ECOWAS: Monitors And Projectors Market 2025

Monitors And Projectors Market Size in ECOWAS

The ECOWAS monitors and projectors market rose modestly to $X in 2022, growing by 4% against the previous year. The total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.6% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Monitors And Projectors Production in ECOWAS

In value terms, monitors and projectors production expanded to $X in 2022 estimated in export price. In general, production showed buoyant growth. The growth pace was the most rapid in 2018 with an increase of 40% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Monitors And Projectors Exports

Exports in ECOWAS

Monitors and projectors exports rose modestly to X units in 2022, surging by 2% on 2021. Overall, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2014 when exports increased by 34%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, monitors and projectors exports fell to $X in 2022. Over the period under review, exports, however, saw a significant decline. The pace of growth was the most pronounced in 2013 with an increase of 16%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Ghana (X units) was the main exporter of monitors and projectors, generating 53% of total exports. Nigeria (X units) ranks second in terms of the total exports with a 22% share, followed by Senegal (10%), Cote d'Ivoire (7.8%) and Sierra Leone (4.9%). Cabo Verde (X units) followed a long way behind the leaders.

Ghana experienced a relatively flat trend pattern with regard to volume of exports of monitors and projectors. Cote d'Ivoire (-8.3%), Cabo Verde (-10.4%), Senegal (-15.7%), Sierra Leone (-22.6%) and Nigeria (-27.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ghana, Cote d'Ivoire, Senegal and Cabo Verde increased by +46, +5.4, +3 and +1.5 percentage points, respectively.

In value terms, Senegal ($X), Ghana ($X) and Nigeria ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 88% of total exports.

Ghana, with a CAGR of +0.9%, 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 a decline in the exports figures.

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, shrinking by -12.6% against the previous year. In general, the export price continues to indicate a slight contraction. The pace of growth was the most pronounced in 2015 an increase of 66%. The level of export peaked at $X per unit in 2018; however, from 2019 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 Senegal ($X per unit), while Sierra Leone ($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 (+8.4%), while the other leaders experienced more modest paces of growth.

Monitors And Projectors Imports

Imports in ECOWAS

In 2022, monitors and projectors imports in ECOWAS surged to X units, growing by 16% compared with the previous year's figure. Overall, imports, however, saw a pronounced reduction. The pace of growth was the most pronounced in 2018 when imports increased by 34% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, monitors and projectors imports amounted to $X in 2022. Over the period under review, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 45%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Cote d'Ivoire (X units) represented the key importer of monitors and projectors, mixing up 39% of total imports. It was distantly followed by Ghana (X units), Nigeria (X units), Mali (X units) and Senegal (X units), together achieving a 51% share of total imports. Burkina Faso (X units) and Niger (X units) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Mali (with a CAGR of +47.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest monitors and projectors importing markets in ECOWAS were Ghana ($X), Nigeria ($X) and Cote d'Ivoire ($X), with a combined 79% share of total imports. Burkina Faso, Senegal, Mali and Niger lagged somewhat behind, together comprising a further 13%.

In terms of the main importing countries, Mali, with a CAGR of +25.9%, saw the highest rates of growth with regard to 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, waning by -6.5% against the previous year. Over the period under review, the import price recorded a deep slump. The pace of growth appeared the most rapid in 2017 an increase of 17%. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Nigeria ($X per unit), while Mali ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (-2.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform