ECOWAS: Market for Vacuum Cleaners Without Motor 2025

Market Size for Vacuum Cleaners Without Motor in ECOWAS

The ECOWAS vacuum cleaner without motor market was estimated at $X in 2022, stabilizing at the previous year. Overall, consumption, however, showed a mild slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Vacuum Cleaners Without Motor in ECOWAS

In value terms, vacuum cleaner without motor production stood at $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild reduction. The pace of growth was the most pronounced in 2016 when the production volume increased by 21% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Vacuum Cleaners Without Motor

Exports in ECOWAS

In 2022, approx. X units of vacuum cleaners without motor were exported in ECOWAS; reducing by -6.6% against the year before. In general, exports saw a pronounced descent. The growth pace was the most rapid in 2019 when exports increased by 176%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, vacuum cleaner without motor exports declined to $X in 2022. Overall, exports recorded a pronounced contraction. The pace of growth was the most pronounced in 2019 with an increase of 105% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Nigeria (X units) was the largest exporter of vacuum cleaners without motor, achieving 42% of total exports. It was distantly followed by Cote d'Ivoire (X units), Ghana (X units), Mali (X units) and Senegal (X units), together generating a 49% share of total exports. Burkina Faso (X units) and Sierra Leone (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to vacuum cleaner without motor exports from Nigeria stood at +1.4%. At the same time, Mali (+14.9%), Burkina Faso (+14.9%) and Senegal (+1.8%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of +14.9% from 2012-2022. Ghana and Cote d'Ivoire experienced a relatively flat trend pattern. By contrast, Sierra Leone (-24.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria, Mali, Cote d'Ivoire, Ghana, Burkina Faso and Senegal increased by +15, +5.8, +5.4, +5.3, +2.9 and +2.1 percentage points, respectively.

In value terms, Nigeria ($X) remains the largest vacuum cleaner without motor supplier in ECOWAS, comprising 38% of total exports. The second position in the ranking was held by Ghana ($X), with an 18% share of total exports. It was followed by Mali, with a 17% share.

In Nigeria, vacuum cleaner without motor exports declined by an average annual rate of -4.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (+20.2% per year) and Mali (+17.9% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, approximately equating the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 65% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mali ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+19.6%), while the other leaders experienced more modest paces of growth.

Imports of Vacuum Cleaners Without Motor

Imports in ECOWAS

In 2022, purchases abroad of vacuum cleaners without motor increased by 215% to X units, rising for the fourth year in a row after six years of decline. Over the period under review, imports showed a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, vacuum cleaner without motor imports soared to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 119% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

Nigeria dominates imports structure, reaching X units, which was near 85% of total imports in 2022. It was distantly followed by Ghana (X units), comprising a 6.1% share of total imports. The following importers - Senegal (X units), Cabo Verde (X units) and Cote d'Ivoire (X units) - each accounted for a 5.8% share of total imports.

Imports into Nigeria increased at an average annual rate of +8.7% from 2012 to 2022. At the same time, Ghana (+21.2%), Senegal (+17.0%), Cabo Verde (+11.8%) and Cote d'Ivoire (+8.3%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +21.2% from 2012-2022. While the share of Ghana (+4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (-2.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported vacuum cleaners without motor in ECOWAS, comprising 69% of total imports. The second position in the ranking was taken by Ghana ($X), with a 15% share of total imports. It was followed by Senegal, with a 4.2% share.

In Nigeria, vacuum cleaner without motor imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (+9.4% per year) and Senegal (+3.0% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, falling by -53.3% against the previous year. Overall, the import price showed a abrupt setback. The pace of growth was the most pronounced in 2021 an increase of 23%. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, 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 Ghana ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (-3.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform