Western Africa: Amplifier Market 2024

Amplifier Market Size in Western Africa

The West African amplifier market rose notably to $X in 2023, increasing by X% against the previous year. In general, consumption posted buoyant growth. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Amplifier Production in Western Africa

In value terms, amplifier production totaled $X in 2023 estimated in export price. Overall, production enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Amplifier Exports

Exports in Western Africa

In 2023, approx. X units of amplifiers were exported in Western Africa; with a decrease of X% compared with the year before. Over the period under review, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, amplifier exports fell significantly to $X in 2023. Overall, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Senegal was the largest exporting country with an export of around X units, which resulted at X% of total exports. Niger (X units) ranks second in terms of the total exports with a X% share, followed by Cote d'Ivoire (X%) and Mauritania (X%). Cabo Verde (X units), Togo (X units), Burkina Faso (X units) and Ghana (X units) followed a long way behind the leaders.

Exports from Senegal decreased at an average annual rate of X% from 2012 to 2023. At the same time, Mauritania (X%), Niger (X%), Togo (X%) and Burkina Faso (X%) displayed positive paces of growth. Moreover, Mauritania emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2023. By contrast, Cote d'Ivoire (X%), Ghana (X%) and Cabo Verde (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Niger, Mauritania, Cote d'Ivoire, Togo, Burkina Faso and Ghana increased by X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest amplifier supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with an X% share of total exports. It was followed by Niger, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Cote d'Ivoire stood at X%. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Niger (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2023, waning by X% against the previous year. Over the period under review, the export price, however, recorded prominent growth. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2023, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while Senegal ($X per unit) was amongst the lowest.

From 2012 to 2023, 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.

Amplifier Imports

Imports in Western Africa

In 2023, after five years of growth, there was significant decline in supplies from abroad of amplifiers, when their volume decreased by X% to X units. In general, imports, however, continue to indicate a tangible increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2022, and then declined in the following year.

In value terms, amplifier imports fell to $X in 2023. Total imports indicated a tangible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2022, and then declined in the following year.

Imports by Country

Ghana dominates imports structure, reaching X units, which was near X% of total imports in 2023. It was distantly followed by Nigeria (X units), committing a X% share of total imports. The following importers - Sierra Leone (X units), Cote d'Ivoire (X units) and Senegal (X units) - together made up X% of total imports.

Imports into Ghana increased at an average annual rate of X% from 2012 to 2023. At the same time, Sierra Leone (X%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. By contrast, Senegal (X%), Nigeria (X%) and Cote d'Ivoire (X%) illustrated a downward trend over the same period. Ghana (X p.p.) and Sierra Leone (X p.p.) significantly strengthened its position in terms of the total imports, while Senegal, Cote d'Ivoire and Nigeria saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Ghana totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2023, the import price in Western Africa amounted to $X per unit, rising by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the import price increased by X%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Nigeria ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2023, 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.

Source: IndexBox Platform