ECOWAS: Market for Ultraviolet Or Infrared Lamps And Arc Lamps 2024

Market Size for Ultraviolet Or Infrared Lamps And Arc Lamps in ECOWAS

The ECOWAS market for ultraviolet or infrared lamps and arc lamps soared to $X in 2021, with an increase of 21% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Ultraviolet Or Infrared Lamps And Arc Lamps in ECOWAS

In value terms, ultraviolet, infrared, or arc lamp production expanded slightly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2014 with an increase of 55%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Ultraviolet Or Infrared Lamps And Arc Lamps

Exports in ECOWAS

In 2021, ultraviolet, infrared, or arc lamp exports in ECOWAS soared to X units, surging by 33% against 2020. Overall, exports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of 61%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, ultraviolet, infrared, or arc lamp exports dropped to $X in 2021. In general, exports posted resilient growth. The growth pace was the most rapid in 2014 when exports increased by 81% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Sierra Leone (X units) and Cote d'Ivoire (X units) prevails in exports structure, together creating 88% of total exports. It was distantly followed by Nigeria (X units), creating a 5.9% share of total exports. The following exporters - Guinea (X units) and Togo (X units) - each recorded a 4.2% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +15.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sierra Leone ($X) remains the largest ultraviolet, infrared, or arc lamp supplier in ECOWAS, comprising 73% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with an 11% share of total exports. It was followed by Nigeria, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value in Sierra Leone amounted to +11.2%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (+21.7% per year) and Nigeria (+7.6% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2021, reducing by -35.4% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2013 when the export price increased by 143% against the previous year. The level of export peaked at $X per unit in 2020, and then contracted rapidly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Guinea ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

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

Imports of Ultraviolet Or Infrared Lamps And Arc Lamps

Imports in ECOWAS

In 2021, the amount of ultraviolet or infrared lamps and arc lamps imported in ECOWAS soared to X units, growing by 25% compared with 2020 figures. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 256%. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, ultraviolet, infrared, or arc lamp imports fell remarkably to $X in 2021. Over the period under review, imports showed a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 296%. As a result, imports reached the peak of $X, and then fell markedly in the following year.

Imports by Country

Nigeria (X units) and Senegal (X units) dominates imports structure, together generating 96% of total imports. Cote d'Ivoire (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of +65.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported ultraviolet or infrared lamps and arc lamps in ECOWAS, comprising 49% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 14% share of total imports.

In Nigeria, ultraviolet, infrared, or arc lamp imports expanded at an average annual rate of +30.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+13.3% per year) and Senegal (+9.1% per year).

Import Prices by Country

In 2021, the import price in ECOWAS amounted to $X per unit, dropping by -55.4% against the previous year. Overall, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2020 an increase of 112%. Over the period under review, import prices attained the peak figure at $X per unit 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 Cote d'Ivoire ($X per unit), while Senegal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+4.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform