | 24.5% |
Top Suppliers of Spectacles and Goggles to Nigeria in 2022:
- China (266.1K units)
- United States (30.0K units)
- Taiwan (Chinese) (7.1K units)
- Austria (6.1K units)
- United Kingdom (4.7K units)
Spectacles and Goggles Exports in Nigeria
In 2022, after three years of growth, there was decline in shipments abroad of spectacles and goggles, when their volume decreased by -2.3% to 562 units. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +16.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 53% against the previous year. Over the period under review, the exports reached the maximum at 575 units in 2021, and then contracted modestly in the following year.
In value terms, spectacles and goggles exports expanded to $25K in 2022. The total export value increased at an average annual rate of +12.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 45% against the previous year. As a result, the exports reached the peak of $26K. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Spectacles and Goggles in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Benin | 4.0 | 1.0 | 0.3 | 16.8 | 61.3% |
Niger | 2.6 | 4.6 | 2.0 | 1.4 | -18.6% |
United Kingdom | 1.1 | N/A | N/A | 1.3 | 5.7% |
Rwanda | N/A | N/A | N/A | 1.1 | 0% |
South Africa | 0.2 | 0.2 | 0.6 | 0.9 | 65.1% |
United Arab Emirates | N/A | 0.4 | 0.1 | 0.5 | 11.8% |
Canada | N/A | N/A | 0.2 | 0.3 | 50.0% |
Senegal | N/A | N/A | 1.7 | 0.2 | -88.2% |
Germany | N/A | N/A | 1.7 | 0.2 | -88.2% |
Cote d'Ivoire | 3.0 | 12.1 | 12.1 | N/A | 100.8% |
China | N/A | 6.0 | N/A | N/A | 0% |
Netherlands | 1.5 | N/A | 0.4 | N/A | -48.4% |
Others | 5.5 | 1.7 | 5.4 | 2.4 | -24.2% |
Total | 17.9 | 26.0 | 24.4 | 25.2 | 12.1% |
Top Export Markets for Spectacles and Goggles from Nigeria in 2022:
- Benin (341.0 units)
- South Africa (78.0 units)
- United Kingdom (28.0 units)
- Rwanda (28.0 units)
- Niger (28.0 units)
- Canada (14.0 units)
- United Arab Emirates (11.0 units)
- Senegal (5.0 units)
- Germany (5.0 units)
- Netherlands (1.0 units)
This report provides an in-depth analysis of the spectacles and goggles market in Nigeria. 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 32504290 - Spectacles, goggles and the like, corrective, protective or other (excluding sunglasses)
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the spectacles and goggles market in Nigeria.
This report provides an in-depth analysis of the personal spectacle optics market in Nigeria.
This report provides an in-depth analysis of the sunglasses market in Nigeria.
This report provides an in-depth analysis of the global spectacles and goggles market.
This report provides an in-depth analysis of the global personal spectacle optics market.
This report provides an in-depth analysis of the global sunglasses market.
This report provides an in-depth analysis of the spectacles and goggles market in Nigeria.
This report provides an in-depth analysis of the personal spectacle optics market in Nigeria.
This report provides an in-depth analysis of the sunglasses market in Nigeria.
This report provides an in-depth analysis of the global spectacles and goggles market.
Explore the top-10 countries by import value of spectacles and goggles in 2023. Find out which countries are leading the global market for eyewear imports.
Explore the top import markets for personal spectacle optics and their import values. Discover the key countries driving the industry based on the latest data from IndexBox market intelligence.
Explore the top import markets for sunglasses worldwide, including key statistics and insights. Discover the leading countries and their import values for sunglasses in 2022.
In 2016, the global imports of sunglasses totaled X tons, going up by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- ...
In 2016, the global imports of sunglasses totaled X tons, going up by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- ...
Explore the top-10 countries by import value of spectacles and goggles in 2023. Find out which countries are leading the global market for eyewear imports.
Explore the top import markets for personal spectacle optics and their import values. Discover the key countries driving the industry based on the latest data from IndexBox market intelligence.
Explore the top import markets for sunglasses worldwide, including key statistics and insights. Discover the leading countries and their import values for sunglasses in 2022.
In 2016, the global imports of sunglasses totaled X tons, going up by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- ...
In 2016, the global imports of sunglasses totaled X tons, going up by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- ...