Western Africa: Market for Cabinets And Cases For Transmission And Reception Apparatus 2022

Exports of Cabinets And Cases For Transmission And Reception Apparatus

Exports in Western Africa

In 2021, overseas shipments of cabinets and cases for transmission and reception apparatus increased by 112% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by 149% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, receivers and transmitters case exports surged to $X in 2021. Over the period under review, exports showed a strong expansion. The pace of growth was the most pronounced in 2019 when exports increased by 197% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Nigeria (X units) and Senegal (X units) represented roughly 54% of total exports in 2021. Ghana (X units) held an 8.6% share (based on physical terms) of total exports, which put it in second place, followed by Cote d'Ivoire (7.1%), Nigeria (19%), Benin (4.9%), Senegal (35%), Niger (12%), Sierra Leone (4.7%) and Mauritania (1.7%). Togo (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Benin (with a CAGR of +96.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Benin ($X) emerged as the largest receivers and transmitters case supplier in Western Africa, comprising 52% of total exports. The second position in the ranking was taken by Ghana ($X), with an 11% share of total exports. It was followed by Nigeria, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Benin stood at +111.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (+15.7% per year) and Nigeria (-12.3% per year).

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per unit, with an increase of 3.8% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 300% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Benin ($X per unit), while Mauritania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Benin (+8.1%), while the other leaders experienced more modest paces of growth.

Imports of Cabinets And Cases For Transmission And Reception Apparatus

Imports in Western Africa

Receivers and transmitters case imports fell remarkably to X units in 2021, which is down by -71.7% against the previous year's figure. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 25%. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, receivers and transmitters case imports contracted significantly to $X in 2021. Over the period under review, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 32%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Ghana (X units) and Nigeria (X units) represented roughly 43% of total imports in 2021. Cote d'Ivoire (X units) ranks next in terms of the total imports with a 16% share, followed by Ghana (34%), Guinea (5.2%), Benin (12%), Senegal (6%), Mali (7.2%) and Nigeria (8.5%). Cote d'Ivoire (X units) followed a long way behind the leaders.

From 2012 to 2021, receivers and transmitters case imports into expanded with a Ghana of -5.4%, while Nigeria (-36.9%) experienced a sharp shrinkage unchanged over the same period. At the same time, Benin (+15.5%), Senegal (+4.8%) and Cote d'Ivoire (+3.9%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +15.5% from 2012-2021. Mali experienced a relatively flat trend pattern. By contrast, Guinea (-4.9%), Ghana (-5.4%) and Nigeria (-36.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Ghana, Cote d'Ivoire, Benin, Mali, Senegal and Guinea increased by +26, +14, +11, +6.1, +5.4 and +3.9 percentage points, respectively. Nigeria (-74.9 p.p.) saw their shares reduced.

In value terms, the largest receivers and transmitters case importing markets in Western Africa were Ghana ($X), Nigeria ($X) and Cote d'Ivoire ($X), with a combined 59% share of total imports. These countries were followed by Senegal, Mali, Benin and Guinea, which together accounted for a further 24%.

Senegal, with a CAGR of +17.5%, saw 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

The import price in Western Africa stood at $X per unit in 2021, increasing by 26% against the previous year. Import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Nigeria ($X per unit), while Benin ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+14.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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