Report Update Nov 1, 2024

ECOWAS - Continuous and Discontinuous Totalisers - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

ECOWAS: Totaliser Market 2024

Totaliser Market Size in ECOWAS

After three years of growth, the ECOWAS totaliser market decreased by -70.8% to $X in 2021. Overall, consumption, however, recorded a significant expansion. The level of consumption peaked at $X in 2020, and then contracted dramatically in the following year.

Totaliser Production in ECOWAS

In value terms, totaliser production rose rapidly to $X in 2021 estimated in export price. Over the period under review, production posted buoyant growth. The growth pace was the most rapid in 2018 with an increase of 99%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Totaliser Exports

Exports in ECOWAS

In 2020, the amount of continuous and discontinuous totalisers exported in ECOWAS soared to X units, rising by 500% against the year before. In general, exports recorded a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, totaliser exports soared to $X in 2020. Overall, exports enjoyed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export Prices by Country

In 2020, the export price in ECOWAS amounted to $X per unit, increasing by 153% against the previous year. Over the period under review, the export price posted notable growth. The pace of growth appeared the most rapid in 2017 when the export price increased by 193%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2020, the export prices stood at a somewhat lower figure.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Togo (+63.8%), while the other leaders experienced mixed trends in the export price figures.

Totaliser Imports

Imports in ECOWAS

In 2021, supplies from abroad of continuous and discontinuous totalisers decreased by -68.7% to X units for the first time since 2016, thus ending a four-year rising trend. Overall, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 201% against the previous year. Over the period under review, imports reached the maximum at X units in 2020, and then reduced sharply in the following year.

In value terms, totaliser imports reduced rapidly to $X in 2021. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2014 when imports increased by 347% against the previous year. The level of import peaked at $X in 2020, and then reduced markedly in the following year.

Imports by Country

Nigeria prevails in imports structure, amounting to X units, which was near 76% of total imports in 2021. It was distantly followed by Burkina Faso (X units), mixing up a 6.7% share of total imports. Ghana (X units), Cote d'Ivoire (X units), Guinea (X units), Senegal (X units) and Gambia (X units) held a relatively small share of total imports.

Nigeria was also the fastest-growing in terms of the continuous and discontinuous totalisers imports, with a CAGR of +67.6% from 2012 to 2021. At the same time, Burkina Faso (+53.2%), Cote d'Ivoire (+16.7%), Senegal (+15.7%), Gambia (+14.9%), Ghana (+13.7%) and Guinea (+8.8%) displayed positive paces of growth. While the share of Nigeria (+69 p.p.) and Burkina Faso (+5.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Gambia (-2.6 p.p.), Senegal (-2.9 p.p.), Cote d'Ivoire (-4.7 p.p.), Guinea (-7.4 p.p.) and Ghana (-8.1 p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported continuous and discontinuous totalisers in ECOWAS, comprising 91% of total imports. The second position in the ranking was held by Senegal ($X), with a 3.4% share of total imports. It was followed by Cote d'Ivoire, with a 1.4% share.

From 2012 to 2021, the average annual growth rate of value in Nigeria stood at +65.5%. In the other countries, the average annual rates were as follows: Senegal (+26.0% per year) and Cote d'Ivoire (+11.6% per year).

Import Prices by Country

In 2021, the import price in ECOWAS amounted to $X per unit, declining by -9.4% against the previous year. Import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, totaliser import price decreased by -19.0% against 2019 indices. The growth pace was the most rapid in 2014 an increase of 78%. Over the period under review, import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Senegal ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Gambia (+14.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

This report provides an in-depth analysis of the totaliser market in ECOWAS. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28293130 - Continuous and discontinuous totalisers

Country coverage:

Benin
Burkina Faso
Cabo Verde
Gambia
Ghana
Guinea
Guinea-Bissau
Liberia
Mali
Niger
Nigeria
Senegal
Sierra Leone
Togo
Cote d'Ivoire

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in ECOWAS, split by region and country
Trade (exports and imports) in ECOWAS
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Niger
- Nigeria
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023