Western Africa: Electric Heating Resistor Market 2024

Electric Heating Resistor Market Size in Western Africa

The West African electric heating resistor market expanded markedly to $X in 2022, rising by X% against the previous year. In general, consumption recorded a noticeable expansion. The level of consumption peaked in 2022 and is likely to continue growth in years to come.

Electric Heating Resistor Production in Western Africa

In value terms, electric heating resistor production soared to $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild descent. The growth pace was the most rapid in 2015 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Electric Heating Resistor Exports

Exports in Western Africa

Electric heating resistor exports reduced rapidly to X units in 2022, with a decrease of X% compared with 2021 figures. Overall, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, electric heating resistor exports contracted remarkably to $X in 2022. Over the period under review, exports, however, saw strong growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then shrank remarkably in the following year.

Exports by Country

In 2022, Senegal (X units) and Ghana (X units) were the major exporters of electric heating resistors in Western Africa, together finishing at near X% of total exports. Cote d'Ivoire (X units) held the next position in the ranking, followed by Sierra Leone (X units). All these countries together held approx. X% 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 Cote d'Ivoire (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Sierra Leone ($X) remains the largest electric heating resistor supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports. It was followed by Senegal, with a X% share.

In Sierra Leone, electric heating resistor exports increased at 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 Senegal (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, waning by X% against the previous year. In general, the export price, however, saw a significant expansion. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per unit in 2021, and then shrank significantly 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 Sierra Leone ($X per unit), while Senegal (less than $X per unit) was amongst the lowest.

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

Electric Heating Resistor Imports

Imports in Western Africa

In 2022, approx. X units of electric heating resistors were imported in Western Africa; with an increase of X% on the previous year's figure. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, electric heating resistor imports stood at $X in 2022. Over the period under review, imports saw a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Nigeria represented the main importer of electric heating resistors in Western Africa, with the volume of imports reaching X units, which was near X% of total imports in 2022. Niger (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (X%) and Senegal (X%). Ghana (X units), Benin (X units) and Togo (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, Benin (X%), Togo (X%), Niger (X%), Cote d'Ivoire (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Niger, Cote d'Ivoire, Senegal, Benin and Togo increased by X, X, X, X and X percentage points, respectively.

In value terms, Nigeria ($X), Ghana ($X) and Cote d'Ivoire ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Senegal, Niger, Togo and Benin lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Togo, with a CAGR of X%, recorded 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, dropping by X% against the previous year. In general, the import price, however, enjoyed strong growth. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 Ghana ($X per unit), while Niger (less than $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 more modest paces of growth.

Source: IndexBox Platform

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