ECOWAS: Spectacle Non-Plastic Frame Market 2024

Spectacle Non-Plastic Frame Market Size in ECOWAS

The ECOWAS spectacle non-plastic frame market fell modestly to $X in 2023, remaining constant against the previous year. Over the period under review, consumption, however, recorded 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 ECOWAS

In value terms, spectacle non-plastic frame production reduced modestly to $X in 2023 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 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 2023, production remained at a lower figure.

Spectacle Non-Plastic Frame Exports

Exports in ECOWAS

In 2023, overseas shipments of non-plastic frames and mountings for spectacles and goggles decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. In general, exports saw a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, spectacle non-plastic frame exports declined dramatically to $X in 2023. Overall, exports faced a deep reduction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Sierra Leone (X units), Senegal (X units) and Ghana (X units), together resulting at X% of total export. It was distantly followed by Mali (X units) and Cote d'Ivoire (X units), together constituting a X% share of total exports. Cabo Verde (X units) and Nigeria (X units) took a little share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key 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 ECOWAS were Sierra Leone ($X), Senegal ($X) and Ghana ($X), together accounting for X% of total exports. Cote d'Ivoire, Nigeria, Mali and Cabo Verde lagged somewhat behind, together accounting for a further X%.

Cote d'Ivoire, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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

The export price in ECOWAS stood at $X per unit in 2023, increasing 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 remained at a 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 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 ECOWAS

In 2023, the amount of non-plastic frames and mountings for spectacles and goggles imported in ECOWAS surged to X units, picking up by X% on 2022. Total imports indicated temperate growth from 2012 to 2023: its volume 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%. As a result, imports attained the peak of X units. From 2017 to 2023, the growth of imports remained at a lower figure.

In value terms, spectacle non-plastic frame imports skyrocketed to $X in 2023. Total imports indicated a moderate increase from 2012 to 2023: its value 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 pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of import peaked in 2023 and is likely to see steady growth in years to come.

Imports by Country

In 2023, Nigeria (X units) and Senegal (X units) were the main importers of non-plastic frames and mountings for spectacles and goggles in ECOWAS, together reaching approx. X% of total imports. Cabo Verde (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (X%), Burkina Faso (X%) and Benin (X%). Ghana (X units) followed a long way behind the leaders.

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

In value terms, the largest spectacle non-plastic frame importing markets in ECOWAS 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 accounting for a further X%.

Burkina Faso, with a CAGR of X%, recorded the highest growth rate of 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

In 2023, the import price in ECOWAS amounted to $X per unit, shrinking 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 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2022, and then dropped 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