ECOWAS: Electrical Signalling Apparatus Market 2024

Electrical Signalling Apparatus Market Size in ECOWAS

The ECOWAS electrical signalling apparatus market was estimated at $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Electrical Signalling Apparatus Production in ECOWAS

In value terms, electrical signalling apparatus production rose slightly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

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Electrical Signalling Apparatus Exports

Exports in ECOWAS

In 2022, approx. X units of electrical apparatus for sound or visual signalling were exported in ECOWAS; with an increase of X% compared with the year before. Overall, exports, however, recorded a abrupt contraction. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, electrical signalling apparatus exports totaled $X in 2022. In general, exports, however, faced a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire prevails in exports structure, finishing at X units, which was near X% of total exports in 2022. It was distantly followed by Senegal (X units), committing a X% share of total exports. Guinea (X units) took a minor share of total exports.

Cote d'Ivoire was also the fastest-growing in terms of the electrical apparatus for sound or visual signalling exports, with a CAGR of X% from 2012 to 2022. Guinea (X%) and Senegal (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cote d'Ivoire increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X), Guinea ($X) and Senegal ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Cote d'Ivoire, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, which is down by X% against the previous year. In general, the export price continues to indicate a deep contraction. The growth pace was the most rapid in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2015; however, from 2016 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 Guinea ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

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

Electrical Signalling Apparatus Imports

Imports in ECOWAS

In 2022, supplies from abroad of electrical apparatus for sound or visual signalling was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, electrical signalling apparatus imports declined to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Ghana (X units) represented the largest importer of electrical apparatus for sound or visual signalling, making up X% of total imports. Senegal (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (X%), Mali (X%) and Nigeria (X%). Togo (X units) and Burkina Faso (X units) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to electrical signalling apparatus imports into Ghana stood at X%. At the same time, Togo (X%), Mali (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. Nigeria experienced a relatively flat trend pattern. By contrast, Burkina Faso (X%) and Senegal (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ghana, Cote d'Ivoire, Mali and Togo increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X), Ghana ($X) and Cote d'Ivoire ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Senegal, Mali, Togo and Burkina Faso lagged somewhat behind, together accounting for a further X%.

Togo, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries 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, dropping by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the import price increased by X%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, 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 Nigeria ($X per unit), while Ghana ($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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