ECOWAS: Gps Navigator Market 2024

Gps Navigator Market Size in ECOWAS

The ECOWAS GPS navigator market rose modestly to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, saw a perceptible slump. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Gps Navigator Production in ECOWAS

In value terms, GPS navigator production rose modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible decrease. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Gps Navigator Exports

Exports in ECOWAS

In 2022, after two years of decline, there was significant growth in overseas shipments of aeronautical or space navigation instruments and appliances, when their volume increased by X% to X units. Overall, exports recorded resilient growth. The growth pace was the most rapid in 2019 with an increase of X%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, GPS navigator exports contracted to $X in 2022. In general, exports showed buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Senegal represented the main exporting country with an export of about X units, which amounted to X% of total exports. It was distantly followed by Togo (X units) and Ghana (X units), together committing a X% share of total exports. Sierra Leone (X units) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to GPS navigator exports from Senegal stood at X%. At the same time, Togo (X%), Ghana (X%) and Sierra Leone (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. While the share of Senegal (X p.p.), Togo (X p.p.) and Ghana (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Togo ($X) remains the largest GPS navigator supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with a X% share of total exports. It was followed by Ghana, with a X% share.

In Togo, GPS navigator exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, falling by X% against the previous year. In general, the export price, however, recorded a pronounced increase. The growth pace was the most rapid in 2021 an increase of X%. As a result, the export price attained the peak level of $X per unit, and then fell dramatically in the following year.

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

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

Gps Navigator Imports

Imports in ECOWAS

In 2022, overseas purchases of aeronautical or space navigation instruments and appliances increased by X% to X units, rising for the fourth consecutive year after two years of decline. In general, imports enjoyed a resilient 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 likely to continue growth in the near future.

In value terms, GPS navigator imports declined dramatically to $X in 2022. Over the period under review, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced remarkably in the following year.

Imports by Country

Ghana was the key importer of aeronautical or space navigation instruments and appliances in ECOWAS, with the volume of imports amounting to X units, which was near X% of total imports in 2022. It was distantly followed by Nigeria (X units), Mali (X units) and Cabo Verde (X units), together creating a X% share of total imports. Sierra Leone (X units), Guinea (X units) and Cote d'Ivoire (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to GPS navigator imports into Ghana stood at X%. At the same time, Nigeria (X%), Sierra Leone (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. Mali experienced a relatively flat trend pattern. By contrast, Cabo Verde (X%) and Guinea (X%) illustrated a downward trend over the same period. Ghana (X p.p.) and Nigeria (X p.p.) significantly strengthened its position in terms of the total imports, while Cote d'Ivoire, Guinea, Mali and Cabo Verde saw its share reduced by X%, X%, 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 GPS navigator importing markets in ECOWAS were Nigeria ($X), Ghana ($X) and Mali ($X), together accounting for X% of total imports.

Nigeria, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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 ECOWAS stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2020; however, from 2021 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 ($X per unit), while Ghana ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform