ECOWAS: Market for Optical Fibers, Bundles and Cables 2024

Market Size for Optical Fibers, Bundles and Cables in ECOWAS

In 2022, the ECOWAS market for optical fibers, bundles and cables increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, showed a deep setback. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Production of Optical Fibers, Bundles and Cables in ECOWAS

In value terms, optical fiber, bundle and cable production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Optical Fibers, Bundles and Cables

Exports in ECOWAS

In 2022, approx. X tons of optical fibers, bundles and cables were exported in ECOWAS; jumping by X% against the previous year. Overall, exports, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, optical fiber, bundle and cable exports expanded notably to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire represented the key exporting country with an export of about X tons, which recorded X% of total exports. Togo (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Ghana (X%) and Senegal (X%). The following exporters - Guinea (X kg) and Liberia (X kg) - each reached a X% share of total exports.

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

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

In Cote d'Ivoire, optical fiber, bundle and cable 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: Guinea (X% per year) and Togo (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price, however, saw a temperate increase. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 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 Guinea ($X per ton), while Togo ($X per ton) was amongst the lowest.

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

Imports of Optical Fibers, Bundles and Cables

Imports in ECOWAS

Optical fiber, bundle and cable imports soared to X tons in 2022, increasing by X% compared with the previous year. In general, imports saw buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, optical fiber, bundle and cable imports skyrocketed to $X in 2022. Overall, imports recorded a slight increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria was the main importing country with an import of about X tons, which amounted to X% of total imports. 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%) and Togo (X%).

From 2012 to 2022, average annual rates of growth with regard to optical fiber, bundle and cable imports into Nigeria stood at X%. At the same time, Burkina Faso (X%), Togo (X%), Senegal (X%), Niger (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. While the share of Burkina Faso (X p.p.), Nigeria (X p.p.), Togo (X p.p.), Senegal (X p.p.) and Niger (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Cote d'Ivoire (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Nigeria, optical fiber, bundle and cable 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, remaining constant against the previous year. Overall, the import price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Togo ($X per ton) and Senegal ($X per ton), while Ghana ($X per ton) and Nigeria ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :