Western Africa: Market for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters 2024

Market Size for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in Western Africa

The West African electric oven and cooker market dropped to $X in 2022, which is down by X% against the previous year. The total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in Western Africa

In value terms, electric oven and cooker production reduced to $X in 2022 estimated in export price. The total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Exports in Western Africa

In 2022, exports of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters in Western Africa declined modestly to X units, reducing by X% compared with 2021 figures. Total exports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, electric oven and cooker exports shrank dramatically to $X in 2022. Total exports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

Senegal (X units), Ghana (X units) and Cote d'Ivoire (X units) represented roughly X% of total exports in 2022. Guinea (X units) ranks next in terms of the total exports with a X% share, followed by Burkina Faso (X%) and Sierra Leone (X%). Saint Helena, Ascension and Tristan da Cunha (X units) and Nigeria (X units) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Saint Helena, Ascension and Tristan da Cunha (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest electric oven and cooker supplying countries in Western Africa were Senegal ($X), Cote d'Ivoire ($X) and Ghana ($X), with a combined X% share of total exports. Guinea, Sierra Leone, Burkina Faso, Nigeria and Saint Helena, Ascension and Tristan da Cunha lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Saint Helena, Ascension and Tristan da Cunha, with a CAGR of X.5%, 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

In 2022, the export price in Western Africa amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price showed a slight setback. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2021, and then contracted dramatically in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saint Helena, Ascension and Tristan da Cunha (X%), while the other leaders experienced more modest paces of growth.

Imports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Imports in Western Africa

In 2022, supplies from abroad of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters decreased by X% to X units, falling for the second consecutive year after four years of growth. Overall, imports, however, saw a strong increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, electric oven and cooker imports shrank dramatically to $X in 2022. Over the period under review, imports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Ghana was the key importing country with an import of around X units, which accounted for X% of total imports. Guinea (X units) took the second position in the ranking, followed by Nigeria (X units) and Cote d'Ivoire (X units). All these countries together took near X% share of total imports. The following importers - Senegal (X units), Liberia (X units) and Mali (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to electric oven and cooker imports into Ghana stood at X%. At the same time, Guinea (X%), Liberia (X%), Cote d'Ivoire (X%), Mali (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Guinea 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. While the share of Ghana (X p.p.), Guinea (X p.p.), Cote d'Ivoire (X p.p.) and Liberia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported electric ovens, cookers, cooking plates, boiling rings, grillers and roasters in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Nigeria ($X), with an X% share of total imports. It was followed by Guinea, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Ghana amounted to X%. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Guinea (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Overall, the import price, however, continues to indicate a pronounced curtailment. The growth pace was the most rapid in 2020 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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