ECOWAS: Network Communications Equipment Market 2024

Network Communications Equipment Market Size in ECOWAS

The ECOWAS network communications equipment market totaled $X in 2022, remaining constant against the previous year. In general, consumption, however, showed a relatively flat trend pattern. 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.

Network Communications Equipment Production in ECOWAS

In value terms, network communications equipment production amounted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Network Communications Equipment Exports

Exports in ECOWAS

In 2022, the amount of network communications equipment exported in ECOWAS plummeted to X units, with a decrease of X% compared with the previous year. Overall, exports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, network communications equipment exports fell sharply to $X in 2022. Over the period under review, exports showed a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Sierra Leone (X units) represented the largest exporter of network communications equipment, mixing up X% of total exports. Mali (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Ghana (X%), Guinea (X%) and Senegal (X%). Cabo Verde (X units) and Gambia (X units) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Gambia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sierra Leone ($X) emerged as the largest network communications equipment supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Mali ($X), with a X% share of total exports. It was followed by Senegal, with a X% share.

In Sierra Leone, network communications equipment exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: 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, waning by X% against the previous year. Overall, the export price saw a noticeable curtailment. The pace of growth appeared the most rapid in 2017 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the export prices failed to regain momentum.

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 Senegal ($X per unit), while Mali ($X per unit) was amongst the lowest.

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

Network Communications Equipment Imports

Imports in ECOWAS

Network communications equipment imports shrank significantly to X units in 2022, with a decrease of X% on 2021 figures. In general, imports saw a deep slump. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, network communications equipment imports declined dramatically to $X in 2022. Overall, imports showed a abrupt contraction. The growth pace was the most rapid in 2020 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Ghana (X units) and Nigeria (X units) represented the major importers of network communications equipment in 2022, resulting at near X% and X% of total imports, respectively. It was distantly followed by Cote d'Ivoire (X units), Burkina Faso (X units) and Liberia (X units), together mixing up a X% share of total imports. Niger (X units), Mali (X units), Guinea (X units), Senegal (X units), Sierra Leone (X units) and Cabo Verde (X units) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Niger (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Nigeria ($X) and Cote d'Ivoire ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Liberia, Guinea, Mali, Niger, Senegal, Sierra Leone, Burkina Faso and Cabo Verde lagged somewhat behind, together comprising a further X%.

Niger, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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, falling by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit, and then declined modestly in the following year.

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 Guinea ($X per unit), while Burkina Faso ($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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