ECOWAS: Resistor Market 2024

Resistor Market Size in ECOWAS

The ECOWAS resistor market reached $X in 2022, growing by X% against the previous year. Overall, consumption recorded a buoyant expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Resistor Production in ECOWAS

In value terms, resistor production rose sharply to $X in 2022 estimated in export price. In general, production saw a prominent increase. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Resistor Exports

Exports in ECOWAS

Resistor exports shrank notably to X units in 2022, reducing by X% compared with the year before. In general, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, resistor exports fell to $X in 2022. Overall, exports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Senegal (X units) represented the largest exporter of electrical resistors (except heating resistors), achieving X% of total exports. It was distantly followed by Gambia (X units), Niger (X units), Guinea (X units) and Cabo Verde (X units), together making up a X% share of total exports. The following exporters - Mali (X units) and Sierra Leone (X units) - each resulted at a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Guinea (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual growth rate of value in Sierra Leone was relatively modest. In the other countries, the average annual rates were as follows: Niger (X% per year) and Senegal (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per thousand units, rising by X% against the previous year. Over the period under review, the export price continues to indicate a remarkable increase. The level of export peaked at $X per thousand units in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sierra Leone ($X per thousand units), while Gambia ($X per thousand units) was amongst the lowest.

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

Resistor Imports

Imports in ECOWAS

In 2022, overseas purchases of electrical resistors (except heating resistors) decreased by X% to X units, falling for the second consecutive year after four years of growth. Overall, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, resistor imports stood at $X in 2022. Over the period under review, imports continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Nigeria was the key importing country with an import of around X units, which amounted to X% of total imports. Cote d'Ivoire (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Senegal (X%), Ghana (X%) and Guinea (X%). Burkina Faso (X units), Sierra Leone (X units) and Benin (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to resistor imports into Nigeria stood at X%. At the same time, Cote d'Ivoire (X%), Senegal (X%), Benin (X%), Guinea (X%), Burkina Faso (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Sierra Leone (X%) illustrated a downward trend over the same period. While the share of Cote d'Ivoire (X p.p.), Senegal (X p.p.), Ghana (X p.p.), Guinea (X p.p.), Burkina Faso (X p.p.), Sierra Leone (X p.p.) and Benin (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (X p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported electrical resistors (except heating resistors) in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Senegal ($X), with a X% share of total imports. It was followed by Guinea, with a X% share.

In Nigeria, resistor imports shrank by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Guinea (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per thousand units in 2022, surging by X% against the previous year. In general, the import price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices attained the maximum in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Guinea ($X per thousand units), while Nigeria ($X per thousand units) was amongst the lowest.

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

Source: IndexBox Platform