Western Africa: Chandelier Market 2024

Chandelier Market Size in Western Africa

The West African chandelier market contracted to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, enjoyed a buoyant expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Chandelier Production in Western Africa

In value terms, chandelier production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Chandelier Exports

Exports in Western Africa

In 2022, shipments abroad of chandeliers increased by X% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated mild growth from 2012 to 2022: its volume 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 increased by X% against 2020 indices. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, chandelier exports fell rapidly to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X tons) and Togo (X tons) prevails in exports structure, together generating X% of total exports. Sierra Leone (X tons) ranks next in terms of the total exports with a X% share, followed by Ghana (X%). Senegal (X kg) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Senegal (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest chandelier supplying countries in Western Africa were Sierra Leone ($X), Cote d'Ivoire ($X) and Ghana ($X), with a combined X% share of total exports. Senegal and Togo lagged somewhat behind, together comprising a further X%.

Senegal, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, which is down by X% against the previous year. In general, the export price continues to indicate a mild descent. The growth pace was the most rapid in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sierra Leone ($X per ton), while Togo ($X per ton) 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 more modest paces of growth.

Chandelier Imports

Imports in Western Africa

In 2022, purchases abroad of chandeliers decreased by X% to X tons, falling for the second consecutive year after three years of growth. In general, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, chandelier imports shrank to $X in 2022. Total imports indicated a temperate expansion 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, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The level of import peaked at $X in 2021, and then fell in the following year.

Imports by Country

The countries with the highest levels of chandelier imports in 2022 were Cote d'Ivoire (X tons), Ghana (X tons), Nigeria (X tons), Senegal (X tons), Guinea (X tons) and Mali (X tons), together resulting at X% of total import. Benin (X tons) 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 Guinea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X) constitutes the largest market for imported chandeliers in Western Africa, comprising X% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Mali, with an X% share.

In Ghana, chandelier imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Mali (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, increasing by X% against the previous year. In general, the import price enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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 ($X per ton), while Benin ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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