Western Africa: Memories Market 2024

Memories Market Size in Western Africa

The West African memories market expanded modestly to $X in 2023, picking up by X% against the previous year. Overall, consumption, however, continues to indicate a abrupt descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Memories Production in Western Africa

In value terms, memories production reached $X in 2023 estimated in export price. Overall, production, however, continues to indicate a deep downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

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Memories Exports

Exports in Western Africa

In 2023, exports of multichip integrated circuits: memories in Western Africa dropped remarkably to X units, with a decrease of X% compared with 2022. Over the period under review, exports faced a deep reduction. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports attained the peak of X units. From 2014 to 2023, the growth of the exports failed to regain momentum.

In value terms, memories exports dropped remarkably to $X in 2023. Overall, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

Nigeria represented the major exporting country with an export of about X units, which finished at X% of total exports. Senegal (X units) ranks second in terms of the total exports with a X% share, followed by Sierra Leone (X%), Mali (X%), Mauritania (X%), Cote d'Ivoire (X%) and Niger (X%).

Nigeria was also the fastest-growing in terms of the multichip integrated circuits: memories exports, with a CAGR of X% from 2012 to 2023. At the same time, Sierra Leone (X%) displayed positive paces of growth. By contrast, Cote d'Ivoire (X%), Mali (X%), Senegal (X%), Niger (X%) and Mauritania (X%) illustrated a downward trend over the same period. Nigeria (X p.p.), Sierra Leone (X p.p.) and Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total exports, while Mali, Senegal, Niger and Mauritania saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively.

In value terms, Nigeria ($X), Cote d'Ivoire ($X) and Mali ($X) were the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

Nigeria, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2023, surging by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while Mauritania ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced more modest paces of growth.

Memories Imports

Imports in Western Africa

In 2023, imports of multichip integrated circuits: memories in Western Africa fell significantly to X units, waning by X% on the year before. Overall, imports saw a abrupt descent. The growth pace was the most rapid in 2018 with an increase of X%. The volume of import peaked at X units in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, memories imports dropped remarkably to $X in 2023. In general, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Nigeria prevails in imports structure, recording X units, which was approx. X% of total imports in 2023. Cote d'Ivoire (X units) ranks second in terms of the total imports with an X% share, followed by Burkina Faso (X%) and Senegal (X%). Benin (X units) took a relatively small share of total imports.

Imports into Nigeria decreased at an average annual rate of X% from 2012 to 2023. At the same time, Cote d'Ivoire (X%), Burkina Faso (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. By contrast, Benin (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Cote d'Ivoire, Burkina Faso, Senegal and Benin increased by X, X, X and X percentage points, respectively.

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

From 2012 to 2023, the average annual growth rate of value in Nigeria amounted to X%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Senegal (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2023, growing by X% against the previous year. In general, the import price, however, continues to indicate a mild slump. The growth pace was the most rapid in 2014 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Cote d'Ivoire ($X per unit), while Benin ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform