ECOWAS: Market for Special-Purpose Electric Lamps and Lighting Fittings 2024

Exports of Special-Purpose Electric Lamps and Lighting Fittings

Exports in ECOWAS

In 2022, the amount of special-purpose electric lamps and lighting fittings exported in ECOWAS soared to X units, jumping by X% compared with the previous year's figure. Overall, exports recorded a buoyant increase. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of special-purpose electric lamps and lighting fittings stood at $X in 2022. Over the period under review, exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

Cote d'Ivoire dominates fittings structure, recording X units, which was approx. X% of total exports in 2022. It was distantly followed by Senegal (X units), mixing up a X% share of total exports. Ghana (X units) followed a long way behind the leaders.

Cote d'Ivoire was also the fastest-growing in terms of the special-purpose electric lamps and lighting fittings exports, with a CAGR of X% from 2012 to 2022. At the same time, Ghana (X%) displayed positive paces of growth. By contrast, Senegal (X%) illustrated a downward trend over the same period. Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total exports, while Senegal 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, Cote d'Ivoire ($X) emerged as the largest special-purpose electric lamp and lighting fitting supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Senegal ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Cote d'Ivoire stood at X%. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Ghana (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, dropping by X% against the previous year. Overall, the export price recorded a abrupt curtailment. The growth pace was the most rapid in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum 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 Senegal ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

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

Imports of Special-Purpose Electric Lamps and Lighting Fittings

Imports in ECOWAS

After two years of growth, supplies from abroad of special-purpose electric lamps and lighting fittings decreased by X% to X units in 2022. Overall, imports, however, recorded a pronounced increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of import peaked at X units in 2021, and then dropped markedly in the following year.

In value terms, imports of special-purpose electric lamps and lighting fittings contracted significantly to $X in 2022. In general, imports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X%. The level of import peaked at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

Ghana represented the main importing country with an import of about X units, which amounted to X% of total imports. Cote d'Ivoire (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Nigeria (X%), Guinea (X%) and Senegal (X%). The following importers - Benin (X units), Liberia (X units), Togo (X units), Gambia (X units), Sierra Leone (X units), Mali (X units) and Burkina Faso (X units) - together made up X% of total imports.

Imports into Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Benin (X%), Liberia (X%), Mali (X%), Guinea (X%), Togo (X%), Cote d'Ivoire (X%), Senegal (X%), Sierra Leone (X%) and Burkina Faso (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. Gambia experienced a relatively flat trend pattern. By contrast, Nigeria (X%) illustrated a downward trend over the same period. Ghana (X p.p.), Cote d'Ivoire (X p.p.), Guinea (X p.p.), Benin (X p.p.), Liberia (X p.p.), Senegal (X p.p.) and Togo (X p.p.) significantly strengthened its position in terms of the total imports, while Nigeria 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, Ghana ($X) constitutes the largest market for imported special-purpose electric lamps and lighting fittings in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Guinea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Ghana amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (X% per year) and Guinea (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per unit, picking up by X% against the previous year. Import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for special-purpose electric lamps and lighting fittings increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

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 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 Ghana (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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