Africa: Market for Instruments for Measuring Electrical Quantities 2024

Market Size for Instruments for Measuring Electrical Quantities in Africa

The African market for instruments for measuring electrical quantities declined modestly to $X in 2022, approximately equating 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 throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then declined modestly in the following year.

Production of Instruments for Measuring Electrical Quantities in Africa

In value terms, instruments for measuring electrical quantities production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Instruments for Measuring Electrical Quantities

Exports in Africa

In 2022, approx. X units of instruments for measuring electrical quantities were exported in Africa; falling by X% against 2021. In general, exports recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, instruments for measuring electrical quantities exports plummeted to $X in 2022. Overall, exports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Tunisia represented the major exporting country with an export of around X units, which finished at X% of total exports. South Africa (X units) held the second position in the ranking, followed by Benin (X units). All these countries together took approx. X% share of total exports. The following exporters - Togo (X units), Nigeria (X units), Angola (X units), Morocco (X units) and Algeria (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to instruments for measuring electrical quantities exports from Tunisia stood at X%. At the same time, Togo (X%), Morocco (X%), Benin (X%), Algeria (X%), Nigeria (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Angola (X%) illustrated a downward trend over the same period. South Africa (X p.p.), Benin (X p.p.), Togo (X p.p.), Angola (X p.p.), Morocco (X p.p.), Nigeria (X p.p.) and Algeria (X p.p.) significantly strengthened its position in terms of the total exports, while Tunisia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest instruments for measuring electrical quantities supplying countries in Africa were South Africa ($X), Tunisia ($X) and Benin ($X), with a combined X% share of total exports. Morocco, Algeria, Nigeria, Angola and Togo lagged somewhat behind, together accounting for a further X%.

Togo, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 Africa stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price continues to indicate a moderate expansion. The most prominent rate of growth was recorded in 2020 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 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Togo ($X per unit) was amongst the lowest.

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

Imports of Instruments for Measuring Electrical Quantities

Imports in Africa

In 2022, approx. X units of instruments for measuring electrical quantities were imported in Africa; with an increase of X% against 2021. In general, imports recorded strong growth. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, instruments for measuring electrical quantities imports contracted to $X in 2022. Total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

Algeria (X units) and Angola (X units) represented roughly X% of total imports in 2022. It was followed by Tanzania (X units), Nigeria (X units), South Africa (X units), Cote d'Ivoire (X units), Cameroon (X units) and Tunisia (X units), together constituting a X% share of total imports. Morocco (X units), Democratic Republic of the Congo (X units), Ghana (X units), Egypt (X units) and Zimbabwe (X units) followed a long way behind the leaders.

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

In value terms, Nigeria ($X), South Africa ($X) and Algeria ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Egypt, Tunisia, Morocco, Angola, Democratic Republic of the Congo, Ghana, Cameroon, Cote d'Ivoire, Tanzania and Zimbabwe lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Democratic Republic of the Congo, 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 Africa stood at $X per unit in 2022, declining by X% against the previous year. Overall, the import price showed a pronounced downturn. The pace of growth was the most pronounced in 2020 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 Egypt ($X per unit), while Tanzania ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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