Western Africa: Facsimile Machine Market 2022

Facsimile Machine Exports

Exports in Western Africa

In 2021, the amount of facsimile machines exported in Western Africa soared to X tons, growing by X% against 2020. Overall, exports showed a prominent expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, facsimile machine exports fell remarkably to $X in 2021. In general, exports, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Nigeria (X tons) was the key exporter of facsimile machines, achieving X% of total exports. Cote d'Ivoire (X tons) took the second position in the ranking, distantly followed by Ghana (X tons). All these countries together held near X% share of total exports. The following exporters - Benin (X tons) and Liberia (X tons) - together made up X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Benin (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Ghana ($X) and Liberia ($X) were the countries with the highest levels of exports in 2021, with a combined X% share of total exports. Nigeria and Benin lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per ton, with a decrease of -X% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The growth pace was the most rapid in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Liberia ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, 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.

Facsimile Machine Imports

Imports in Western Africa

Facsimile machine imports reached X tons in 2021, increasing by X% against the previous year. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in years to come.

In value terms, facsimile machine imports totaled $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Nigeria was the major importing country with an import of about X tons, which amounted to X% of total imports. It was distantly followed by Ghana (X tons), Cote d'Ivoire (X tons) and Senegal (X tons), together mixing up a X% share of total imports. Togo (X tons) and Burkina Faso (X tons) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to facsimile machine imports into Nigeria stood at +X%. At the same time, Togo (+X%), Ghana (+X%), Cote d'Ivoire (+X%) and Senegal (+X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +X% from 2012-2021. By contrast, Burkina Faso (-X%) illustrated a downward trend over the same period. While the share of Ghana (+X p.p.), Cote d'Ivoire (+X p.p.) and Togo (+X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Burkina Faso (-X p.p.) and Nigeria (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported facsimile machines in Western Africa, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with an X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

In Nigeria, facsimile machine imports decreased by an average annual rate of -X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Ghana (+X% per year) and Cote d'Ivoire (+X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2021, dropping by -X% against the previous year. Over the period under review, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Cote d'Ivoire ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Burkina Faso (-X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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