Western Africa: Market for Instrument Panel And Wall Clocks 2022

Market Size for Instrument Panel And Wall Clocks in Western Africa

In 2020, the West African market for instrument panel and wall clocks increased by X% to $X, rising for the fourth year in a row after two years of decline. Over the period under review, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. from 2012 to 2020, the growth of the market failed to regain the momentum.

Production of Instrument Panel And Wall Clocks in Western Africa

In value terms, instrument panel and wall clock production dropped to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2009 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2011; however, from 2012 to 2020, production remained at a lower figure.

Production By Country in Western Africa

Nigeria (X tons) remains the largest instrument panel and wall clock producing country in Western Africa, accounting for X% of total volume. Moreover, instrument panel and wall clock production in Nigeria exceeded the figures recorded by the second-largest producer, Niger (X tons), tenfold. Mali (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual growth rate of volume in Nigeria was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Niger (+X% per year) and Mali (+X% per year).

Exports of Instrument Panel And Wall Clocks

Exports in Western Africa

In 2020, overseas shipments of instrument panel and wall clocks increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, exports continue to indicate a noticeable expansion. The volume of export peaked at X tons in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

In value terms, instrument panel and wall clock exports surged to $X in 2020. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 when exports increased by X% year-to-year. As a result, exports attained the peak of $X. from 2012 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Nigeria dominates instrument panel and wall clock exports structure, reaching X tons, which was approx. X% of total exports in 2020. The following exporters - Cote d'Ivoire (X kg) and Senegal (X kg) - together made up X% of total exports.

From 2007 to 2020, average annual rates of growth with regard to instrument panel and wall clock exports from Nigeria stood at +X%. At the same time, Cote d'Ivoire (+X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +X% from 2007-2020. By contrast, Senegal (-X%) illustrated a downward trend over the same period. While the share of Nigeria (+X p.p.) and Cote d'Ivoire (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Senegal (-X p.p.) displayed negative dynamics.

In value terms, the largest instrument panel and wall clock supplying countries in Western Africa were Nigeria ($X), Cote d'Ivoire ($X) and Senegal ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Cote d'Ivoire recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2020, the export price for instrument panel and wall clocks in Western Africa amounted to $X per ton, waning by -X% against the previous year. In general, the export price continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2014 when the export price increased by X% y-o-y. Over the period under review, export prices hit record highs at $X per ton in 2016; however, from 2017 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Cote d'Ivoire ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Senegal, while the other leaders experienced a decline in the export price figures.

Imports of Instrument Panel And Wall Clocks

Imports in Western Africa

In 2020, the amount of instrument panel and wall clocks imported in Western Africa soared to X tons, surging by X% against 2019. In general, imports posted a buoyant expansion. The growth pace was the most rapid in 2010 when imports increased by X% y-o-y. The volume of import peaked in 2020 and is likely to see steady growth in years to come.

In value terms, instrument panel and wall clock imports soared to $X in 2020. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Ghana (X tons) represented the major importer of instrument panel and wall clocks, constituting X% of total imports. It was distantly followed by Nigeria (X tons) and Cote d'Ivoire (X tons), together achieving a X% share of total imports. Senegal (X tons) and Niger (X tons) took a relatively small share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Nigeria, while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported instrument panel and wall clocks in Western Africa, comprising X% of total imports. The second position in the ranking was occupied by Ghana ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

In Nigeria, instrument panel and wall clock imports contracted by an average annual rate of -X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (+X% per year) and Senegal (+X% per year).

Import Prices by Country

In 2020, the import price for instrument panel and wall clocks in Western Africa amounted to $X per ton, shrinking by -X% against the previous year. Overall, the import price showed a abrupt contraction. The pace of growth appeared the most rapid in 2016 an increase of X% y-o-y. The level of import peaked at $X per ton in 2009; however, from 2010 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Nigeria ($X per ton), while Niger ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Senegal, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :