Western Africa: Market for Optical Fibers and Bundles 2024

Market Size for Optical Fibers and Bundles in Western Africa

The West African optical fiber and bundle market reduced to $X in 2022, falling by X% against the previous year. Over the period under review, consumption showed a strong expansion. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Optical Fibers and Bundles in Western Africa

In value terms, optical fiber and bundle production dropped to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Optical Fibers and Bundles

Exports in Western Africa

In 2022, shipments abroad of optical fibers and bundles increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, optical fiber and bundle exports reduced to $X in 2022. Over the period under review, exports, however, continue to indicate a noticeable reduction. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Togo represented the main exporter of optical fibers and bundles in Western Africa, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Guinea (X kg), mixing up a X% share of total exports. Sierra Leone (X kg) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Sierra Leone (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Guinea ($X) remains the largest optical fiber and bundle supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Togo ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Guinea totaled X%. In the other countries, the average annual rates were as follows: Togo (X% per year) and Sierra Leone (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, waning by X% against the previous year. Overall, the export price faced a abrupt slump. The pace of growth was the most pronounced in 2020 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices remained at a somewhat lower figure.

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

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

Imports of Optical Fibers and Bundles

Imports in Western Africa

In 2022, overseas purchases of optical fibers and bundles increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, optical fiber and bundle imports skyrocketed to $X in 2022. In general, imports recorded a noticeable increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Nigeria prevails in imports structure, resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by Burkina Faso (X tons), constituting a X% share of total imports. Ghana (X tons) and Guinea (X tons) followed a long way behind the leaders.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Burkina Faso (X%), Guinea (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. While the share of Burkina Faso (X p.p.) and Guinea (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, Nigeria ($X) constitutes the largest market for imported optical fibers and bundles in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with an X% share of total imports. It was followed by Burkina Faso, with a X% share.

In Nigeria, optical fiber and bundle imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Burkina Faso (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, remaining constant against the previous year. In general, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the 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 Ghana ($X per ton), while Nigeria ($X per ton) 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 a decline in the import price figures.

Source: IndexBox Platform

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