Western Africa: Electric Heating Equipment Market 2024

Electric Heating Equipment Market Size in Western Africa

The West African electric heating equipment market stood at $X in 2022, almost unchanged from the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Electric Heating Equipment Production in Western Africa

In value terms, electric heating equipment production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Electric Heating Equipment Exports

Exports in Western Africa

After two years of growth, shipments abroad of electric space heating apparatus and soil heating apparatus decreased by X% to X units in 2022. Over the period under review, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, electric heating equipment exports dropped remarkably to $X in 2022. Overall, exports recorded a slight reduction. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

Nigeria represented the major exporter of electric space heating apparatus and soil heating apparatus in Western Africa, with the volume of exports resulting at X units, which was approx. X% of total exports in 2022. Senegal (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Cote d'Ivoire (X%) and Sierra Leone (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Nigeria (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest electric heating equipment supplying countries in Western Africa were Cote d'Ivoire ($X), Senegal ($X) and Nigeria ($X), together comprising X% of total exports.

Among the main exporting countries, Senegal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, 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 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced a decline in the export price figures.

Electric Heating Equipment Imports

Imports in Western Africa

In 2022, electric heating equipment imports in Western Africa soared to X units, increasing by X% on 2021. Overall, imports, however, faced a deep slump. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, electric heating equipment imports contracted to $X in 2022. Over the period under review, imports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Cote d'Ivoire (X units) represented the largest importer of electric space heating apparatus and soil heating apparatus, making up X% of total imports. Ghana (X units) took the second position in the ranking, followed by Nigeria (X units). All these countries together held approx. X% share of total imports. The following importers - Senegal (X units), Mauritania (X units) and Gambia (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to electric heating equipment imports into Cote d'Ivoire stood at X%. At the same time, Mauritania (X%), Ghana (X%), Gambia (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Mauritania emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cote d'Ivoire, Ghana, Senegal, Mauritania and Gambia increased by X, X, X, X and X percentage points, respectively.

In value terms, Nigeria ($X), Ghana ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Senegal, Mauritania and Gambia lagged somewhat behind, together accounting for a further X%.

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

In 2022, the import price in Western Africa amounted to $X per unit, dropping by X% against the previous year. Overall, the import price, however, posted strong growth. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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