ECOWAS: Transmission Apparatus Market 2025

Transmission Apparatus Market Size in ECOWAS

In 2021, after two years of decline, there was significant growth in the ECOWAS transmission apparatus market, when its value increased by 11% to $X. The total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -11.9% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Transmission Apparatus Production in ECOWAS

In value terms, transmission apparatus production expanded notably to $X in 2021 estimated in export price. The total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -18.3% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of 78%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Transmission Apparatus Exports

Exports in ECOWAS

In 2021, approx. X tons of transmission apparatus incorporating reception apparatus were exported in ECOWAS; shrinking by -37% on 2020. Overall, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 127% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, transmission apparatus exports dropped sharply to $X in 2021. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of 212%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Ghana (X tons), Cote d'Ivoire (X tons) and Nigeria (X tons) was the key exporter of transmission apparatus incorporating reception apparatus in ECOWAS, achieving 79% of total export. It was distantly followed by Senegal (X kg), achieving a 5.6% share of total exports. The following exporters - Liberia (X kg), Benin (X kg) and Mali (X kg) - together made up 9.9% of total exports.

From 2012 to 2021, the biggest increases were recorded for Liberia (with a CAGR of +27.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) emerged as the largest transmission apparatus supplier in ECOWAS, comprising 44% of total exports. The second position in the ranking was held by Ghana ($X), with a 21% share of total exports. It was followed by Cote d'Ivoire, with a 20% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Nigeria amounted to -10.1%. In the other countries, the average annual rates were as follows: Ghana (-14.1% per year) and Cote d'Ivoire (-8.2% per year).

Export Prices by Country

In 2021, the export price in ECOWAS amounted to $X per ton, surging by 27% against the previous year. Export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, transmission apparatus export price increased by +51.0% against 2017 indices. The pace of growth was the most pronounced in 2013 an increase of 62%. The level of export peaked at $X per ton in 2016; however, from 2017 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 Mali ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+13.4%), while the other leaders experienced more modest paces of growth.

Transmission Apparatus Imports

Imports in ECOWAS

In 2021, approx. X tons of transmission apparatus incorporating reception apparatus were imported in ECOWAS; growing by 6.4% against 2020 figures. Over the period under review, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 34%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, transmission apparatus imports soared to $X in 2021. Overall, imports posted a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of transmission apparatus incorporating reception apparatus, namely Senegal, Ghana and Mali, represented more than two-thirds of total import. Cote d'Ivoire (X tons) ranks next in terms of the total imports with an 11% share, followed by Nigeria (6.5%) and Guinea (5.5%). Burkina Faso (X tons) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Cote d'Ivoire (with a CAGR of +37.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mali ($X), Ghana ($X) and Cote d'Ivoire ($X) were the countries with the highest levels of imports in 2021, with a combined 62% share of total imports. These countries were followed by Senegal, Guinea, Nigeria and Burkina Faso, which together accounted for a further 32%.

Guinea, with a CAGR of +34.3%, recorded the highest growth rate of the value of imports, among the main importing countries 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, with an increase of 56% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 Guinea ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guinea (+7.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform