ECOWAS: Household Dishwashing Machine Market 2024

Household Dishwashing Machine Market Size in ECOWAS

The ECOWAS household dishwashing machine market shrank modestly to $X in 2022, waning by -2.8% against the previous year. In general, consumption recorded a noticeable descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Household Dishwashing Machine Production in ECOWAS

In value terms, household dishwashing machine production fell to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2015 when the production volume increased by 17% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Household Dishwashing Machine Exports

Exports in ECOWAS

In 2022, the amount of household dishwashing machines exported in ECOWAS skyrocketed to X units, surging by 48% on 2021. Overall, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 214% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, household dishwashing machine exports fell to $X in 2022. In general, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2015 when exports increased by 179% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X units) and Liberia (X units) represented roughly 69% of total exports in 2022. Nigeria (X units) took a 16% share (based on physical terms) of total exports, which put it in second place, followed by Ghana (8.9%). Sierra Leone (X units) and Senegal (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Ghana (with a CAGR of +20.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest household dishwashing machine supplying countries in ECOWAS were Cote d'Ivoire ($X), Liberia ($X) and Nigeria ($X), with a combined 92% share of total exports.

Liberia, with a CAGR of +39.1%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, dropping by -34.5% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by 23% against the previous year. The level of export peaked at $X per unit in 2021, and then contracted rapidly in the following year.

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 Cote d'Ivoire ($X per unit), while Ghana ($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 (+5.7%), while the other leaders experienced mixed trends in the export price figures.

Household Dishwashing Machine Imports

Imports in ECOWAS

After four years of growth, supplies from abroad of household dishwashing machines decreased by -17.2% to X units in 2022. In general, imports, however, saw strong growth. The growth pace was the most rapid in 2014 with an increase of 280%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, household dishwashing machine imports shrank to $X in 2022. Overall, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by 324% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Ghana (X units), Cote d'Ivoire (X units), Nigeria (X units) and Senegal (X units) was the key importer of household dishwashing machines in ECOWAS, mixing up 76% of total import. Cabo Verde (X units) ranks next in terms of the total imports with a 5.4% share, followed by Togo (5%). Gambia (X units) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Togo (with a CAGR of +25.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Ghana ($X) and Senegal ($X) constituted the countries with the highest levels of imports in 2022, together comprising 65% of total imports. Cote d'Ivoire, Cabo Verde, Togo and Gambia lagged somewhat behind, together accounting for a further 23%.

Togo, with a CAGR of +26.7%, 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

The import price in ECOWAS stood at $X per unit in 2022, increasing by 2.8% against the previous year. In general, the import price, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2014 when the import price increased by 12% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, 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 Gambia (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform