ECOWAS: Photographic Flashbulb Market 2024

Photographic Flashbulb Market Size in ECOWAS

In 2021, the ECOWAS photographic flashbulb market decreased by -93.4% to $X, falling for the second consecutive year after three years of growth. In general, consumption, however, showed significant growth. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Photographic Flashbulb Production in ECOWAS

In value terms, photographic flashbulb production rose slightly to $X in 2021 estimated in export price. Over the period under review, production, however, posted temperate growth. The growth pace was the most rapid in 2014 with an increase of 342% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Photographic Flashbulb Exports

Exports in ECOWAS

In 2021, shipments abroad of photographic flashbulbs and flashcubes 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, exports, however, showed a perceptible slump. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, photographic flashbulb exports surged to $X in 2021. Overall, exports posted a moderate expansion. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Burkina Faso was the major exporter of photographic flashbulbs and flashcubes in ECOWAS, with the volume of exports reaching X units, which was near 76% of total exports in 2021. It was distantly followed by Senegal (X units), creating a 23% share of total exports.

Burkina Faso was also the fastest-growing in terms of the photographic flashbulbs and flashcubes exports, with a CAGR of +64.0% from 2012 to 2021. Senegal (-1.4%) illustrated a downward trend over the same period. Burkina Faso (+76 p.p.) and Senegal (+3.5 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Burkina Faso ($X) and Senegal ($X) were the countries with the highest levels of exports in 2021.

In terms of the main exporting countries, Burkina Faso, with a CAGR of +36.1%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in ECOWAS amounted to $X per unit, reducing by -23.3% against the previous year. In general, the export price, however, showed resilient growth. The pace of growth was the most pronounced in 2015 an increase of 60%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Senegal ($X per unit), while Burkina Faso amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+5.8%).

Photographic Flashbulb Imports

Imports in ECOWAS

In 2021, supplies from abroad of photographic flashbulbs and flashcubes decreased by -89.7% to X units, falling for the second consecutive year after two years of growth. Overall, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 16,987%. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, photographic flashbulb imports shrank to $X in 2021. Over the period under review, imports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 196% against the previous year. The level of import peaked at $X in 2020, and then fell in the following year.

Imports by Country

Nigeria was the main importing country with an import of around X units, which finished at 59% of total imports. Cote d'Ivoire (X units) took the second position in the ranking, followed by Ghana (X units). All these countries together held approx. 33% share of total imports. The following importers - Burkina Faso (X units) and Niger (X units) - each finished at a 3.8% share of total imports.

Nigeria was also the fastest-growing in terms of the photographic flashbulbs and flashcubes imports, with a CAGR of +65.4% from 2012 to 2021. At the same time, Niger (+38.4%), Ghana (+17.4%) and Cote d'Ivoire (+7.2%) displayed positive paces of growth. By contrast, Burkina Faso (-24.9%) illustrated a downward trend over the same period. Nigeria (+59 p.p.), Ghana (+8.1 p.p.) and Niger (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Cote d'Ivoire and Burkina Faso saw its share reduced by -1.7% and -53.5% from 2012 to 2021, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported photographic flashbulbs and flashcubes in ECOWAS, comprising 78% of total imports. The second position in the ranking was held by Ghana ($X), with a 15% share of total imports. It was followed by Cote d'Ivoire, with a 1.2% share.

In Nigeria, photographic flashbulb imports expanded at an average annual rate of +43.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (+23.3% per year) and Cote d'Ivoire (+4.0% per year).

Import Prices by Country

In 2021, the import price in ECOWAS amounted to $X per unit, rising by 747% against the previous year. In general, the import price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of 4,570% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Ghana (+5.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform