ECOWAS: Market for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters 2024

Market Size for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in ECOWAS

The ECOWAS electric oven and cooker market dropped slightly to $X in 2022, waning by X% against the previous year. The total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in ECOWAS

In value terms, electric oven and cooker production shrank to $X in 2022 estimated in export price. The total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Exports in ECOWAS

Electric oven and cooker exports declined to X units in 2022, dropping by X% compared with the year before. Total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, electric oven and cooker exports reduced notably to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then fell markedly in the following year.

Exports by Country

In 2022, Senegal (X units), Ghana (X units) and Cote d'Ivoire (X units) was the largest exporter of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters in ECOWAS, achieving X% of total export. It was distantly followed by Guinea (X units), Burkina Faso (X units) and Sierra Leone (X units), together making up a X% share of total exports. Nigeria (X units) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Senegal (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest electric oven and cooker supplying countries in ECOWAS were Senegal ($X), Cote d'Ivoire ($X) and Ghana ($X), with a combined X% share of total exports.

Among the main exporting countries, Senegal, with a CAGR of X%, recorded the highest growth rate of the value of exports, 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. Over the period under review, the export price recorded a mild slump. The pace of growth was the most pronounced in 2017 when the export price increased by X%. The level of export peaked at $X per unit in 2021, and then declined markedly in the following year.

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

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

Imports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Imports in ECOWAS

In 2022, overseas purchases of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters decreased by X% to X units, falling for the second consecutive year after four years of growth. Overall, imports, however, posted prominent growth. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, electric oven and cooker imports contracted sharply to $X in 2022. Over the period under review, imports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Ghana was the major importing country with an import of around X units, which reached X% of total imports. Guinea (X units) ranks second in terms of the total imports with an X% share, followed by Nigeria (X%) and Cote d'Ivoire (X%). The following importers - Senegal (X units), Liberia (X units) and Mali (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to electric oven and cooker imports into Ghana stood at X%. At the same time, Guinea (X%), Liberia (X%), Cote d'Ivoire (X%), Mali (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Guinea 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. While the share of Ghana (X p.p.), Guinea (X p.p.), Cote d'Ivoire (X p.p.) and Liberia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported electric ovens, cookers, cooking plates, boiling rings, grillers and roasters in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Nigeria ($X), with an X% share of total imports. It was followed by Guinea, with a X% share.

In Ghana, electric oven and cooker imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and Guinea (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, almost unchanged from the previous year. In general, the import price, however, recorded a perceptible shrinkage. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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