Western Africa: Gps Navigator Market 2024

Gps Navigator Market Size in Western Africa

The West African GPS navigator market rose modestly to $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, continues to indicate a pronounced downturn. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Gps Navigator Production in Western Africa

In value terms, GPS navigator production reached $X in 2022 estimated in export price. In general, production, however, recorded a noticeable downturn. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Gps Navigator Exports

Exports in Western Africa

After two years of decline, shipments abroad of aeronautical or space navigation instruments and appliances increased by X% to X units in 2022. Over the period under review, exports posted a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of X%. 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, GPS navigator exports shrank to $X in 2022. In general, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Senegal was the main exporting country with an export of around X units, which amounted to X% of total exports. Togo (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Ghana (X%). Sierra Leone (X units) followed a long way behind the leaders.

Exports from Senegal increased at an average annual rate of X% from 2012 to 2022. At the same time, Togo (X%), Ghana (X%) and Sierra Leone (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. While the share of Senegal (X p.p.), Togo (X p.p.) and Ghana (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Togo ($X) remains the largest GPS navigator supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Senegal ($X), with a X% share of total exports. It was followed by Ghana, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Togo totaled X%. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Ghana (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the export price, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price attained the peak level of $X per unit, and then declined sharply in the following year.

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 Togo ($X per unit), while Senegal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced a decline in the export price figures.

Gps Navigator Imports

Imports in Western Africa

In 2022, overseas purchases of aeronautical or space navigation instruments and appliances increased by X% to X units, rising for the fourth year in a row after two years of decline. In general, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, GPS navigator imports reduced notably to $X in 2022. Overall, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of import peaked at $X in 2021, and then contracted significantly in the following year.

Imports by Country

In 2022, Ghana (X units) represented the major importer of aeronautical or space navigation instruments and appliances, making up X% of total imports. Nigeria (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Mali (X%) and Cabo Verde (X%). Sierra Leone (X units), Guinea (X units) and Cote d'Ivoire (X units) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to GPS navigator imports into Ghana stood at X%. At the same time, Nigeria (X%), Sierra Leone (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Mali experienced a relatively flat trend pattern. By contrast, Cabo Verde (X%) and Guinea (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ghana and Nigeria increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest GPS navigator importing markets in Western Africa were Nigeria ($X), Ghana ($X) and Mali ($X), with a combined X% share of total imports.

In terms of the main importing countries, Nigeria, with a CAGR of X%, 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

The import price in Western Africa stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per unit), while Ghana ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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