Western Africa: Radio Navigation Apparatus Market 2024

Radio Navigation Apparatus Market Size in Western Africa

The West African radio navigation apparatus market rose notably to $X in 2021, increasing by 8.6% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Radio Navigation Apparatus Production in Western Africa

In value terms, radio navigation apparatus production rose remarkably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 43%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Radio Navigation Apparatus Exports

Exports in Western Africa

In 2021, overseas shipments of radio navigational aid apparatus increased by 81% to X tons, rising for the fourth year in a row after four years of decline. Overall, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2013 when exports increased by 101%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, radio navigation apparatus exports surged to $X in 2021. In general, exports saw resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of 70% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

In 2021, Senegal (X kg), Cote d'Ivoire (X kg), Nigeria (X kg) and Saint Helena, Ascension and Tristan da Cunha (X kg) was the key exporter of radio navigational aid apparatus in Western Africa, committing 80% of total export. It was distantly followed by Ghana (X kg), constituting a 4.9% share of total exports. The following exporters - Guinea (X kg) and Mali (X kg) - together made up 7.5% 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 Cote d'Ivoire (with a CAGR of +86.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest radio navigation apparatus supplying countries in Western Africa were Senegal ($X), Nigeria ($X) and Cote d'Ivoire ($X), together accounting for 69% of total exports.

Cote d'Ivoire, with a CAGR of +82.9%, recorded the highest growth rate of the value of exports, among 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

In 2021, the export price in Western Africa amounted to $X per ton, shrinking by -29.3% against the previous year. Over the period under review, the export price recorded a perceptible setback. The pace of growth appeared the most rapid in 2017 an increase of 89%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Mali ($X per ton), while Saint Helena, Ascension and Tristan da Cunha ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mali (+10.6%), while the other leaders experienced more modest paces of growth.

Radio Navigation Apparatus Imports

Imports in Western Africa

In 2021, supplies from abroad of radio navigational aid apparatus increased by 31% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 83% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, radio navigation apparatus imports skyrocketed to $X in 2021. In general, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2019 with an increase of 125%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Ghana (X tons) was the largest importer of radio navigational aid apparatus, constituting 53% of total imports. Guinea (X tons) held the second position in the ranking, distantly followed by Nigeria (X tons), Senegal (X tons), Cote d'Ivoire (X tons) and Niger (X tons). All these countries together held near 36% share of total imports. Mali (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to radio navigation apparatus imports into Ghana stood at +24.1%. At the same time, Mali (+30.8%), Guinea (+28.9%), Cote d'Ivoire (+18.5%), Niger (+18.3%), Nigeria (+17.3%) and Senegal (+10.2%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +30.8% from 2012-2021. Ghana (+21 p.p.), Guinea (+8.6 p.p.) and Mali (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Senegal saw its share reduced by -3.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported radio navigational aid apparatus in Western Africa, comprising 45% of total imports. The second position in the ranking was taken by Mali ($X), with an 8.3% share of total imports. It was followed by Nigeria, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Ghana amounted to +21.2%. The remaining importing countries recorded the following average annual rates of imports growth: Mali (+41.5% per year) and Nigeria (+1.2% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2021, surging by 25% against the previous year. Over the period under review, the import price, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2015 an increase of 40% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mali (+8.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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