Western Africa: Capacitor Market 2024

Capacitor Market Size in Western Africa

The West African capacitor market was estimated at $X in 2022, increasing by X% against the previous year. The total consumption indicated a resilient increase 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. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Capacitor Production in Western Africa

In value terms, capacitor production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production showed resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Capacitor Exports

Exports in Western Africa

In 2022, overseas shipments of electrical capacitors decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed a perceptible expansion. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The volume of export peaked at X units in 2021, and then shrank modestly in the following year.

In value terms, capacitor exports contracted to $X in 2022. In general, exports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined in the following year.

Exports by Country

Mali prevails in exports structure, accounting for X units, which was near X% of total exports in 2022. Sierra Leone (X units) held a little share of total exports.

Mali was also the fastest-growing in terms of the electrical capacitors exports, with a CAGR of X% from 2012 to 2022. Sierra Leone (X%) illustrated a downward trend over the same period. While the share of Mali (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sierra Leone (X p.p.) displayed negative dynamics.

In value terms, Mali ($X) remains the largest capacitor supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Sierra Leone ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Mali totaled X%.

Export Prices by Country

The export price in Western Africa stood at $X per thousand units in 2022, declining by X% against the previous year. In general, the export price, however, showed a tangible expansion. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, the export price attained the peak level of $X per thousand units. From 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sierra Leone ($X per thousand units), while Mali amounted to $X per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (X%).

Capacitor Imports

Imports in Western Africa

In 2022, the amount of electrical capacitors imported in Western Africa soared to X units, with an increase of X% compared with the previous year. Overall, imports, however, continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, capacitor imports dropped markedly to $X in 2022. Over the period under review, imports, however, saw a noticeable shrinkage. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Cote d'Ivoire was the major importer of electrical capacitors in Western Africa, with the volume of imports amounting to X units, which was near X% of total imports in 2022. Senegal (X units) ranks second in terms of the total imports with a X% share, followed by Nigeria (X%). Ghana (X units) held a relatively small share of total imports.

Cote d'Ivoire was also the fastest-growing in terms of the electrical capacitors imports, with a CAGR of X% from 2012 to 2022. At the same time, Senegal (X%) displayed positive paces of growth. By contrast, Ghana (X%) and Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cote d'Ivoire and Senegal increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest capacitor importing markets in Western Africa were Cote d'Ivoire ($X), Nigeria ($X) and Ghana ($X), with a combined X% share of total imports.

Among the main importing countries, Cote d'Ivoire, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The import price in Western Africa stood at $X per thousand units in 2022, dropping by X% against the previous year. Overall, the import price, however, posted a buoyant increase. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The level of import peaked at $X per thousand units in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Nigeria ($X per thousand units), while Senegal ($X per thousand units) 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 mixed trends in the import price figures.

Source: IndexBox Platform

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