ECOWAS: Radio Navigation Apparatus Market 2025

Radio Navigation Apparatus Market Size in ECOWAS

The ECOWAS radio navigation apparatus market rose markedly to $X in 2021, surging by 8.6% against the previous year. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Radio Navigation Apparatus Production in ECOWAS

In value terms, radio navigation apparatus production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 43% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Radio Navigation Apparatus Exports

Exports in ECOWAS

In 2021, shipments abroad of radio navigational aid apparatus increased by 59% to X tons, rising for the fourth year in a row after four years of decline. Overall, exports recorded a resilient expansion. The pace of growth was the most pronounced in 2013 when exports increased by 119%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, radio navigation apparatus exports skyrocketed to $X in 2021. In general, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2019 when exports increased by 70% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

The biggest shipments were from Senegal (X tons), Cote d'Ivoire (X tons) and Nigeria (X tons), together amounting to 78% of total export. Ghana (X kg) ranks next in terms of the total exports with a 5.5% share, followed by Guinea (5%). Mali (X kg) and Niger (X kg) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Cote d'Ivoire (with a CAGR of +86.9%), while the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X), Nigeria ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of exports in 2021, together comprising 70% of total exports.

In terms of the main exporting countries, Cote d'Ivoire, with a CAGR of +82.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in ECOWAS amounted to $X per ton, falling by -20.8% against the previous year. Over the period under review, the export price recorded a noticeable reduction. The pace of growth was the most pronounced in 2017 when the export price increased by 89% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Niger ($X per ton), while Guinea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Niger (+11.6%), while the other leaders experienced more modest paces of growth.

Radio Navigation Apparatus Imports

Imports in ECOWAS

In 2021, supplies from abroad of radio navigational aid apparatus increased by 30% to X tons, rising for the third consecutive year after four years of decline. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 85%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, radio navigation apparatus imports surged to $X in 2021. Over the period under review, imports saw a resilient increase. The growth pace was the most rapid in 2019 when imports increased by 129% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the immediate term.

Imports by Country

Ghana represented the largest importing country with an import of around X tons, which finished at 54% of total imports. Guinea (X tons) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by Nigeria (6.5%), Senegal (5.3%), Cote d'Ivoire (4.8%) and Niger (4.7%). Mali (X tons) held a relatively small share of total imports.

Imports into Ghana increased at an average annual rate of +24.1% from 2012 to 2021. At the same time, Mali (+30.8%), Guinea (+28.9%), Cote d'Ivoire (+18.5%), Niger (+18.3%), Nigeria (+17.3%) and Senegal (+10.2%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +30.8% from 2012-2021. From 2012 to 2021, the share of Ghana, Guinea and Mali increased by +13, +7 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported radio navigational aid apparatus in ECOWAS, comprising 47% of total imports. The second position in the ranking was held by Mali ($X), with an 8.6% share of total imports. It was followed by Nigeria, with a 6.6% share.

In Ghana, radio navigation apparatus imports expanded at an average annual rate of +21.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Mali (+41.5% per year) and Nigeria (+1.2% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2021, with an increase of 27% against the previous year. Overall, the import price, however, saw a noticeable decrease. The growth pace was the most rapid in 2015 when the import price increased by 41% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 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 Mali ($X per ton), while Guinea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mali (+8.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform