Western Africa: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in Western Africa

The West African spectacles and goggles market expanded modestly to $X in 2023, surging by X% against the previous year. In general, consumption, however, continues to indicate a tangible increase. Over the period under review, the market attained the peak level at $X in 2021; afterwards, it flattened through to 2023.

Spectacles And Goggles Production in Western Africa

In value terms, spectacles and goggles production rose rapidly to $X in 2023 estimated in export price. In general, production, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Spectacles And Goggles Exports

Exports in Western Africa

After two years of decline, shipments abroad of spectacles and goggles increased by X% to X units in 2023. Overall, exports showed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, spectacles and goggles exports skyrocketed to $X in 2023. Over the period under review, exports enjoyed a resilient increase. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Gambia prevails in exports structure, resulting at X units, which was approx. X% of total exports in 2023. It was distantly followed by Ghana (X units), constituting a X% share of total exports. Cote d'Ivoire (X units), Burkina Faso (X units) and Senegal (X units) followed a long way behind the leaders.

Gambia was also the fastest-growing in terms of the spectacles and goggles exports, with a CAGR of X% from 2012 to 2023. At the same time, Cote d'Ivoire (X%) and Senegal (X%) displayed positive paces of growth. Ghana experienced a relatively flat trend pattern. By contrast, Burkina Faso (X%) illustrated a downward trend over the same period. Gambia (X p.p.) and Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total exports, while Senegal, Ghana and Burkina Faso saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

In value terms, Gambia ($X) emerged as the largest spectacles and goggles supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Burkina Faso, with a X% share.

In Gambia, spectacles and goggles exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Burkina Faso (X% per year).

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per unit, reducing by X% against the previous year. In general, the export price recorded a drastic downturn. The growth pace was the most rapid in 2016 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2023, the export prices remained at a somewhat 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 Burkina Faso ($X per unit), while Ghana ($X per unit) was 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 mixed trends in the export price figures.

Spectacles And Goggles Imports

Imports in Western Africa

In 2023, supplies from abroad of spectacles and goggles decreased by X% to X units, falling for the second consecutive year after three years of growth. Over the period under review, imports continue to indicate a slight setback. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2023, the growth of imports remained at a lower figure.

In value terms, spectacles and goggles imports declined to $X in 2023. Total imports indicated a remarkable 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, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2019 when imports increased by X%. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Nigeria (X units), Guinea (X units), Ghana (X units), Cote d'Ivoire (X units) and Liberia (X units) represented the major importer of spectacles and goggles in Western Africa, achieving X% of total import. Togo (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Burkina Faso (X%), Cabo Verde (X%) and Sierra Leone (X%).

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Togo (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported spectacles and goggles in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Guinea ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Nigeria totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Guinea (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2023, surging by X% against the previous year. Over the period under review, the import price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Guinea ($X per unit), while Cabo Verde ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform