Western Africa: Market for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V 2024

Exports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Exports in Western Africa

In 2022, exports of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v in Western Africa skyrocketed to X units, with an increase of X% compared with the previous year. In general, exports saw a strong increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, electrical board and console exports reached $X in 2022. Overall, exports saw a buoyant expansion. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Senegal (X units) represented the key exporter of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v, creating X% of total exports. Nigeria (X units) ranks second in terms of the total exports with a X% share, followed by Mali (X%), Cote d'Ivoire (X%) and Ghana (X%). Niger (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to electrical board and console exports from Senegal stood at X%. At the same time, Niger (X%), Ghana (X%), Mali (X%), Nigeria (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Senegal, Ghana, Mali, Nigeria and Niger increased by X, X, X, X and X percentage points, respectively.

In value terms, Senegal ($X) emerged as the largest electrical board and console supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports. It was followed by Cote d'Ivoire, with a X% share.

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

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, dropping by X% against the previous year. In general, the export price, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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 ($X per unit), while Niger ($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 mixed trends in the export price figures.

Imports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Imports in Western Africa

In 2022, purchases abroad of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v decreased by X% to X units, falling for the second consecutive year after two years of growth. In general, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, electrical board and console imports dropped to $X in 2022. Overall, imports, however, recorded a temperate expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Nigeria (X units) and Cote d'Ivoire (X units) represented the key importers of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v in 2022, accounting for approx. X% and X% of total imports, respectively. Senegal (X units) ranks next in terms of the total imports with a X% share, followed by Niger (X%), Ghana (X%) and Guinea (X%). Mali (X units) followed a long way behind the leaders.

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

In value terms, the largest electrical board and console importing markets in Western Africa were Nigeria ($X), Cote d'Ivoire ($X) and Ghana ($X), together accounting for X% of total imports. Guinea, Senegal, Niger and Mali lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Niger, with a CAGR of X%, 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

In 2022, the import price in Western Africa amounted to $X per unit, increasing by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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