ECOWAS: Ignition Coil Market 2025

Ignition Coil Market Size in ECOWAS

In 2022, the ECOWAS ignition coil market increased by X% to $X, rising for the seventh year in a row after three years of decline. The total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2015 indices. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Ignition Coil Production in ECOWAS

In value terms, ignition coil production rose markedly to $X in 2022 estimated in export price. Over the period under review, production recorded a modest expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Ignition Coil Exports

Exports in ECOWAS

In 2022, the amount of distributors and ignition coils exported in ECOWAS soared to X units, with an increase of X% on the previous year's figure. In general, exports recorded pronounced growth. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, ignition coil exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Sierra Leone (X units) and Nigeria (X units) dominates exports structure, together making up X% of total exports. It was distantly followed by Senegal (X units), committing a X% share of total exports. Cote d'Ivoire (X units) took a little share of total exports.

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

In value terms, the largest ignition coil supplying countries in ECOWAS were Sierra Leone ($X), Nigeria ($X) and Senegal ($X), together comprising X% of total exports.

Sierra Leone, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the export price showed a pronounced decrease. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 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 Sierra Leone ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

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

Ignition Coil Imports

Imports in ECOWAS

For the third consecutive year, ECOWAS recorded growth in supplies from abroad of distributors and ignition coils, which increased by X% to X units in 2022. Overall, imports recorded a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, ignition coil imports rose sharply to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Ghana represented the key importer of distributors and ignition coils in ECOWAS, with the volume of imports finishing at X units, which was near X% of total imports in 2022. It was distantly followed by Cote d'Ivoire (X units), Nigeria (X units), Guinea (X units) and Mali (X units), together mixing up a X% share of total imports. Burkina Faso (X units) followed a long way behind the leaders.

Imports into Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Mali (X%), Guinea (X%), Cote d'Ivoire (X%) and Burkina Faso (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ghana, Guinea, Mali and Cote d'Ivoire increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X), Ghana ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Guinea, Mali and Burkina Faso lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Guinea, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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, stabilizing at the previous year. In general, the import price, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Nigeria ($X per unit), while Guinea ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform