Report Update Feb 1, 2025

ECOWAS - Electrical Insulators of Ceramics - Market Analysis, Forecast, Size, Trends and Insights

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ECOWAS: Ceramic Electrical Insulator Market 2025

Ceramic Electrical Insulator Market Size in ECOWAS

The ECOWAS ceramic electrical insulator market surged to $X in 2022, jumping by 24% against the previous year. Overall, consumption saw significant growth. The level of consumption peaked in 2022 and is likely to continue growth in the near future.

Ceramic Electrical Insulator Production in ECOWAS

In value terms, ceramic electrical insulator production surged to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 50% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Ceramic Electrical Insulator Exports

Exports by Country

Sierra Leone represented the main exporter of electrical insulators of ceramics in ECOWAS, with the volume of exports recording X units, which was approx. 84% of total exports in 2022. It was distantly followed by Ghana (X units), creating a 15% share of total exports.

Sierra Leone was also the fastest-growing in terms of the electrical insulators of ceramics exports, with a CAGR of +7.6% from 2020 to 2022. Ghana experienced a relatively flat trend pattern. While the share of Sierra Leone (+2.2 p.p.) increased significantly in terms of the total exports from 2020-2022, the share of Ghana (-2.2 p.p.) displayed negative dynamics.

In value terms, Sierra Leone ($X) remains the largest ceramic electrical insulator supplier in ECOWAS, comprising 85% of total exports. The second position in the ranking was taken by Ghana ($X), with a 15% share of total exports.

From 2020 to 2022, the average annual growth rate of value in Sierra Leone totaled +4.4%.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, surging by 5.2% against the previous year. Overall, the export price, however, continues to indicate a pronounced slump. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per unit), while Sierra Leone amounted to $X per unit.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (-2.4%).

Ceramic Electrical Insulator Imports

Imports in ECOWAS

In 2022, the amount of electrical insulators of ceramics imported in ECOWAS expanded modestly to X units, picking up by 2.3% on the previous year's figure. Over the period under review, imports showed resilient growth. The most prominent rate of growth was recorded in 2018 when imports increased by 1,320%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, ceramic electrical insulator imports declined dramatically to $X in 2022. Overall, imports, however, showed a slight descent. The most prominent rate of growth was recorded in 2020 with an increase of 406% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Nigeria prevails in imports structure, resulting at X units, which was approx. 81% of total imports in 2022. Niger (X units) took a 7.4% share (based on physical terms) of total imports, which put it in second place, followed by Ghana (5.9%). Mali (X units) took a little share of total imports.

Imports into Nigeria increased at an average annual rate of +14.4% from 2012 to 2022. At the same time, Mali (+181.2%), Niger (+89.0%) and Ghana (+5.4%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +181.2% from 2012-2022. Niger (+7.3 p.p.) and Mali (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Nigeria and Ghana saw its share reduced by -3.6% and -8.2% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported electrical insulators of ceramics in ECOWAS, comprising 79% of total imports. The second position in the ranking was held by Ghana ($X), with a 9.8% share of total imports. It was followed by Niger, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria stood at -2.4%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (-5.3% per year) and Niger (+48.3% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per unit, shrinking by -27.4% against the previous year. Overall, the import price saw a abrupt descent. The pace of growth was the most pronounced in 2017 when the import price increased by 500%. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, 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 Ghana ($X per unit), while Niger ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (+30.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

This report provides an in-depth analysis of the ceramic electrical insulator 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 23431030 - Electrical insulators of ceramics (excluding insulating fittings)

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption, By Country, 2018–2024
5. Production, In Physical Terms, By Country, 2012–2024
6. Imports, In Physical Terms, By Country, 2012–2024
7. Imports, In Value Terms, By Country, 2012–2024
8. Import Prices, By Country Of Destination, 2012–2024
9. Exports, In Physical Terms, By Country, 2012–2024
10. Exports, In Value Terms, By Country, 2012–2024
11. Export Prices, By Country Of Origin, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Consumption, By Country, 2024
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, 2012–2024
18. Production, In Value Terms, 2012–2024
19. Production, By Country, 2024
20. Production, In Physical Terms, By Country, 2012–2024
21. Imports, In Physical Terms, 2012–2024
22. Imports, In Value Terms, 2012–2024
23. Imports, In Physical Terms, By Country, 2024
24. Imports, In Physical Terms, By Country, 2012–2024
25. Imports, In Value Terms, By Country, 2012–2024
26. Import Prices, By Country, 2012–2024
27. Exports, In Physical Terms, 2012–2024
28. Exports, In Value Terms, 2012–2024
29. Exports, In Physical Terms, By Country, 2024
30. Exports, In Physical Terms, By Country, 2012–2024
31. Exports, In Value Terms, By Country, 2012–2024
32. Export Prices, 2012–2024