ECOWAS: Market for Radiators for Central Heating (not Electrically Heated) 2024

Market Size for Radiators for Central Heating (not Electrically Heated) in ECOWAS

The ECOWAS non-electric central heating radiator market declined to $X in 2022, standing approx. at the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Radiators for Central Heating (not Electrically Heated) in ECOWAS

In value terms, non-electric central heating radiator production fell to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Exports of Radiators for Central Heating (not Electrically Heated)

Exports in ECOWAS

In 2022, the amount of radiators for central heating (not electrically heated) exported in ECOWAS shrank to X units, waning by X% on 2021 figures. In general, exports, however, saw a resilient expansion. The pace of growth was the most pronounced 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 somewhat lower figure.

In value terms, non-electric central heating radiator exports dropped to $X in 2022. Overall, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The shipments of the three major exporters of radiators for central heating (not electrically heated), namely Ghana, Togo and Cote d'Ivoire, represented more than two-thirds of total export. It was distantly followed by Benin (X units), comprising a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Ghana ($X) remains the largest non-electric central heating radiator supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Togo, with a X% share.

In Ghana, non-electric central heating radiator 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: Cote d'Ivoire (X% per year) and Togo (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, approximately equating the previous year. In general, the export price, however, showed a abrupt setback. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per unit), while Togo ($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 export price figures.

Imports of Radiators for Central Heating (not Electrically Heated)

Imports in ECOWAS

After two years of decline, overseas purchases of radiators for central heating (not electrically heated) increased by X% to X units in 2022. Over the period under review, imports, however, showed a sharp reduction. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, non-electric central heating radiator imports skyrocketed to $X in 2022. In general, imports, however, recorded a deep slump. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Nigeria represented the main importing country with an import of about X units, which recorded X% of total imports. Cote d'Ivoire (X units) held the second position in the ranking, followed by Ghana (X units), Senegal (X units) and Benin (X units). All these countries together took near X% share of total imports. Mali (X units) and Burkina Faso (X units) followed a long way behind the leaders.

Imports into Nigeria decreased at an average annual rate of X% from 2012 to 2022. At the same time, Benin (X%), Cote d'Ivoire (X%) and Mali (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. Burkina Faso experienced a relatively flat trend pattern. By contrast, Senegal (X%) and Ghana (X%) illustrated a downward trend over the same period. While the share of Cote d'Ivoire (X p.p.), Ghana (X p.p.), Senegal (X p.p.), Benin (X p.p.), Mali (X p.p.) and Burkina Faso (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (X p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported radiators for central heating (not electrically heated) in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Senegal (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, surging by X% against the previous year. Overall, the import price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2018; however, from 2019 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 Burkina Faso ($X per unit), while Cote d'Ivoire ($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 more modest paces of growth.

Source: IndexBox Platform

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