ECOWAS: Non-Electrical Lamp Market 2024

Non-Electrical Lamp Market Size in ECOWAS

In 2022, the ECOWAS non-electrical lamp market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Non-Electrical Lamp Production in ECOWAS

In value terms, non-electrical lamp production contracted slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Non-Electrical Lamp Exports

Exports in ECOWAS

In 2022, the amount of non-electrical lamps and lighting fittings exported in ECOWAS reduced rapidly to X units, which is down by X% against the year before. In general, exports saw a abrupt contraction. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, non-electrical lamp exports expanded markedly to $X in 2022. Overall, exports showed a perceptible decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the three major exporters of non-electrical lamps and lighting fittings, namely Ghana, Cote d'Ivoire and Senegal, represented more than two-thirds of total export. Niger (X units), Sierra Leone (X units) and Benin (X units) followed a long way behind the leaders.

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

In value terms, Benin ($X), Ghana ($X) and Cote d'Ivoire ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Benin, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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

In 2022, the export price in ECOWAS amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price enjoyed measured growth. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Benin ($X per unit), while Senegal ($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 mixed trends in the export price figures.

Non-Electrical Lamp Imports

Imports in ECOWAS

After two years of decline, overseas purchases of non-electrical lamps and lighting fittings increased by X% to X units in 2022. Overall, imports continue to indicate a mild increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-electrical lamp imports surged to $X in 2022. Over the period under review, imports saw a temperate increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Burkina Faso (X units), Senegal (X units) and Nigeria (X units) was the key importer of non-electrical lamps and lighting fittings in ECOWAS, committing X% of total import. Benin (X units) ranks next in terms of the total imports with an X% share, followed by Cote d'Ivoire (X%). Togo (X units) and Ghana (X units) followed a long way behind the leaders.

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

In value terms, Nigeria ($X) constitutes the largest market for imported non-electrical lamps and lighting fittings in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Benin ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

In Nigeria, non-electrical lamp imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Benin (X% per year) and Senegal (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the import price, however, recorded slight growth. The pace of growth appeared the most rapid in 2017 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the 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 Ghana ($X per unit), while Burkina Faso ($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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