ECOWAS: Wheelchair Market 2024

Wheelchair Market Size in ECOWAS

The ECOWAS wheelchair market expanded notably to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, continues to indicate a pronounced setback. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Wheelchair Production in ECOWAS

In value terms, wheelchair production reduced modestly to $X in 2022 estimated in export price. The total output 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. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Wheelchair Exports

Exports in ECOWAS

For the fourth consecutive year, ECOWAS recorded growth in overseas shipments of wheelchairs, which increased by X% to X units in 2022. Overall, exports saw resilient growth. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, wheelchair exports contracted dramatically to $X in 2022. In general, exports showed strong growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Senegal (X units), Nigeria (X units) and Togo (X units) represented the key exporter of wheelchairs in ECOWAS, constituting X% of total export. It was distantly followed by Niger (X units), mixing up a X% share of total exports. Benin (X units), Ghana (X units) and Cote d'Ivoire (X units) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Senegal (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest wheelchair supplying countries in ECOWAS were Togo ($X), Nigeria ($X) and Niger ($X), together comprising X% of total exports. Benin, Senegal, Cote d'Ivoire and Ghana lagged somewhat behind, together accounting for a further X%.

Cote d'Ivoire, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries 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, shrinking by X% against the previous year. Over the period under review, the export price, however, showed moderate growth. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of export peaked at $X per unit in 2021, and then declined dramatically in the following year.

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 Niger ($X per unit), while Ghana ($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 more modest paces of growth.

Wheelchair Imports

Imports in ECOWAS

In 2022, imports of wheelchairs in ECOWAS soared to X units, rising by X% compared with the previous year. Over the period under review, imports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, wheelchair imports surged to $X in 2022. In general, imports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2019 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Nigeria was the main importing country with an import of about X units, which finished at X% of total imports. It was distantly followed by Cote d'Ivoire (X units) and Ghana (X units), together comprising a X% share of total imports. Niger (X units), Senegal (X units) and Liberia (X units) followed a long way behind the leaders.

Imports into Nigeria decreased at an average annual rate of X% from 2012 to 2022. At the same time, Liberia (X%), Cote d'Ivoire (X%), Niger (X%), Senegal (X%) and Ghana (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. While the share of Cote d'Ivoire (X p.p.), Ghana (X p.p.), Niger (X p.p.), Senegal (X p.p.) and Liberia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (X p.p.) displayed negative dynamics.

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

In Nigeria, wheelchair imports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: 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, rising by X% against the previous year. Import price indicated a prominent expansion 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, wheelchair import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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