ECOWAS: Diode Market 2024

Diode Market Size in ECOWAS

The ECOWAS diode market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption posted a strong expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Diode Production in ECOWAS

In value terms, diode production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, recorded notable growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Diode Exports

Exports in ECOWAS

In 2022, approx. X units of diodes, other than photosensitive or light emitting diodes were exported in ECOWAS; reducing by X% on the year before. Overall, exports, however, saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, diode exports declined notably to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Mali represented the largest exporter of diodes, other than photosensitive or light emitting diodes in ECOWAS, with the volume of exports finishing at X units, which was near X% of total exports in 2022. Ghana (X units) took the second position in the ranking, followed by Sierra Leone (X units) and Gambia (X units). All these countries together took near X% share of total exports. Guinea (X units) took a relatively small share of total exports.

Exports from Mali increased at an average annual rate of X% from 2012 to 2022. At the same time, Ghana (X%), Gambia (X%), Guinea (X%) and Sierra Leone (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. Ghana (X p.p.), Gambia (X p.p.) and Guinea (X p.p.) significantly strengthened its position in terms of the total exports, while Mali 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, Sierra Leone ($X), Mali ($X) and Guinea ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Guinea, with a CAGR of X%, saw 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 ECOWAS stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the export price faced a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 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 Guinea ($X per unit), while Ghana (less than $X per unit) was amongst the lowest.

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

Diode Imports

Imports in ECOWAS

Diode imports skyrocketed to X units in 2022, rising by X% against the year before. Overall, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, diode imports soared to $X in 2022. Over the period under review, imports posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Nigeria (X units) represented the largest importer of diodes, other than photosensitive or light emitting diodes in ECOWAS, committing X% of total import.

Nigeria was also the fastest-growing in terms of the diodes, other than photosensitive or light emitting diodes imports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Nigeria increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported diodes, other than photosensitive or light emitting diodes in ECOWAS.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria totaled X%.

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per unit, which is down by X% against the previous year. Overall, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Nigeria.

From 2012 to 2022, the rate of growth in terms of prices for Nigeria amounted to X% per year.

Source: IndexBox Platform

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