ECOWAS: Optical Fiber Cables Market 2024

Optical Fiber Cables Market Size in ECOWAS

The ECOWAS optical fiber cables market stood at $X in 2022, growing by X% against the previous year. Over the period under review, consumption recorded a strong expansion. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in years to come.

Optical Fiber Cables Production in ECOWAS

In value terms, optical fiber cables production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Optical Fiber Cables Exports

Exports in ECOWAS

In 2022, overseas shipments of optical fiber cables increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, optical fiber cables exports surged to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Cote d'Ivoire (X tons) represented the key exporter of optical fiber cables, creating X% of total exports. It was distantly followed by Togo (X tons), Senegal (X tons) and Ghana (X tons), together constituting a X% share of total exports. Liberia (X kg) followed a long way behind the leaders.

Exports from Cote d'Ivoire increased at an average annual rate of X% from 2012 to 2022. At the same time, Togo (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%) and Liberia (X%) illustrated a downward trend over the same period. While the share of Cote d'Ivoire (X p.p.), Togo (X p.p.), Senegal (X p.p.) and Liberia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Ghana (X p.p.) displayed negative dynamics.

In value terms, Cote d'Ivoire ($X) remains the largest optical fiber cables supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Togo ($X), with a X% share of total exports. It was followed by Senegal, with a X% share.

In Cote d'Ivoire, optical fiber cables exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Togo (X% per year) and Senegal (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price, however, saw a noticeable expansion. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 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 Liberia ($X per ton), while Togo ($X per ton) was amongst the lowest.

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

Optical Fiber Cables Imports

Imports in ECOWAS

In 2022, supplies from abroad of optical fiber cables was finally on the rise to reach X tons after two years of decline. In general, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, optical fiber cables imports soared to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Nigeria represented the largest importer of optical fiber cables in ECOWAS, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. Cote d'Ivoire (X tons) ranks second in terms of the total imports with a X% share, followed by Burkina Faso (X%), Ghana (X%), Niger (X%), Senegal (X%), Togo (X%) and Mali (X%).

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Burkina Faso (X%), Togo (X%), Senegal (X%), Niger (X%), Mali (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Cote d'Ivoire (X%) illustrated a downward trend over the same period. Burkina Faso (X p.p.), Togo (X p.p.), Senegal (X p.p.), Niger (X p.p.) and Nigeria (X p.p.) significantly strengthened its position in terms of the total imports, while Cote d'Ivoire saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported optical fiber cables in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Burkina Faso, with an X% share.

In Nigeria, optical fiber cables 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: Cote d'Ivoire (X% per year) and Burkina Faso (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, approximately reflecting the previous year. In general, the import price recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 Togo ($X per ton), while Ghana ($X per ton) 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 a decline in the import price figures.

Source: IndexBox Platform

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