ECOWAS: Market for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V 2024

Exports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Exports in ECOWAS

In 2022, exports of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v in ECOWAS surged to X units, jumping by X% against the previous year. Over the period under review, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, electrical board and console exports totaled $X in 2022. Overall, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Senegal represented the main exporter of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v in ECOWAS, with the volume of exports recording X units, which was near X% of total exports in 2022. Nigeria (X units) took the second position in the ranking, followed by Mali (X units), Cote d'Ivoire (X units) and Ghana (X units). All these countries together held near X% share of total exports. Niger (X units) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to electrical board and console exports from Senegal stood at X%. At the same time, Niger (X%), Ghana (X%), Mali (X%), Nigeria (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. Senegal (X p.p.), Ghana (X p.p.), Mali (X p.p.), Nigeria (X p.p.) and Niger (X p.p.) significantly strengthened its position in terms of the total exports, while Cote d'Ivoire saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Senegal ($X) emerged as the largest electrical board and console supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports. It was followed by Cote d'Ivoire, with a X% share.

In Senegal, electrical board and console exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, waning by X% against the previous year. Overall, the export price, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, 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.

Imports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Imports in ECOWAS

In 2022, overseas purchases of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v decreased by X% to X units, falling for the second year in a row after three years of growth. Overall, imports, however, showed a resilient increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, electrical board and console imports contracted to $X in 2022. Over the period under review, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Nigeria (X units) and Cote d'Ivoire (X units) were the main importers of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v in ECOWAS, together achieving X% of total imports. Senegal (X units) took the next position in the ranking, followed by Niger (X units), Ghana (X units) and Guinea (X units). All these countries together took near X% share of total imports. Mali (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 leading importing countries, was attained by Niger (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Cote d'Ivoire ($X) and Ghana ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Guinea, Senegal, Niger and Mali lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Niger, with a CAGR of X%, saw the highest rates of growth with regard to 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 2022, the import price in ECOWAS amounted to $X per unit, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices remained at a somewhat 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 Ghana ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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