ECOWAS: Market for Parts For Electric Filament Or Discharge Lamps 2025

Market Size for Parts For Electric Filament Or Discharge Lamps in ECOWAS

The ECOWAS electric filament lamp parts market rose to $X in 2021, increasing by 4.2% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Parts For Electric Filament Or Discharge Lamps in ECOWAS

In value terms, electric filament lamp parts production dropped modestly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 22%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Parts For Electric Filament Or Discharge Lamps

Exports in ECOWAS

In 2021, overseas shipments of parts for electric filament or discharge lamps decreased by -62% to X kg, falling for the fourth year in a row after two years of growth. Overall, exports recorded a sharp setback. The pace of growth appeared the most rapid in 2016 when exports increased by 318%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, electric filament lamp parts exports declined sharply to $X in 2021. Over the period under review, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2015 with an increase of 254% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Nigeria (X kg), distantly followed by Togo (X kg), Cote d'Ivoire (X kg), Guinea (X kg) and Benin (X kg) represented the major exporters of parts for electric filament or discharge lamps, together constituting 98% of total exports.

From 2012 to 2021, the biggest increases were in Cote d'Ivoire (with a CAGR of +12.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest electric filament lamp parts supplying countries in ECOWAS were Nigeria ($X), Togo ($X) and Cote d'Ivoire ($X), together comprising 72% of total exports.

Cote d'Ivoire, with a CAGR of +23.4%, recorded the highest growth rate of 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 ton in 2021, waning by -4.4% against the previous year. In general, the export price, however, saw buoyant growth. The pace of growth was the most pronounced in 2015 an increase of 620% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Guinea ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Togo (+18.7%), while the other leaders experienced more modest paces of growth.

Imports of Parts For Electric Filament Or Discharge Lamps

Imports in ECOWAS

In 2021, overseas purchases of parts for electric filament or discharge lamps decreased by -17% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2018 with an increase of 578% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then fell significantly in the following year.

In value terms, electric filament lamp parts imports skyrocketed to $X in 2021. Overall, imports, however, recorded a noticeable expansion. The most prominent rate of growth was recorded in 2018 with an increase of 238% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

Nigeria represented the largest importing country with an import of about X tons, which finished at 48% of total imports. It was distantly followed by Senegal (X tons) and Ghana (X tons), together making up a 44% share of total imports. The following importers - Burkina Faso (X tons) and Cote d'Ivoire (X tons) - each resulted at a 6.4% share of total imports.

From 2012 to 2021, the biggest increases were in Burkina Faso (with a CAGR of +75.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electric filament lamp parts importing markets in ECOWAS were Ghana ($X), Nigeria ($X) and Senegal ($X), together accounting for 87% of total imports. Burkina Faso and Cote d'Ivoire lagged somewhat behind, together accounting for a further 9%.

Among the main importing countries, Burkina Faso, with a CAGR of +63.6%, 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

In 2021, the import price in ECOWAS amounted to $X per ton, jumping by 49% against the previous year. In general, the import price, however, saw a abrupt shrinkage. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Ghana ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+4.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform