Western Africa: Domestic Toaster Market 2024

Domestic Toaster Market Size in Western Africa

The West African domestic toaster market amounted to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption recorded a strong increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Domestic Toaster Production in Western Africa

In value terms, domestic toaster production reached $X in 2022 estimated in export price. In general, production showed a prominent expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Domestic Toaster Exports

Exports in Western Africa

In 2022, domestic toaster exports in Western Africa skyrocketed to X units, surging by X% compared with the previous year's figure. Overall, exports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, domestic toaster exports contracted significantly to $X in 2022. In general, exports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2014 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Liberia represented the main exporter of domestic electric toasters in Western Africa, with the volume of exports reaching X units, which was approx. X% of total exports in 2022. Ghana (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Sierra Leone (X%), Mali (X%) and Senegal (X%). Nigeria (X units) and Cote d'Ivoire (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to domestic toaster exports from Liberia stood at X%. At the same time, Mali (X%), Sierra Leone (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Senegal (X%), Ghana (X%) and Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Liberia, Sierra Leone and Mali increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest domestic toaster supplying countries in Western Africa were Ghana ($X), Liberia ($X) and Sierra Leone ($X), together accounting for X% of total exports. Senegal, Mali, Nigeria and Cote d'Ivoire lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Mali, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, reducing by X% against the previous year. In general, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 Nigeria ($X per unit), while Liberia ($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 more modest paces of growth.

Domestic Toaster Imports

Imports in Western Africa

Domestic toaster imports rose slightly to X units in 2022, surging by X% compared with 2021 figures. Over the period under review, imports enjoyed strong growth. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, domestic toaster imports expanded rapidly to $X in 2022. Overall, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Ghana was the major importer of domestic electric toasters in Western Africa, with the volume of imports resulting at X units, which was near X% of total imports in 2022. Nigeria (X units) ranks second in terms of the total imports with a X% share, followed by Cote d'Ivoire (X%). Senegal (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to domestic toaster imports into Ghana stood at X%. At the same time, Senegal (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ghana and Senegal increased by X and X percentage points, respectively.

In value terms, the largest domestic toaster importing markets in Western Africa were Ghana ($X), Nigeria ($X) and Cote d'Ivoire ($X), together comprising X% of total imports. Senegal lagged somewhat behind, accounting for a further X%.

In terms of the main importing countries, Senegal, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 Western Africa amounted to $X per unit, increasing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 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 Senegal ($X per unit), while Ghana ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :