Western Africa: Electrical Circuit Apparatus Market 2024

Electrical Circuit Apparatus Exports

Exports in Western Africa

In 2021, the amount of electrical apparatus for circuit connection, switching and protection exported in Western Africa surged to X units, picking up by X% compared with the previous year's figure. Total exports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in the near future.

In value terms, electrical circuit apparatus exports totaled $X in 2021. Over the period under review, exports, however, recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Nigeria was the main exporting country with an export of around X units, which reached X% of total exports. Ghana (X units) held the second position in the ranking, followed by Togo (X units), Benin (X units), Burkina Faso (X units) and Cote d'Ivoire (X units). All these countries together held approx. X% share of total exports. Sierra Leone (X units) followed a long way behind the leaders.

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

In value terms, the largest electrical circuit apparatus supplying countries in Western Africa were Nigeria ($X), Benin ($X) and Sierra Leone ($X), together accounting for X% of total exports.

Among the main exporting countries, Benin, 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 more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2021, with a decrease of X% against the previous year. In general, the export price recorded a abrupt curtailment. The growth pace was the most rapid in 2019 an increase of X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a 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 Sierra Leone ($X per unit), while Togo ($X per unit) was amongst the lowest.

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

Electrical Circuit Apparatus Imports

Imports in Western Africa

In 2021, imports of electrical apparatus for circuit connection, switching and protection in Western Africa skyrocketed to X units, with an increase of X% compared with the previous year. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by X% against 2018 indices. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, electrical circuit apparatus imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

Nigeria represented the key importing country with an import of about X units, which resulted at X% of total imports. Ghana (X units) took the second position in the ranking, followed by Cote d'Ivoire (X units) and Senegal (X units). All these countries together took approx. X% share of total imports. Guinea (X units), Benin (X units) and Burkina Faso (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to electrical circuit apparatus imports into Nigeria stood at X%. At the same time, Guinea (X%), Cote d'Ivoire (X%), Senegal (X%), Benin (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2021. Burkina Faso experienced a relatively flat trend pattern. Nigeria (X p.p.) and Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total imports, while Ghana saw its share reduced by X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported electrical apparatus for circuit connection, switching and protection in Western Africa, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

In Nigeria, electrical circuit apparatus imports expanded at an average annual rate of X% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2021, shrinking by X% against the previous year. Over the period under review, the import price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Burkina Faso ($X per unit), while Benin ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Burkina Faso (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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