ECOWAS: Video Projector Market 2024

Video Projector Market Size in ECOWAS

In 2021, after four years of decline, there was significant growth in the ECOWAS video projector market, when its value increased by 37% to $X. In general, consumption saw tangible growth. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Video Projector Production in ECOWAS

In value terms, video projector production reduced dramatically to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,930,240%. As a result, production reached the peak level of $X, and then dropped markedly in the following year.

Video Projector Exports

Exports in ECOWAS

Video projector exports contracted rapidly to X units in 2021, reducing by -56.8% against 2020. Over the period under review, exports saw a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 408% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, video projector exports fell dramatically to $X in 2021. Overall, exports faced a drastic downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 238% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cote d'Ivoire was the largest exporting country with an export of about X units, which accounted for 49% of total exports. Nigeria (X units) took the second position in the ranking, followed by Togo (X units), Ghana (X units) and Cabo Verde (X units). All these countries together took near 42% share of total exports. Benin (X units) followed a long way behind the leaders.

Exports from Cote d'Ivoire decreased at an average annual rate of -14.0% from 2012 to 2021. At the same time, Togo (+36.1%) and Cabo Verde (+8.0%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of +36.1% from 2012-2021. By contrast, Ghana (-5.7%), Benin (-12.5%) and Nigeria (-25.8%) illustrated a downward trend over the same period. Togo (+15 p.p.), Cote d'Ivoire (+12 p.p.), Cabo Verde (+5.1 p.p.) and Ghana (+4.1 p.p.) significantly strengthened its position in terms of the total exports, while Nigeria saw its share reduced by -28.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) remains the largest video projector supplier in ECOWAS, comprising 40% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 19% share of total exports. It was followed by Benin, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Nigeria totaled -18.5%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (-18.2% per year) and Benin (-14.0% per year).

Export Prices by Country

In 2021, the export price in ECOWAS amounted to $X per unit, reducing by -51.2% against the previous year. Over the period under review, the export price recorded a perceptible descent. The most prominent rate of growth was recorded in 2018 when the export price increased by 110%. Over the period under review, the export prices attained the maximum at $X per unit in 2020, and then shrank remarkably in the following year.

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 Benin ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+9.8%), while the other leaders experienced a decline in the export price figures.

Video Projector Imports

Imports in ECOWAS

After two years of decline, overseas purchases of video projectors increased by 1,116% to X units in 2021. Overall, imports continue to indicate temperate growth. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, video projector imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a moderate increase. The pace of growth appeared the most rapid in 2018 when imports increased by 95% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Nigeria (X units) and Senegal (X units) dominates imports structure, together achieving 85% of total imports. It was distantly followed by Burkina Faso (X units), comprising a 4.9% share of total imports. The following importers - Cote d'Ivoire (X units) and Ghana (X units) - together made up 7.4% 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 Nigeria (with a CAGR of +21.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest video projector importing markets in ECOWAS were Cote d'Ivoire ($X), Ghana ($X) and Senegal ($X), together accounting for 71% of total imports.

In terms of the main importing countries, Cote d'Ivoire, with a CAGR of +25.3%, recorded the highest growth rate of the value of imports, 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 unit, dropping by -88.7% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 1,472%. As a result, import price attained the peak level of $X per unit, and then contracted markedly in the following year.

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 Cote d'Ivoire ($X per unit), while Nigeria ($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 (+13.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform