ECOWAS: Tungsten Halogen Lamp Market 2024

Tungsten Halogen Lamp Market Size in ECOWAS

In 2021, the ECOWAS tungsten halogen lamp market increased by 12% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Tungsten Halogen Lamp Production in ECOWAS

In value terms, tungsten halogen lamp production rose significantly to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 20% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Tungsten Halogen Lamp Exports

Exports in ECOWAS

In 2021, overseas shipments of tungsten halogen lamps decreased by -73.6% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 182% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, tungsten halogen lamp exports dropped remarkably to $X in 2021. Overall, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2019 when exports increased by 100%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria represented the largest exporting country with an export of about X units, which accounted for 64% of total exports. It was distantly followed by Mali (X units) and Sierra Leone (X units), together achieving a 27% share of total exports. The following exporters - Liberia (X units) and Senegal (X units) - each reached a 6.4% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to tungsten halogen lamp exports from Nigeria stood at +5.3%. At the same time, Liberia (+31.0%), Senegal (+19.0%) and Mali (+14.2%) displayed positive paces of growth. Moreover, Liberia emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of +31.0% from 2012-2021. By contrast, Sierra Leone (-37.1%) illustrated a downward trend over the same period. While the share of Nigeria (+59 p.p.), Mali (+16 p.p.), Liberia (+3.2 p.p.) and Senegal (+3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Sierra Leone (-82.4 p.p.) displayed negative dynamics.

In value terms, Mali ($X) emerged as the largest tungsten halogen lamp supplier in ECOWAS, comprising 47% of total exports. The second position in the ranking was held by Sierra Leone ($X), with a 21% share of total exports. It was followed by Nigeria, with a 21% share.

In Mali, tungsten halogen lamp exports increased at an average annual rate of +28.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sierra Leone (-23.5% per year) and Nigeria (-4.2% per year).

Export Prices by Country

In 2021, the export price in ECOWAS amounted to $X per unit, increasing by 112% against the previous year. Over the period under review, the export price recorded a resilient increase. The growth pace was the most rapid in 2014 when the export price increased by 121% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Mali ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sierra Leone (+21.6%), while the other leaders experienced more modest paces of growth.

Tungsten Halogen Lamp Imports

Imports in ECOWAS

In 2021, the amount of tungsten halogen lamps imported in ECOWAS surged to X units, increasing by 32% on 2020. Overall, imports, however, recorded a abrupt slump. The growth pace was the most rapid in 2019 when imports increased by 321% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, tungsten halogen lamp imports soared to $X in 2021. Over the period under review, imports, however, showed a perceptible contraction. The growth pace was the most rapid in 2019 when imports increased by 101%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of tungsten halogen lamp imports in 2021 were Ghana (X units), Senegal (X units) and Nigeria (X units), together amounting to 64% of total import. It was distantly followed by Cote d'Ivoire (X units), Burkina Faso (X units), Togo (X units) and Guinea (X units), together making up a 31% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Cote d'Ivoire (with a CAGR of +23.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Senegal ($X) and Cote d'Ivoire ($X) were the countries with the highest levels of imports in 2021, together accounting for 74% of total imports.

Among the main importing countries, Cote d'Ivoire, with a CAGR of +20.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2021, growing by 14% against the previous year. Over the period under review, the import price showed resilient growth. The pace of growth was the most pronounced in 2014 an increase of 504%. Over the period under review, import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Cote d'Ivoire ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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