ECOWAS: Domestic Toaster Market 2024

Domestic Toaster Market Size in ECOWAS

The ECOWAS domestic toaster market reached $X in 2022, surging by X% against the previous year. In general, consumption recorded a strong expansion. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Domestic Toaster Production in ECOWAS

In value terms, domestic toaster production rose slightly to $X in 2022 estimated in export price. Overall, production saw a strong increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Domestic Toaster Exports

Exports in ECOWAS

In 2022, exports of domestic electric toasters in ECOWAS surged to X units, jumping by X% on the previous year. Overall, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, domestic toaster exports fell sharply to $X in 2022. Over the period under review, exports, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Liberia was the major exporter of domestic electric toasters in ECOWAS, with the volume of exports finishing at X units, which was near X% of total exports in 2022. It was distantly followed by Ghana (X units), Sierra Leone (X units), Mali (X units) and Senegal (X units), together creating a X% share of total exports. The following exporters - Nigeria (X units) and Cote d'Ivoire (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to domestic toaster exports from Liberia stood at X%. At the same time, Mali (X%), Sierra Leone (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Senegal (X%), Ghana (X%) and Nigeria (X%) illustrated a downward trend over the same period. While the share of Liberia (X p.p.), Sierra Leone (X p.p.) and Mali (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Senegal (X p.p.), Ghana (X p.p.) and Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest domestic toaster supplying countries in ECOWAS were Ghana ($X), Liberia ($X) and Sierra Leone ($X), with a combined X% share of total exports. Senegal, Mali, Nigeria and Cote d'Ivoire lagged somewhat behind, together comprising a further X%.

Mali, 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 more modest paces of growth.

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, dropping by X% against the previous year. In general, the export price recorded a deep slump. The growth pace was the most rapid in 2017 when the export price increased by X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while Liberia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (X%), while the other leaders experienced more modest paces of growth.

Domestic Toaster Imports

Imports in ECOWAS

In 2022, domestic toaster imports in ECOWAS expanded markedly to X units, surging by X% compared with the year before. Over the period under review, imports enjoyed resilient growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, domestic toaster imports rose remarkably to $X in 2022. In general, imports posted resilient growth. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Ghana represented the major importer of domestic electric toasters in ECOWAS, with the volume of imports reaching X units, which was near X% of total imports in 2022. It was distantly followed by Nigeria (X units) and Cote d'Ivoire (X units), together achieving a X% share of total imports. Senegal (X units) followed a long way behind the leaders.

Imports into Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Senegal (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ghana and Senegal increased by X and X percentage points, respectively.

In value terms, Ghana ($X), Nigeria ($X) and Cote d'Ivoire ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Senegal lagged somewhat behind, comprising a further X%.

In terms of the main importing countries, Senegal, 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 2022, the import price in ECOWAS amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Senegal ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2022, 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.

Source: IndexBox Platform

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