Western Africa: Microwave Oven Market 2024

Microwave Oven Market Size in Western Africa

The West African microwave oven market was estimated at $X in 2022, rising by X% against 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. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Microwave Oven Production in Western Africa

In value terms, microwave oven production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Microwave Oven Exports

Exports in Western Africa

After three years of growth, overseas shipments of microwave ovens decreased by X% to X units in 2022. In general, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, microwave oven exports fell remarkably to $X in 2022. Over the period under review, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Senegal was the major exporter of microwave ovens in Western Africa, with the volume of exports finishing at X units, which was near X% of total exports in 2022. Nigeria (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Cote d'Ivoire (X%) and Ghana (X%). The following exporters - Guinea (X units), Liberia (X units) and Mali (X units) - together made up X% of total exports.

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

In value terms, Senegal ($X) remains the largest microwave oven supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with an X% share of total exports. It was followed by Ghana, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Senegal amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Ghana (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the export prices reached the maximum at $X per unit in 2021, and then fell rapidly in the following year.

Prices varied noticeably by country of origin: 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 Cote d'Ivoire (X%), while the other leaders experienced a decline in the export price figures.

Microwave Oven Imports

Imports in Western Africa

After four years of growth, supplies from abroad of microwave ovens decreased by X% to X units in 2022. Overall, imports, however, enjoyed a notable increase. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. 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, microwave oven imports fell to $X in 2022. Over the period under review, imports, however, continue to indicate a noticeable increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The level of import peaked at $X in 2021, and then contracted modestly in the following year.

Imports by Country

Ghana was the largest importing country with an import of about X units, which resulted at X% of total imports. It was distantly followed by Nigeria (X units), mixing up a X% share of total imports. Senegal (X units), Guinea (X units), Cote d'Ivoire (X units), Gambia (X units), Mali (X units) and Cabo Verde (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Guinea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

Among the main importing countries, Mali, 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

The import price in Western Africa stood at $X per unit in 2022, standing approx. at the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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