Report Update Nov 1, 2024

ECOWAS - Semiconductor Devices - Market Analysis, Forecast, Size, Trends and Insights

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ECOWAS: Semiconductor Device Market 2024

Semiconductor Device Market Size in ECOWAS

The ECOWAS semiconductor device market fell to $X in 2021, dropping by -3.4% against the previous year. In general, consumption, however, saw a mild descent. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Semiconductor Device Production in ECOWAS

In value terms, semiconductor device production shrank to $X in 2021 estimated in export price. Overall, production recorded a mild contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by 23% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Semiconductor Device Exports

Exports in ECOWAS

In 2021, after two years of growth, there was significant decline in shipments abroad of semiconductor devices, when their volume decreased by -7.3% to X units. Over the period under review, exports, however, posted a significant expansion. The growth pace was the most rapid in 2019 when exports increased by 1,917%. The volume of export peaked at X units in 2020, and then contracted in the following year.

In value terms, semiconductor device exports skyrocketed to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 460%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Burkina Faso (X units) and Benin (X units) dominates exports structure, together making up 97% of total exports. Niger (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Burkina Faso (with a CAGR of +157.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Burkina Faso ($X) remains the largest semiconductor device supplier in ECOWAS, comprising 56% of total exports. The second position in the ranking was held by Niger ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Burkina Faso amounted to +118.3%. In the other countries, the average annual rates were as follows: Niger (+64.5% per year) and Benin (0.0% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2021, jumping by 54% against the previous year. In general, the export price, however, showed a sharp setback. The growth pace was the most rapid in 2014 when the export price increased by 307% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the export prices remained at a 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 Niger ($X per unit), while Benin (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Niger (+5.9%).

Semiconductor Device Imports

Imports in ECOWAS

In 2021, supplies from abroad of semiconductor devices increased by 177% to X units, rising for the third consecutive year after four years of decline. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 990%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, semiconductor device imports soared to $X in 2021. Overall, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 699% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Nigeria prevails in imports structure, resulting at X units, which was near 96% of total imports in 2021. Burkina Faso (X units) took a little share of total imports.

Nigeria was also the fastest-growing in terms of the semiconductor devices imports, with a CAGR of +32.1% from 2012 to 2021. At the same time, Burkina Faso (+14.4%) displayed positive paces of growth. From 2012 to 2021, the share of Nigeria increased by +14 percentage points.

In value terms, Nigeria ($X) constitutes the largest market for imported semiconductor devices in ECOWAS, comprising 80% of total imports. The second position in the ranking was held by Burkina Faso ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Nigeria amounted to +22.0%.

Import Prices by Country

In 2021, the import price in ECOWAS amounted to less than $X per unit, dropping by -8.4% against the previous year. In general, the import price faced a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 235%. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Burkina Faso ($X per unit), while Nigeria stood at less than $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Burkina Faso (+1.7%).

Source: IndexBox Platform

This report provides an in-depth analysis of the semiconductor device market in ECOWAS. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26112260 - Semiconductor devices (excluding photosensitive semiconductor devices, photovoltaic cells, thyristors, diacs and triacs, transistors, diodes, and light-emitting diodes)

Country coverage:

Benin
Burkina Faso
Cabo Verde
Gambia
Ghana
Guinea
Guinea-Bissau
Liberia
Mali
Niger
Nigeria
Senegal
Sierra Leone
Togo
Cote d'Ivoire

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in ECOWAS, split by region and country
Trade (exports and imports) in ECOWAS
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Niger
- Nigeria
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023