ECOWAS: Ecg Market 2024

Ecg Market Size in ECOWAS

The ECOWAS ECG market reduced slightly to $X in 2022, waning by X% against the previous year. In general, consumption, however, showed a prominent expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Ecg Production in ECOWAS

In value terms, ECG production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Ecg Exports

Exports in ECOWAS

In 2022, the amount of electro-cardiographs exported in ECOWAS surged to X units, growing by X% compared with the year before. In general, exports showed a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, ECG exports skyrocketed to $X in 2022. Over the period under review, exports posted buoyant growth. The pace of growth was the most pronounced in 2016 when exports increased by X%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Nigeria prevails in exports structure, recording X units, which was near X% of total exports in 2022. Cote d'Ivoire (X units) held a little share of total exports.

Nigeria was also the fastest-growing in terms of the electro-cardiographs exports, with a CAGR of X% from 2012 to 2022. Cote d'Ivoire experienced a relatively flat trend pattern. From 2012 to 2022, the share of Nigeria increased by X percentage points.

In value terms, Nigeria ($X) remains the largest ECG supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with less than X% share of total exports.

In Nigeria, ECG exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%).

Ecg Imports

Imports in ECOWAS

In 2022, the amount of electro-cardiographs imported in ECOWAS surged to X units, with an increase of X% on the previous year's figure. In general, imports saw a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, ECG imports skyrocketed to $X in 2022. Over the period under review, imports saw a prominent increase. 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) was the largest importer of electro-cardiographs, mixing up X% of total imports. Ghana (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Senegal (X%) and Cote d'Ivoire (X%). The following importers - Togo (X units), Mali (X units) and Guinea (X units) - each amounted to a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to ECG imports into Nigeria stood at X%. At the same time, Guinea (X%), Cote d'Ivoire (X%) and Mali (X%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. Ghana experienced a relatively flat trend pattern. By contrast, Senegal (X%) and Togo (X%) illustrated a downward trend over the same period. Nigeria (X p.p.), Cote d'Ivoire (X p.p.) and Togo (X p.p.) significantly strengthened its position in terms of the total imports, while Ghana and Senegal saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ECG importing markets in ECOWAS were Ghana ($X), Nigeria ($X) and Cote d'Ivoire ($X), together accounting for X% of total imports. Senegal, Guinea, Mali and Togo lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Guinea, with a CAGR of X%, saw the highest growth rate of 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

The import price in ECOWAS stood at $X per unit in 2022, with a decrease of X% against the previous year. Import price indicated a modest expansion from 2012 to 2022: its price 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. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ghana ($X per unit), while Togo ($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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