ECOWAS: Lamp Plastic Parts Market 2024

Lamp Plastic Parts Market Size in ECOWAS

In 2022, the ECOWAS lamp plastic parts market decreased by X% to $X, falling for the second year in a row after three years of growth. In general, consumption saw a pronounced reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Lamp Plastic Parts Production in ECOWAS

In value terms, lamp plastic parts production rose to $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable contraction. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Lamp Plastic Parts Exports

Exports in ECOWAS

Lamp plastic parts exports dropped rapidly to X kg in 2022, waning by X% against 2021. Over the period under review, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2014 with an increase of X%. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, lamp plastic parts exports dropped sharply to $X in 2022. In general, exports, however, continue to indicate a tangible expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then dropped dramatically in the following year.

Exports by Country

Senegal prevails in exports structure, recording X kg, which was approx. X% of total exports in 2022. Sierra Leone (X kg) ranks second in terms of the total exports with a X% share, followed by Cote d'Ivoire (X%).

Exports from Senegal increased at an average annual rate of X% from 2012 to 2022. At the same time, Sierra Leone (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, Cote d'Ivoire (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Senegal, Sierra Leone and Cote d'Ivoire increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sierra Leone ($X) emerged as the largest lamp plastic parts supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Senegal ($X), with a X% share of total exports.

In Sierra Leone, lamp plastic parts exports expanded 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: Senegal (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price faced a abrupt decrease. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 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 Sierra Leone ($X per ton), while Senegal ($X per ton) 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 a decline in the export price figures.

Lamp Plastic Parts Imports

Imports in ECOWAS

After three years of growth, supplies from abroad of plastic parts for lamps and lighting fittings decreased by X% to X tons in 2022. Overall, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, lamp plastic parts imports contracted rapidly to $X in 2022. In general, imports showed a perceptible contraction. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Ghana represented the main importer of plastic parts for lamps and lighting fittings in ECOWAS, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. Togo (X tons) took the second position in the ranking, followed by Cote d'Ivoire (X tons), Nigeria (X tons), Guinea (X tons) and Burkina Faso (X tons). All these countries together held near X% share of total imports. The following importers - Senegal (X tons) and Gambia (X tons) - each amounted to a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to lamp plastic parts imports into Ghana stood at X%. At the same time, Togo (X.7%), Burkina Faso (X%), Senegal (X%) and Gambia (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X.7% from 2012-2022. By contrast, Nigeria (X%), Cote d'Ivoire (X%) and Guinea (X%) illustrated a downward trend over the same period. While the share of Togo (X p.p.), Ghana (X p.p.), Burkina Faso (X p.p.), Senegal (X p.p.) and Gambia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (X p.p.), Cote d'Ivoire (X p.p.) and Guinea (X p.p.) displayed negative dynamics.

In value terms, the largest lamp plastic parts importing markets in ECOWAS were Ghana ($X), Togo ($X) and Cote d'Ivoire ($X), with a combined X% share of total imports.

Togo, with a CAGR of X.0%, saw the highest rates of growth with regard to 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 ton in 2022, rising by X% against the previous year. Import price indicated a notable 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, lamp plastic parts import price increased by X% against 2019 indices. The growth pace was the most rapid in 2015 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Togo ($X per ton), while Nigeria ($X per ton) 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 import price figures.

Source: IndexBox Platform

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