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Report ECOWAS - Lasers, Other Than Laser Diodes - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

ECOWAS - Lasers, Other Than Laser Diodes - Market Analysis, Forecast, Size, Trends and Insights

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ECOWAS: Laser Market 2024

Laser Market Size in ECOWAS

After three years of growth, the ECOWAS laser market decreased by -7.7% to $X in 2021. Over the period under review, consumption continues to indicate a significant expansion. Over the period under review, the market reached the peak level at $X in 2020, and then fell in the following year.

Laser Production in ECOWAS

In value terms, laser production declined significantly to $X in 2021 estimated in export price. Overall, production, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 365%. Over the period under review, production hit record highs at $X in 2020, and then contracted dramatically in the following year.

Laser Exports

Exports in ECOWAS

In 2021, approx. X units of lasers, other than laser diodes were exported in ECOWAS; which is down by -31.4% against 2020 figures. In general, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2019 when exports increased by 316% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, laser exports soared to $X in 2021. Over the period under review, exports, however, showed significant growth. The pace of growth was the most pronounced in 2019 with an increase of 367% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

Sierra Leone (X units) and Nigeria (X units) represented roughly 73% of total exports in 2021. Niger (X units) ranks next in terms of the total exports with an 11% share, followed by Senegal (10%). The following exporters - Ghana (X units) and Burkina Faso (X units) - each recorded a 3.7% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Senegal (with a CAGR of +45.7%), while the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) remains the largest laser supplier in ECOWAS, comprising 65% of total exports. The second position in the ranking was taken by Niger ($X), with an 11% share of total exports. It was followed by Sierra Leone, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Nigeria totaled +19.9%. In the other countries, the average annual rates were as follows: Niger (+28.8% per year) and Sierra Leone (+67.8% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2021, jumping by 142% against the previous year. Overall, the export price posted strong growth. The most prominent rate of growth was recorded in 2020 an increase of 158%. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Ghana ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+65.5%), while the other leaders experienced more modest paces of growth.

Laser Imports

Imports in ECOWAS

In 2021, supplies from abroad of lasers, other than laser diodes was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, laser imports skyrocketed to $X in 2021. Overall, imports posted significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 138%. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Nigeria dominates imports structure, recording X units, which was approx. 95% of total imports in 2021. Ghana (X units) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the lasers, other than laser diodes imports, with a CAGR of +109.7% from 2012 to 2021. At the same time, Ghana (+34.3%) displayed positive paces of growth. Nigeria (+85 p.p.) significantly strengthened its position in terms of the total imports, while Ghana saw its share reduced by -15.2% from 2012 to 2021, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported lasers, other than laser diodes in ECOWAS, comprising 43% of total imports. The second position in the ranking was held by Ghana ($X), with a 17% share of total imports.

In Nigeria, laser imports increased at an average annual rate of +63.4% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in ECOWAS amounted to $X per unit, dropping by -84.4% against the previous year. Overall, the import price showed a significant decline. The most prominent rate of growth was recorded in 2019 when the import price increased by 135% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Ghana ($X per unit), while Nigeria totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (-12.6%).

Source: IndexBox Platform

This report provides an in-depth analysis of the laser 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 26702330 - Lasers (excluding laser diodes, machines and appliances incorporating lasers)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 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. 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

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    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, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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