ECOWAS: Electric Lamp Market 2025

Electric Lamp Market Size in ECOWAS

In 2022, the ECOWAS electric lamp market decreased by X% to $X, falling for the second year in a row after three years of growth. Overall, consumption recorded a slight downturn. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Electric Lamp Production in ECOWAS

In value terms, electric lamp production reached $X in 2022 estimated in export price. The total production indicated pronounced growth 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Electric Lamp Exports

Exports in ECOWAS

Electric lamp exports shrank dramatically to X units in 2022, declining by X% compared with 2021. Overall, exports continue to indicate a perceptible slump. The pace of growth was the most pronounced in 2021 when exports increased by X%. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, electric lamp exports declined to $X in 2022. Over the period under review, exports continue to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Ghana was the key exporter of electric lamps in ECOWAS, with the volume of exports resulting at X units, which was near X% of total exports in 2022. It was distantly followed by Cote d'Ivoire (X units) and Nigeria (X units), together committing a X% share of total exports. Guinea (X units) followed a long way behind the leaders.

Exports from Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Guinea (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing exporter exported 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, Cote d'Ivoire and Guinea increased by X, X and X percentage points, respectively.

In value terms, Ghana ($X) remains the largest electric lamp supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total exports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Ghana totaled X%. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while Cote d'Ivoire ($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 export price figures.

Electric Lamp Imports

Imports in ECOWAS

In 2022, purchases abroad of electric lamps decreased by X% to X units, falling for the second year in a row after three years of growth. In general, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, electric lamp imports dropped sharply to $X in 2022. Overall, imports recorded a slight slump. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Nigeria (X units) was the largest importer of electric lamps, creating X% of total imports. Ghana (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (X%), Guinea (X%) and Togo (X%). The following importers - Sierra Leone (X units) and Senegal (X units) - each reached a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Sierra Leone (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Ghana ($X) and Cote d'Ivoire ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Guinea, Sierra Leone, Senegal and Togo lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Sierra Leone, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the import price in ECOWAS amounted to $X per unit, declining by X% against the previous year. Over the period under review, the import price, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, import prices attained the peak figure at $X per unit in 2016; however, from 2017 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 Sierra Leone ($X per unit), while Togo ($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 more modest paces of growth.

Source: IndexBox Platform