ECOWAS: Market for Domestic, Non-Electric, Cooking Or Heating Appliances 2024

Market Size for Domestic, Non-Electric, Cooking Or Heating Appliances in ECOWAS

In 2022, the ECOWAS market for domestic, non-electric, cooking or heating appliances decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption faced a abrupt slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Domestic, Non-Electric, Cooking Or Heating Appliances in ECOWAS

In value terms, production of domestic, non-electric, cooking or heating appliances expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. Over the period under review, production of reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Domestic, Non-Electric, Cooking Or Heating Appliances

Exports in ECOWAS

In 2022, exports of domestic, non-electric, cooking or heating appliances in ECOWAS skyrocketed to X units, jumping by X% against the previous year's figure. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, exports of domestic, non-electric, cooking or heating appliances dropped modestly to $X in 2022. Over the period under review, exports, however, saw a deep slump. The growth pace was the most rapid in 2017 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Togo dominates appliances structure, accounting for X units, which was near X% of total exports in 2022. Ghana (X units), Senegal (X units) and Benin (X units) followed a long way behind the leaders.

Togo was also the fastest-growing in terms of the domestic, non-electric, cooking or heating appliances exports, with a CAGR of X% from 2012 to 2022. At the same time, Benin (X%) displayed positive paces of growth. By contrast, Ghana (X%) and Senegal (X%) illustrated a downward trend over the same period. Togo (X p.p.) significantly strengthened its position in terms of the total exports, while Benin, Ghana and Senegal saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, the largest domestic, non-electric, cooking or heating appliance supplying countries in ECOWAS were Senegal ($X), Togo ($X) and Benin ($X), with a combined X% share of total exports.

Togo, with a CAGR of X%, recorded 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 mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, which is down by X% against the previous year. In general, the export price saw a sharp contraction. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2018 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 Senegal ($X per unit), while Togo ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Benin (X%), while the other leaders experienced a decline in the export price figures.

Imports of Domestic, Non-Electric, Cooking Or Heating Appliances

Imports in ECOWAS

In 2022, supplies from abroad of domestic, non-electric, cooking or heating appliances decreased by X% to X units, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a dramatic shrinkage. The growth pace was the most rapid in 2015 when imports increased by X%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of domestic, non-electric, cooking or heating appliances reduced rapidly to $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Ghana (X units) and Nigeria (X units) represented roughly X% of total imports in 2022. Senegal (X units) ranks next in terms of the total imports with a X% share, followed by Cote d'Ivoire (X%). Cabo Verde (X units), Guinea (X units) and Benin (X units) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

In terms of the main importing countries, Benin, with a CAGR of X%, saw 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, which is down by X% against the previous year. In general, the import price, however, saw significant growth. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2021, and then reduced notably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cabo Verde ($X per unit), while Guinea ($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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