ECOWAS: Market for Non-Domestic Percolators and Equipment For Cooking Or Heating Food 2024

Market Size for Non-Domestic Percolators and Equipment For Cooking Or Heating Food in ECOWAS

After two years of growth, the ECOWAS market for non-domestic percolators and equipment for cooking or heating food decreased by X% to $X in 2022. In general, consumption, however, saw a resilient increase. The level of consumption peaked at $X in 2021, and then declined in the following year.

Production of Non-Domestic Percolators and Equipment For Cooking Or Heating Food in ECOWAS

In value terms, production of non-domestic percolators and equipment for cooking or heating food reached $X in 2022 estimated in export price. Overall, production continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production of reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Non-Domestic Percolators and Equipment For Cooking Or Heating Food

Exports in ECOWAS

In 2022, the amount of non-domestic percolators and equipment for cooking or heating food exported in ECOWAS fell remarkably to X units, with a decrease of X% compared with the previous year. In general, exports, however, posted a measured expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of non-domestic percolators and equipment for cooking or heating food reduced to $X in 2022. Over the period under review, exports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

The biggest shipments were from Sierra Leone (X units), Ghana (X units), Togo (X units) and Cote d'Ivoire (X units), together recording X% of total export. It was distantly followed by Senegal (X units), committing 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 Cote d'Ivoire (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest non-domestic percolators and equipment for cooking or heating food supplying countries in ECOWAS were Sierra Leone ($X), Togo ($X) and Cote d'Ivoire ($X), with a combined X% share of total exports.

Among the main exporting countries, Cote d'Ivoire, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the export price in ECOWAS amounted to $X per unit, increasing by X% against the previous year. In general, the export price showed strong growth. The pace of growth was the most pronounced in 2017 when the export price increased by X%. 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 stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Togo ($X per unit), while Ghana ($X per unit) was amongst the lowest.

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

Imports of Non-Domestic Percolators and Equipment For Cooking Or Heating Food

Imports in ECOWAS

In 2022, after two years of growth, there was significant decline in supplies from abroad of non-domestic percolators and equipment for cooking or heating food, when their volume decreased by X% to X units. In general, imports, however, saw a strong increase. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports of hit record highs at X units in 2021, and then shrank markedly in the following year.

In value terms, imports of non-domestic percolators and equipment for cooking or heating food plummeted to $X in 2022. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of import peaked at $X in 2021, and then dropped markedly in the following year.

Imports by Country

Nigeria represented the largest importing country with an import of around X units, which finished at 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 Liberia (X%). Guinea (X units), Cote d'Ivoire (X units), Senegal (X units) and Cabo Verde (X units) followed a long way behind the leaders.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Liberia (X%), Guinea (X%), Senegal (X%), Ghana (X%) and Cabo Verde (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. Cote d'Ivoire experienced a relatively flat trend pattern. While the share of Nigeria (X p.p.), Liberia (X p.p.) and Guinea (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Cabo Verde (X p.p.), Cote d'Ivoire (X p.p.) and Ghana (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported non-domestic percolators and equipment for cooking or heating food in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per unit, with an increase of X% against the previous year. Import price indicated a strong increase 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. Based on 2022 figures, import price for non-domestic percolators and equipment for cooking or heating food decreased by X% against 2020 indices. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

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