ECOWAS: Market for Electric Table, Desk, Bedside Or Floor Standing Lamp 2024

Market Size for Electric Table, Desk, Bedside Or Floor Standing Lamp in ECOWAS

In 2022, the ECOWAS market for electric table, desk, bedside or floor standing lamp decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, recorded buoyant growth. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Electric Table, Desk, Bedside Or Floor Standing Lamp in ECOWAS

In value terms, table, bedside and floor lamp production soared to $X in 2022 estimated in export price. In general, production, however, posted significant growth. The pace of growth was the most pronounced in 2019 when the production volume increased by X,000%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Electric Table, Desk, Bedside Or Floor Standing Lamp

Exports by Country

In 2022, Nigeria (X kg) was the largest exporter of electric table, desk, bedside or floor standing lamp, comprising X% of total exports. Cote d'Ivoire (X kg) ranks second in terms of the total exports with a X% share, followed by Ghana (X%), Cabo Verde (X%), Senegal (X%) and Niger (X%). Burkina Faso (X kg) followed a long way behind the leaders.

Exports from Nigeria increased at an average annual rate of X% from 2020 to 2022. At the same time, Cabo Verde (X%), Burkina Faso (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Cabo Verde emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2020-2022. By contrast, Niger (X%), Cote d'Ivoire (X%) and Senegal (X%) illustrated a downward trend over the same period. From 2020 to 2022, the share of Cabo Verde, Nigeria, Ghana and Burkina Faso increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) remains the largest table, bedside and floor lamp supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Ghana, with an X% share.

From 2020 to 2022, the average annual growth rate of value in Nigeria totaled X%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, remaining stable against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then dropped modestly in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Nigeria ($X per ton) and Ghana ($X per ton), while Burkina Faso ($X per ton) and Niger ($X per ton) were amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Cabo Verde (X%), while the other leaders experienced more modest paces of growth.

Imports of Electric Table, Desk, Bedside Or Floor Standing Lamp

Imports in ECOWAS

In 2022, after two years of growth, there was significant decline in overseas purchases of electric table, desk, bedside or floor standing lamp, when their volume decreased by X% to X tons. Overall, imports, however, showed prominent growth. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, table, bedside and floor lamp imports shrank sharply to $X in 2022. Over the period under review, imports, however, posted buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Cote d'Ivoire (X tons) and Ghana (X tons) were the main importers of electric table, desk, bedside or floor standing lamp in ECOWAS, together creating X% of total imports. It was distantly followed by Senegal (X tons), Nigeria (X tons), Guinea (X tons) and Liberia (X tons), together generating a X% share of total imports. Cabo Verde (X tons) took a little share of total imports.

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

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

Among the main importing countries, Liberia, 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 ton, shrinking by X% against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2015 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 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 ($X per ton), while Cabo Verde ($X per ton) 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 a decline in the import price figures.

Source: IndexBox Platform

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