ECOWAS: Market for Digital Data Processing Machines: Presented In The Form Of Systems 2024

Market Size for Digital Data Processing Machines: Presented In The Form Of Systems in ECOWAS

The ECOWAS digital data processing machine market rose remarkably to $X in 2021, growing by 9.2% against the previous year. Over the period under review, consumption recorded a slight increase. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Digital Data Processing Machines: Presented In The Form Of Systems in ECOWAS

In value terms, digital data processing machine production expanded notably to $X in 2021 estimated in export price. The total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -15.5% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 63% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Digital Data Processing Machines: Presented In The Form Of Systems

Exports in ECOWAS

After two years of decline, overseas shipments of digital data processing machines: presented in the form of systems increased by 181% to X units in 2021. In general, exports continue to indicate a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, digital data processing machine exports rose slightly to $X in 2021. Overall, exports, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 90% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Senegal prevails in exports structure, reaching X units, which was approx. 82% of total exports in 2021. Nigeria (X units) ranks second in terms of the total exports with a 5.8% share, followed by Sierra Leone (4.7%). Cabo Verde (X units) followed a long way behind the leaders.

Senegal was also the fastest-growing in terms of the digital data processing machines: presented in the form of systems exports, with a CAGR of +25.3% from 2012 to 2021. At the same time, Cabo Verde (+4.5%) displayed positive paces of growth. By contrast, Sierra Leone (-5.7%) and Nigeria (-16.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Senegal increased by +64 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) emerged as the largest digital data processing machine supplier in ECOWAS, comprising 42% of total exports. The second position in the ranking was taken by Nigeria ($X), with a 12% share of total exports. It was followed by Sierra Leone, with a 4.4% share.

In Senegal, digital data processing machine exports increased at an average annual rate of +11.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Nigeria (-20.6% per year) and Sierra Leone (-8.3% per year).

Export Prices by Country

In 2021, the export price in ECOWAS amounted to $X per unit, declining by -62.9% against the previous year. In general, the export price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2017 an increase of 53%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, 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 Nigeria ($X per unit), while Senegal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cabo Verde (-2.6%), while the other leaders experienced a decline in the export price figures.

Imports of Digital Data Processing Machines: Presented In The Form Of Systems

Imports in ECOWAS

In 2021, approx. X units of digital data processing machines: presented in the form of systems were imported in ECOWAS; growing by 8.5% on 2020 figures. Overall, imports posted a measured expansion. The most prominent rate of growth was recorded in 2014 with an increase of 113%. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, digital data processing machine imports surged to $X in 2021. Over the period under review, imports posted a mild expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 65% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Ghana (X units), distantly followed by Cote d'Ivoire (X units), Togo (X units), Senegal (X units), Mali (X units), Nigeria (X units) and Burkina Faso (X units) represented the main importers of digital data processing machines: presented in the form of systems, together mixing up 93% of total imports.

From 2012 to 2021, the biggest increases were recorded for Mali (with a CAGR of +21.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Ghana ($X) and Senegal ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 57% of total imports. These countries were followed by Nigeria, Mali, Burkina Faso and Togo, which together accounted for a further 31%.

Mali, with a CAGR of +17.5%, recorded the highest rates of growth with regard to 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

In 2021, the import price in ECOWAS amounted to $X per unit, growing by 21% against the previous year. Overall, the import price, however, recorded a mild curtailment. The level of import peaked at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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 Nigeria ($X per unit), while Togo ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform