ECOWAS: Line Telephone Market 2024

Line Telephone Market Size in ECOWAS

The ECOWAS line telephone market contracted to $X in 2022, waning by -1.8% against the previous year. Over the period under review, consumption showed a abrupt shrinkage. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Line Telephone Production in ECOWAS

In value terms, line telephone production fell slightly to $X in 2022 estimated in export price. In general, production, however, saw a deep contraction. The pace of growth appeared the most rapid in 2018 with an increase of 25% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Line Telephone Exports

Exports in ECOWAS

Line telephone exports fell dramatically to X units in 2022, with a decrease of -20.6% against 2021 figures. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 when exports increased by 277%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, line telephone exports contracted to $X in 2022. Overall, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 206%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the four major exporters of line telephone sets with cordless handsets, namely Senegal, Nigeria, Cote d'Ivoire and Ghana, represented more than two-thirds of total export. The following exporters - Cabo Verde (X units), Niger (X units) and Mali (X units) - together made up 7.4% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Senegal (with a CAGR of +5.2%), while the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Cote d'Ivoire ($X) and Senegal ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 77% of total exports. Ghana, Cabo Verde, Mali and Niger lagged somewhat behind, together comprising a further 22%.

Cabo Verde, with a CAGR of +16.3%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, growing by 8.9% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the export price increased by 30% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 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 Cabo Verde ($X per unit), while Niger ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cabo Verde (+12.4%), while the other leaders experienced more modest paces of growth.

Line Telephone Imports

Imports in ECOWAS

In 2022, after three years of growth, there was significant decline in purchases abroad of line telephone sets with cordless handsets, when their volume decreased by -5.3% to X units. Over the period under review, imports showed a pronounced contraction. The most prominent rate of growth was recorded in 2020 with an increase of 89% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, line telephone imports dropped to $X in 2022. In general, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 when imports increased by 91%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of line telephone imports in 2022 were Mali (X units), Senegal (X units), Ghana (X units) and Togo (X units), together recording 78% of total import. It was distantly followed by Cabo Verde (X units), committing a 5.8% share of total imports. Guinea (X units), Cote d'Ivoire (X units) and Niger (X units) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Togo (with a CAGR of +37.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X), Togo ($X) and Mali ($X) constituted the countries with the highest levels of imports in 2022, together comprising 60% of total imports.

In terms of the main importing countries, Togo, with a CAGR of +41.0%, saw 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

The import price in ECOWAS stood at $X per unit in 2022, dropping by -3.5% against the previous year. Over the period under review, the import price recorded a slight downturn. The growth pace was the most rapid in 2017 an increase of 7.6%. Over the period under review, import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Cote d'Ivoire ($X per unit), while Mali ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+2.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform