Western Africa: Market for Domestic Electro-Thermic Appliances other than Heaters, Dryers, Irons, Ovens, Toasters and Coffee Machines 2024

Exports of Domestic Electro-Thermic Appliances other than Heaters, Dryers, Irons, Ovens, Toasters and Coffee Machines

Exports in Western Africa

Exports of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines dropped sharply to X units in 2022, waning by X% compared with 2021. Over the period under review, exports, however, posted tangible growth. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines shrank significantly to $X in 2022. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports of reached the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Nigeria (X units) and Liberia (X units) represented the main exporters of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines in Western Africa, together creating X% of total exports. Cote d'Ivoire (X units) took the next position in the ranking, followed by Burkina Faso (X units), Senegal (X units) and Ghana (X units). All these countries together held near X% share of total exports. Sierra Leone (X units) took a little share of total exports.

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

In value terms, Liberia ($X), Cote d'Ivoire ($X) and Nigeria ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Among the main exporting countries, Cote d'Ivoire, 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

In 2022, the export price in Western Africa amounted to $X per unit, which is down by X% against the previous year. In general, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Senegal ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

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

Imports of Domestic Electro-Thermic Appliances other than Heaters, Dryers, Irons, Ovens, Toasters and Coffee Machines

Imports in Western Africa

In 2022, the amount of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines imported in Western Africa rose significantly to X units, with an increase of X% against 2021 figures. In general, imports saw a resilient increase. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports of hit record highs at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines skyrocketed to $X in 2022. Overall, imports posted modest growth. The pace of growth was the most pronounced 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 of remained at a lower figure.

Imports by Country

Ghana was the major importer of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines in Western Africa, with the volume of imports finishing at X units, which was approx. X% of total imports in 2022. Nigeria (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Guinea (X%). Liberia (X units), Cote d'Ivoire (X units), Senegal (X units) and Sierra Leone (X units) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines imports into Ghana stood at X%. At the same time, Guinea (X%), Liberia (X%), Sierra Leone (X%), Senegal (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%) illustrated a downward trend over the same period. Ghana (X p.p.), Guinea (X p.p.), Liberia (X p.p.) and Sierra Leone (X p.p.) significantly strengthened its position in terms of the total imports, while Nigeria saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines importing markets in Western Africa were Nigeria ($X), Ghana ($X) and Cote d'Ivoire ($X), with a combined X% share of total imports. Senegal, Guinea, Liberia and Sierra Leone lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Guinea, 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, picking up by X% against the previous year. In general, the import price, however, showed a deep slump. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, 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 Senegal ($X per unit), while Ghana ($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 more modest paces of growth.

Source: IndexBox Platform

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