Western Africa: Accumulator Market 2025

Accumulator Market Size in Western Africa

In 2022, the West African accumulator market decreased by X% to $X, falling for the second consecutive year after three years of growth. In general, consumption showed a buoyant increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Accumulator Production in Western Africa

In value terms, accumulator production declined to $X in 2022 estimated in export price. The total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Accumulator Exports

Exports in Western Africa

In 2022, the amount of electric accumulators exported in Western Africa soared to X units, with an increase of X% compared with 2021. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, accumulator exports surged to $X in 2022. In general, exports enjoyed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Nigeria (X units) and Togo (X units) dominates exports structure, together constituting X% of total exports. Burkina Faso (X units), Ghana (X units) and Cote d'Ivoire (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Togo (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest accumulator supplying countries in Western Africa were Nigeria ($X), Togo ($X) and Ghana ($X), together accounting for X% of total exports.

Togo, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price showed a drastic downturn. The pace of growth was the most pronounced in 2013 an increase of X% 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 remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, 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 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced a decline in the export price figures.

Accumulator Imports

Imports in Western Africa

In 2022, the amount of electric accumulators imported in Western Africa was estimated at X units, rising by X% against 2021. Overall, imports continue to indicate strong growth. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, accumulator imports rose slightly to $X in 2022. Over the period under review, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

In 2022, Ghana (X units), distantly followed by Burkina Faso (X units), Nigeria (X units), Cote d'Ivoire (X units), Senegal (X units) and Guinea (X units) were the largest importers of electric accumulators, together achieving X% of total imports. Sierra Leone (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Sierra Leone (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Ghana ($X) and Guinea ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Among the main importing countries, Guinea, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, the import price in Western Africa amounted to $X per unit, reducing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2021, and then dropped in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Nigeria ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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