ECOWAS: Market for Electric Burglar Or Fire Alarms And Similar Apparatus 2024

Market Size for Electric Burglar Or Fire Alarms And Similar Apparatus in ECOWAS

In 2022, the ECOWAS market for electric burglar or fire alarms and similar apparatus decreased by X% to $X, falling for the second consecutive year after two years of growth. The total consumption indicated a strong expansion 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, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Electric Burglar Or Fire Alarms And Similar Apparatus in ECOWAS

In value terms, electric burglar or fire alarm production declined 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; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Electric Burglar Or Fire Alarms And Similar Apparatus

Exports in ECOWAS

In 2022, exports of electric burglar or fire alarms and similar apparatus in ECOWAS soared to X units, rising by X% on 2021 figures. In general, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, electric burglar or fire alarm exports soared to $X in 2022. Over the period under review, exports, however, showed a slight downturn. The pace of growth was the most pronounced in 2020 when exports increased by X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire prevails in exports structure, resulting at X units, which was near X% of total exports in 2022. The following exporters - Sierra Leone (X units), Mali (X units) and Senegal (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to electric burglar or fire alarm exports from Cote d'Ivoire stood at X%. At the same time, Sierra Leone (X%), Mali (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. While the share of Cote d'Ivoire (X p.p.), Sierra Leone (X p.p.) and Mali (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest electric burglar or fire alarm supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Mali ($X), with a X% share of total exports. It was followed by Senegal, with an X% share.

In Cote d'Ivoire, electric burglar or fire alarm exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mali (X% per year) and Senegal (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, falling by X% against the previous year. In general, the export price, however, continues to indicate noticeable growth. The most prominent rate of growth was recorded in 2020 an increase of 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 failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Senegal ($X per unit), while Cote d'Ivoire ($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.

Imports of Electric Burglar Or Fire Alarms And Similar Apparatus

Imports in ECOWAS

Electric burglar or fire alarm imports rose modestly to X units in 2022, picking up by X% compared with 2021 figures. Over the period under review, imports posted a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, electric burglar or fire alarm imports declined to $X in 2022. Overall, imports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2016 when imports increased by X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Nigeria represented the main importer of electric burglar or fire alarms and similar apparatus in ECOWAS, with the volume of imports finishing at X units, which was near X% of total imports in 2022. Cote d'Ivoire (X units) took the second position in the ranking, followed by Ghana (X units) and Senegal (X units). All these countries together held near X% share of total imports. Mali (X units), Burkina Faso (X units) and Benin (X units) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Mali (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electric burglar or fire alarm importing markets in ECOWAS were Nigeria ($X), Cote d'Ivoire ($X) and Ghana ($X), with a combined X% share of total imports.

Among the main importing countries, Nigeria, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the import price in ECOWAS amounted to $X per unit, declining by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the import prices failed to regain momentum.

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 Cote d'Ivoire ($X per unit), while Benin ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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