ECOWAS: Radar Apparatus Market 2024

Radar Apparatus Market Size in ECOWAS

The ECOWAS radar apparatus market expanded remarkably to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Radar Apparatus Production in ECOWAS

In value terms, radar apparatus production expanded rapidly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Radar Apparatus Exports

Exports in ECOWAS

In 2022, approx. X units of radar apparatus, radio navigational aid apparatus and radio remote control apparatus were exported in ECOWAS; surging by X% compared with the previous year. Over the period under review, exports posted a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The volume of export peaked at X units in 2020; afterwards, it flattened through to 2022.

In value terms, radar apparatus exports surged to $X in 2022. Overall, exports, however, saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Niger (X units) and Ghana (X units) represented the major exporters of radar apparatus, radio navigational aid apparatus and radio remote control apparatus in ECOWAS, together resulting at near X% of total exports. Burkina Faso (X units) took the next position in the ranking, followed by Cote d'Ivoire (X units), Mali (X units), Senegal (X units) and Togo (X units). All these countries together took near X% share of total exports.

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

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

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire totaled X%. In the other countries, the average annual rates were as follows: Niger (X% per year) and Mali (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a abrupt setback. The level of export peaked at $X per unit in 2012; however, from 2013 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 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 a decline in the export price figures.

Radar Apparatus Imports

Imports in ECOWAS

In 2022, imports of radar apparatus, radio navigational aid apparatus and radio remote control apparatus in ECOWAS shrank to X units, which is down by X% on 2021 figures. Over the period under review, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then contracted in the following year.

In value terms, radar apparatus imports declined notably to $X in 2022. Overall, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Senegal (X units) was the main importer of radar apparatus, radio navigational aid apparatus and radio remote control apparatus, generating X% of total imports. Ghana (X units) took the second position in the ranking, followed by Cote d'Ivoire (X units), Nigeria (X units) and Guinea (X units). All these countries together held approx. X% share of total imports. The following importers - Burkina Faso (X units), Togo (X units) and Benin (X units) - each finished at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to radar apparatus imports into Senegal stood at X%. At the same time, Togo (X%), Cote d'Ivoire (X%), Guinea (X%), Ghana (X%), Burkina Faso (X%), Nigeria (X%) and Benin (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. While the share of Senegal (X p.p.), Cote d'Ivoire (X p.p.) and Togo (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Burkina Faso (X p.p.), Benin (X p.p.), Ghana (X p.p.) and Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X), Ghana ($X) and Nigeria ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Cote d'Ivoire, Guinea, Burkina Faso, Benin and Togo lagged somewhat behind, together comprising a further X%.

Togo, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the import price in ECOWAS amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price faced a deep downturn. The growth pace was the most rapid in 2013 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the 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 Burkina Faso ($X per unit), while Cote d'Ivoire ($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 a decline in the import price figures.

Source: IndexBox Platform

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