ECOWAS: Appliance Part Brush Market 2024

Appliance Part Brush Market Size in ECOWAS

The ECOWAS appliance part brush market rose markedly to $X in 2022, picking up by 9.2% against the previous year. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Appliance Part Brush Production in ECOWAS

In value terms, appliance part brush production rose markedly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 37%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Appliance Part Brush Exports

Exports in ECOWAS

In 2022, overseas shipments of brushes constituting parts of appliances decreased by -19.8% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2014 with an increase of 746%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, appliance part brush exports shrank to $X in 2022. Overall, exports saw a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of 1,141% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ghana represented the major exporter of brushes constituting parts of appliances in ECOWAS, with the volume of exports reaching X units, which was approx. 71% of total exports in 2022. Cote d'Ivoire (X units) held a 15% share (based on physical terms) of total exports, which put it in second place, followed by Sierra Leone (5.8%) and Nigeria (5.1%). Mali (X units) took a minor share of total exports.

Exports from Ghana decreased at an average annual rate of -4.9% from 2012 to 2022. At the same time, Cote d'Ivoire (+28.4%) and Mali (+9.7%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of +28.4% from 2012-2022. By contrast, Sierra Leone (-7.0%) and Nigeria (-10.0%) illustrated a downward trend over the same period. Cote d'Ivoire (+14 p.p.) and Mali (+2 p.p.) significantly strengthened its position in terms of the total exports, while Sierra Leone, Ghana and Nigeria saw its share reduced by -1.8%, -3.7% and -4.2% from 2012 to 2022, respectively.

In value terms, the largest appliance part brush supplying countries in ECOWAS were Nigeria ($X), Ghana ($X) and Cote d'Ivoire ($X), together comprising 78% of total exports.

In terms of the main exporting countries, Cote d'Ivoire, with a CAGR of +24.3%, recorded the highest growth rate of 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 ECOWAS amounted to $X per unit, increasing by 9% against the previous year. In general, the export price, however, showed a perceptible setback. The pace of growth appeared the most rapid in 2018 when the export price increased by 71%. Over the period under review, the export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, 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 Nigeria (+13.1%), while the other leaders experienced more modest paces of growth.

Appliance Part Brush Imports

Imports in ECOWAS

In 2022, overseas purchases of brushes constituting parts of appliances increased by 31% to X units for the first time since 2019, thus ending a two-year declining trend. In general, imports saw a moderate expansion. The pace of growth was the most pronounced in 2019 when imports increased by 127%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, appliance part brush imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed prominent growth. The pace of growth appeared the most rapid in 2019 when imports increased by 84%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Nigeria (X units) and Cote d'Ivoire (X units) represented the main importers of brushes constituting parts of appliances in ECOWAS, together achieving 51% of total imports. It was distantly followed by Ghana (X units), Senegal (X units) and Guinea (X units), together generating a 29% share of total imports. The following importers - Burkina Faso (X units) and Niger (X units) - each recorded an 8.6% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Guinea (with a CAGR of +54.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported brushes constituting parts of appliances in ECOWAS, comprising 37% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 17% share of total imports. It was followed by Burkina Faso, with an 11% share.

In Nigeria, appliance part brush imports expanded at an average annual rate of +9.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+9.7% per year) and Burkina Faso (+43.3% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, flattening at the previous year. Import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, appliance part brush import price decreased by -13.5% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the import price increased by 95% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Burkina Faso ($X per unit), while Guinea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+10.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform