Western Africa: Wire And Cable Market 2024

Wire And Cable Market Size in Western Africa

The West African wire and cable market declined to $X in 2022, waning by X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2021, and then contracted in the following year.

Wire And Cable Production in Western Africa

In value terms, wire and cable production reached $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Wire And Cable Exports

Exports in Western Africa

In 2022, shipments abroad of insulated wire and cable increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports showed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, wire and cable exports soared to $X in 2022. In general, exports saw a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Senegal represented the major exporting country with an export of around X tons, which reached X% of total exports. It was distantly followed by Cote d'Ivoire (X tons), committing a X% share of total exports. The following exporters - Niger (X tons), Ghana (X tons) and Mauritania (X tons) - together made up X% of total exports.

Exports from Senegal increased at an average annual rate of X% from 2012 to 2022. At the same time, Niger (X%), Cote d'Ivoire (X%) and Mauritania (X%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. Ghana experienced a relatively flat trend pattern. While the share of Senegal (X p.p.) and Niger (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Mauritania (X p.p.) and Ghana (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) remains the largest wire and cable supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Niger, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Senegal amounted to X%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Niger (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price showed a pronounced shrinkage. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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 Ghana ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

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

Wire And Cable Imports

Imports in Western Africa

In 2022, the amount of insulated wire and cable imported in Western Africa contracted to X tons, declining by X% on 2021 figures. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, wire and cable imports contracted slightly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then fell modestly in the following year.

Imports by Country

In 2022, Nigeria (X tons) and Ghana (X tons) represented the largest importers of insulated wire and cable in Western Africa, together making up X% of total imports. Cote d'Ivoire (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Senegal (X%), Burkina Faso (X%), Guinea (X%), Benin (X%) and Mali (X%). Mauritania (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 ($X), Nigeria ($X) and Cote d'Ivoire ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Mali, Guinea, Senegal, Burkina Faso, Benin and Mauritania lagged somewhat behind, together accounting for a further X%.

Guinea, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries 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 ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

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

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

Source: IndexBox Platform

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