ECOWAS: Water Filter Market 2024

Water Filter Market Size in ECOWAS

The ECOWAS water filter market surged to $X in 2022, increasing by X% against the previous year. In general, consumption enjoyed strong growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Water Filter Production in ECOWAS

In value terms, water filter production surged to $X in 2022 estimated in export price. Over the period under review, production saw a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Water Filter Exports

Exports in ECOWAS

Water filter exports skyrocketed to X units in 2022, picking up by X% on the year before. Over the period under review, exports, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, water filter exports soared to $X in 2022. Overall, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Senegal (X units) represented the largest exporter of machinery for filtering or purifying water, constituting X% of total exports. It was distantly followed by Ghana (X units), Mali (X units), Cote d'Ivoire (X units), Liberia (X units) and Sierra Leone (X units), together comprising a X% share of total exports. Nigeria (X units) held a little share of total exports.

Exports from Senegal increased at an average annual rate of X% from 2012 to 2022. At the same time, Sierra Leone (X%), Nigeria (X%) and Mali (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. By contrast, Liberia (X%), Ghana (X%) and Cote d'Ivoire (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Senegal, Mali, Sierra Leone and Nigeria increased by X, X, X and X percentage points, respectively.

In value terms, the largest water filter supplying countries in ECOWAS were Cote d'Ivoire ($X), Senegal ($X) and Ghana ($X), together comprising X% of total exports. Sierra Leone, Mali, Liberia and Nigeria lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Sierra Leone, with a CAGR of X%, saw the highest growth rate of the value of exports, 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, rising by X% against the previous year. In general, the export price, however, saw a abrupt descent. The growth pace was the most rapid in 2017 when the export price increased by X%. 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 Cote d'Ivoire ($X per unit), while Liberia ($X per unit) 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 mixed trends in the export price figures.

Water Filter Imports

Imports in ECOWAS

In 2022, overseas purchases of machinery for filtering or purifying water decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, imports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The volume of import peaked at X units in 2021, and then reduced remarkably in the following year.

In value terms, water filter imports dropped to $X in 2022. In general, imports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Nigeria (X units) represented the major importer of machinery for filtering or purifying water, comprising X% of total imports. Liberia (X units) held the second position in the ranking, followed by Ghana (X units) and Senegal (X units). All these countries together held approx. X% share of total imports. Benin (X units), Cote d'Ivoire (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 water filter imports into Nigeria stood at X%. At the same time, Liberia (X%), Benin (X%), Cote d'Ivoire (X%), Senegal (X%), Burkina Faso (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Liberia emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. While the share of Liberia (X p.p.), Benin (X p.p.) and Nigeria (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ghana (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Liberia ($X), Nigeria ($X) and Ghana ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Liberia, with a CAGR of X%, saw 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

The import price in ECOWAS stood at $X per unit in 2022, surging by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: 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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