Western Africa: Electronic Lamp Machine Market 2024

Electronic Lamp Machine Market Size in Western Africa

The West African electronic lamp machine market stood at $X in 2022, almost unchanged from the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the market attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

Electronic Lamp Machine Production in Western Africa

In value terms, electronic lamp machine production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Electronic Lamp Machine Exports

Exports in Western Africa

In 2020, shipments abroad of machines for electric or electronic lamps, tubes, valves or flashbulbs decreased by X% to X units, falling for the third consecutive year after three years of growth. In general, exports saw a abrupt contraction. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2020, the growth of the exports remained at a somewhat lower figure.

In value terms, electronic lamp machine exports stood at $X in 2020. Over the period under review, exports faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2020, the growth of the exports remained at a lower figure.

Exports by Country

Ghana (X units) represented roughly X% of total exports in 2020.

Ghana experienced a relatively flat trend pattern with regard to volume of exports of machines for electric or electronic lamps, tubes, valves or flashbulbs. While the share of Ghana (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In Ghana, electronic lamp machine exports expanded at an average annual rate of X% over the period from 2012-2020.

Export Prices by Country

In 2020, the export price in Western Africa amounted to $X per unit, approximately equating the previous year. Overall, the export price faced a precipitous descent. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2020, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Ghana.

From 2012 to 2020, the rate of growth in terms of prices for Ghana amounted to X% per year.

Electronic Lamp Machine Imports

Imports in Western Africa

In 2022, the amount of machines for electric or electronic lamps, tubes, valves or flashbulbs imported in Western Africa dropped remarkably to X units, reducing by X% on 2021. In general, imports, however, saw a moderate increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, electronic lamp machine imports fell rapidly to $X in 2022. Overall, imports continue to indicate a noticeable setback. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Nigeria prevails in imports structure, recording X units, which was near X% of total imports in 2022. Ghana (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (X%) and Mali (X%). Gambia (X units) held a little share of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Mali (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Cote d'Ivoire and Gambia experienced a relatively flat trend pattern. Nigeria (X p.p.) significantly strengthened its position in terms of the total imports, while Ghana and Cote d'Ivoire saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electronic lamp machine importing markets in Western Africa were Nigeria ($X), Ghana ($X) and Mali ($X), with a combined X% share of total imports.

Mali, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 unit in 2022, dropping by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, import prices reached the peak figure at $X per unit in 2015; however, from 2016 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 Mali ($X per unit), while Cote d'Ivoire ($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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