ECOWAS: Radar Apparatus Market 2024

Radar Apparatus Market Size in ECOWAS

In 2022, the ECOWAS radar apparatus market decreased by X% to $X, falling for the second year in a row after two years of growth. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Radar Apparatus Production in ECOWAS

In value terms, radar apparatus production expanded remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Radar Apparatus Exports

Exports in ECOWAS

In 2022, after two years of growth, there was significant decline in overseas shipments of radar apparatus, when their volume decreased by X% to X units. Over the period under review, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, radar apparatus exports surged to $X in 2022. Overall, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Mali (X units) and Cote d'Ivoire (X units) were the major exporters of radar apparatus in 2022, reaching approx. X% and X% of total exports, respectively. Ghana (X units) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Senegal (X%).

From 2012 to 2022, the biggest increases were recorded for Mali (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Cote d'Ivoire ($X) emerged as the largest radar apparatus supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Mali ($X), with a X% share of total exports. It was followed by Ghana, with a X% share.

In Cote d'Ivoire, radar apparatus exports decreased by 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 Ghana (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, jumping by X% against the previous year. Overall, the export price enjoyed strong growth. The pace of growth appeared the most rapid in 2014 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the near future.

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

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

Radar Apparatus Imports

Imports in ECOWAS

In 2022, purchases abroad of radar apparatus decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, saw a noticeable expansion. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2021, and then shrank notably in the following year.

In value terms, radar apparatus imports fell sharply to $X in 2022. Over the period under review, imports, however, continue to indicate pronounced growth. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2021, and then declined notably in the following year.

Imports by Country

In 2022, Ghana (X units) represented the key importer of radar apparatus, making up X% of total imports. Nigeria (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (X%), Burkina Faso (X%), Senegal (X%), Togo (X%) and Niger (X%).

Imports into Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Togo (X%), Niger (X%), Burkina Faso (X%), Cote d'Ivoire (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ghana, Cote d'Ivoire, Burkina Faso, Togo and Niger increased by X, X, X, X and X percentage points, respectively.

In value terms, Ghana ($X) constitutes the largest market for imported radar apparatus in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Niger, with a X% share.

In Ghana, radar apparatus imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (X% per year) and Niger (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, waning by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, import prices attained the peak figure at $X per unit in 2019; however, from 2020 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 Niger ($X per unit), while Togo ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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