Western Africa: Semiconductor Led Market 2024

Semiconductor Led Market Size in Western Africa

The West African semiconductor LED market surged to $X in 2022, growing by X% against the previous year. Overall, consumption, however, posted a strong expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Semiconductor Led Production in Western Africa

In value terms, semiconductor LED production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production posted a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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Semiconductor Led Exports

Exports in Western Africa

In 2022, the amount of semiconductor light emitting diodes (LEDs) exported in Western Africa shrank sharply to X units, waning by X% compared with 2021 figures. In general, exports, however, recorded measured growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, semiconductor LED exports skyrocketed to $X in 2022. Overall, exports, however, enjoyed prominent growth. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Burkina Faso (X units), Ghana (X units) and Cote d'Ivoire (X units) represented the main exporter of semiconductor light emitting diodes (LEDs) in Western Africa, generating X% of total export. It was distantly followed by Togo (X units), Sierra Leone (X units) and Senegal (X units), together making up a X% share of total exports. Nigeria (X units) took a little share of total exports.

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

In value terms, the largest semiconductor LED supplying countries in Western Africa were Cote d'Ivoire ($X), Togo ($X) and Ghana ($X), with a combined X% share of total exports. Sierra Leone, Senegal, Burkina Faso and Nigeria lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price saw a prominent increase. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while Burkina Faso (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (X%), while the other leaders experienced more modest paces of growth.

Semiconductor Led Imports

Imports in Western Africa

For the third year in a row, Western Africa recorded decline in supplies from abroad of semiconductor light emitting diodes (LEDs), which decreased by X% to X units in 2022. In general, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, semiconductor LED imports reduced to $X in 2022. Over the period under review, imports, however, recorded a moderate expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Cote d'Ivoire (X units) and Ghana (X units) were the key importers of semiconductor light emitting diodes (LEDs) in Western Africa, together making up X% of total imports. Burkina Faso (X units) ranks next in terms of the total imports with a X% share, followed by Nigeria (X%), Benin (X%), Niger (X%) and Senegal (X%).

From 2012 to 2022, the biggest increases were recorded for Benin (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest semiconductor LED importing markets in Western Africa were Cote d'Ivoire ($X), Ghana ($X) and Nigeria ($X), together comprising X% of total imports. Benin, Burkina Faso, Senegal and Niger lagged somewhat behind, together accounting for a further X%.

Benin, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the import price in Western Africa amounted to $X per thousand units, rising by X% against the previous year. Over the period under review, the import price, however, saw a drastic downturn. The level of import peaked at $X per thousand units in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per thousand units), while Niger ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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