ECOWAS: Helicopter Market 2024

Helicopter Market Size in ECOWAS

In 2022, the ECOWAS helicopter market decreased by X% to $X, falling for the second year in a row after three years of growth. Overall, consumption saw a strong increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Helicopter Production in ECOWAS

In value terms, helicopter production totaled $X in 2022 estimated in export price. In general, production posted prominent growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Helicopter Exports

Exports in ECOWAS

In 2022, shipments abroad of civil helicopters decreased by X% to X units, falling for the second year in a row after three years of growth. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, helicopter exports shrank markedly to $X in 2022. Over the period under review, exports continue to indicate a deep slump. The growth pace was the most rapid in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria represented the major exporter of civil helicopters in ECOWAS, with the volume of exports resulting at X units, which was near X% of total exports in 2022. Cote d'Ivoire (X units) ranks second in terms of the total exports with an X% share, followed by Guinea (X%), Ghana (X%), Liberia (X%) and Senegal (X%).

Nigeria was also the fastest-growing in terms of the civil helicopters exports, with a CAGR of X% from 2012 to 2022. At the same time, Senegal (X%) and Guinea (X%) displayed positive paces of growth. Liberia experienced a relatively flat trend pattern. By contrast, Ghana (X%) and Cote d'Ivoire (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria, Guinea and Senegal increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) remains the largest helicopter supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with a X% share of total exports. It was followed by Guinea, with a X% share.

In Nigeria, helicopter exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (X% per year) and Guinea (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X,429 per unit, waning by X% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The level of export peaked at $X,887 per unit in 2015; however, from 2016 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 Senegal ($X,568 per unit), while Cote d'Ivoire ($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 mixed trends in the export price figures.

Helicopter Imports

Imports in ECOWAS

In 2022, approx. X units of civil helicopters were imported in ECOWAS; picking up by X% against the previous year's figure. Overall, imports continue to indicate a resilient increase. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, helicopter imports soared to $X in 2022. Over the period under review, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Niger (X units), Nigeria (X units) and Ghana (X units) represented roughly X% of total imports in 2022. It was distantly followed by Cote d'Ivoire (X units), Togo (X units), Mali (X units) and Senegal (X units), together achieving a X% share of total imports. Cabo Verde (X units) followed a long way behind the leaders.

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

In value terms, the largest helicopter importing markets in ECOWAS were Niger ($X), Ghana ($X) and Nigeria ($X), with a combined X% share of total imports.

Niger, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in ECOWAS stood at $X,159 per unit in 2022, reducing by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. The level of import peaked at $X,287 per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ghana ($X,333 per unit), while Cabo Verde ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Niger (X.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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