Western Africa: Market for Electric Generating Sets And Rotary Converters 2024

Market Size for Electric Generating Sets And Rotary Converters in Western Africa

The West African market for electric generating sets and rotary converters was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption posted a resilient increase. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Production of Electric Generating Sets And Rotary Converters in Western Africa

In value terms, production of electric generating sets and rotary converters dropped rapidly to $X in 2021 estimated in export price. In general, production saw a pronounced downturn. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Electric Generating Sets And Rotary Converters

Exports in Western Africa

Exports of electric generating sets and rotary converters surged to X units in 2021, rising by X% compared with the previous year's figure. Overall, exports enjoyed a prominent increase. The volume of export peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, exports of electric generating sets and rotary converters surged to $X in 2021. Over the period under review, exports recorded a perceptible expansion. Over the period under review, the exports of attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Togo represented the largest exporter of electric generating sets and rotary converters in Western Africa, with the volume of exports accounting for X units, which was near X% of total exports in 2021. Benin (X units) held the second position in the ranking, followed by Cote d'Ivoire (X units) and Senegal (X units). All these countries together took near X% share of total exports. The following exporters - Ghana (X units), Nigeria (X units) and Guinea (X units) - each accounted for a X% share of total exports.

Exports from Togo increased at an average annual rate of X% from 2012 to 2021. At the same time, Guinea (X%), Benin (X%), Nigeria (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2021. By contrast, Senegal (X%) and Ghana (X%) illustrated a downward trend over the same period. Togo (X p.p.), Benin (X p.p.), Cote d'Ivoire (X p.p.), Guinea (X p.p.) and Nigeria (X p.p.) significantly strengthened its position in terms of the total exports, while Senegal and Ghana saw its share reduced by X% and X% from 2012 to 2021, respectively.

In value terms, Togo ($X) emerged as the largest electric generating set and rotary converter supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Benin ($X), with a X% share of total exports. It was followed by Senegal, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Togo amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Benin (X% per year) and Senegal (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2021, shrinking by X% against the previous year. Over the period under review, the export price showed a noticeable curtailment. The pace of growth appeared the most rapid in 2017 an increase of X%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat 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 Senegal ($X per unit), while Guinea ($X per unit) was amongst the lowest.

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

Imports of Electric Generating Sets And Rotary Converters

Imports in Western Africa

In 2021, supplies from abroad of electric generating sets and rotary converters was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports recorded strong growth. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. The volume of import peaked at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, imports of electric generating sets and rotary converters shrank remarkably to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

Nigeria prevails in converters structure, resulting at X units, which was near X% of total imports in 2021. Burkina Faso (X units), Liberia (X units), Senegal (X units), Ghana (X units) and Togo (X units) held a little share of total imports.

Nigeria was also the fastest-growing in terms of the electric generating sets and rotary converters imports, with a CAGR of X% from 2012 to 2021. At the same time, Burkina Faso (X%), Senegal (X%) and Togo (X%) displayed positive paces of growth. By contrast, Ghana (X%) and Liberia (X%) illustrated a downward trend over the same period. Nigeria (X p.p.) significantly strengthened its position in terms of the total imports, while Ghana and Liberia saw its share reduced by X% and X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported electric generating sets and rotary converters in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

From 2012 to 2021, the average annual growth rate of value in Nigeria amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Senegal (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2021, declining by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2017 when the import price increased by X%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ghana ($X per unit), while Liberia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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