ECOWAS: Market for Ultraviolet Or Infrared Lamps And Arc Lamps 2024

Market Size for Ultraviolet Or Infrared Lamps And Arc Lamps in ECOWAS

The ECOWAS market for ultraviolet or infrared lamps and arc lamps shrank to $X in 2022, reducing by X% against the previous year. Overall, consumption, however, posted buoyant growth. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Ultraviolet Or Infrared Lamps And Arc Lamps in ECOWAS

In value terms, ultraviolet, infrared, or arc lamp production declined to $X in 2022 estimated in export price. In general, production, however, posted a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Ultraviolet Or Infrared Lamps And Arc Lamps

Exports in ECOWAS

In 2022, overseas shipments of ultraviolet or infrared lamps and arc lamps decreased by X% to X units, falling for the third year in a row after two years of growth. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, ultraviolet, infrared, or arc lamp exports totaled $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value 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, exports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Sierra Leone was the largest exporter of ultraviolet or infrared lamps and arc lamps in ECOWAS, with the volume of exports resulting at X units, which was near X% of total exports in 2022. Niger (X units) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Senegal (X%), Cote d'Ivoire (X%), Nigeria (X%) and Ghana (X%). Togo (X units) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Niger (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sierra Leone ($X) remains the largest ultraviolet, infrared, or arc lamp supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Nigeria ($X), with a X% share of total exports. It was followed by Togo, with a X% share.

In Sierra Leone, ultraviolet, infrared, or arc lamp exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Togo (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the export price continues to indicate prominent growth. The pace of growth appeared the most rapid in 2013 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

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 Sierra Leone ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sierra Leone (X%), while the other leaders experienced more modest paces of growth.

Imports of Ultraviolet Or Infrared Lamps And Arc Lamps

Imports in ECOWAS

After two years of growth, supplies from abroad of ultraviolet or infrared lamps and arc lamps decreased by X% to X units in 2022. Overall, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports attained the maximum at X units in 2021, and then dropped notably in the following year.

In value terms, ultraviolet, infrared, or arc lamp imports reduced rapidly to $X in 2022. In general, imports, however, continue to indicate slight growth. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Nigeria was the largest importing country with an import of around X units, which finished at X% of total imports. It was distantly followed by Senegal (X units), Togo (X units) and Ghana (X units), together comprising a X% share of total imports. The following importers - Cabo Verde (X units), Burkina Faso (X units) and Cote d'Ivoire (X units) - each reached a X% share of total imports.

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

In value terms, Nigeria ($X), Senegal ($X) and Ghana ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Cote d'Ivoire, Togo, Cabo Verde and Burkina Faso lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Togo, with a CAGR of X%, saw the highest growth rate of 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 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a deep slump. The level of import peaked at $X per unit in 2013; however, from 2014 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 Cote d'Ivoire ($X per unit), while Togo ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :