Western Africa: Cash Register Market 2024

Cash Register Market Size in Western Africa

The West African cash register market contracted to $X in 2022, shrinking by X% against the previous year. Overall, consumption, however, enjoyed a temperate increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Cash Register Production in Western Africa

In value terms, cash register production declined to $X in 2022 estimated in export price. Over the period under review, production, however, showed a strong increase. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

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Cash Register Exports

Exports in Western Africa

In 2022, cash register exports in Western Africa contracted markedly to X units, reducing by X% against the previous year's figure. Over the period under review, exports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, cash register exports fell rapidly to $X in 2022. In general, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Ghana prevails in exports structure, reaching X units, which was approx. X% of total exports in 2022. It was distantly followed by Mali (X units), committing a X% share of total exports. Cote d'Ivoire (X units) and Burkina Faso (X units) held a relatively small share of total exports.

Ghana was also the fastest-growing in terms of the cash registers exports, with a CAGR of X% from 2012 to 2022. At the same time, Burkina Faso (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. By contrast, Mali (X%) illustrated a downward trend over the same period. Ghana (X p.p.) and Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total exports, while Mali saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Ghana, cash register exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mali (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, which is down by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the export prices remained at a lower figure.

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 ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

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

Cash Register Imports

Imports in Western Africa

Cash register imports contracted rapidly to X units in 2022, waning by X% against the previous year. In general, imports, however, saw a perceptible increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports hit record highs at X units in 2021, and then fell notably in the following year.

In value terms, cash register imports declined to $X in 2022. Over the period under review, imports, however, recorded slight growth. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

In 2022, Nigeria (X units) represented the largest importer of cash registers, mixing up X% of total imports. Ghana (X units) took the second position in the ranking, distantly followed by Togo (X units), Guinea (X units) and Niger (X units). All these countries together held near X% share of total imports. Benin (X units), Cabo Verde (X units) and Mali (X units) followed a long way behind the leaders.

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

In value terms, Nigeria ($X) constitutes the largest market for imported cash registers in Western Africa, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with an X% share of total imports. It was followed by Togo, with an X% share.

In Nigeria, cash register imports declined 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 Togo (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, increasing by X% against the previous year. In general, the import price, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Niger ($X per unit), while Guinea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Niger (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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