Western Africa: Market for Electric Generating Sets And Rotary Converters 2022

Market Size for Electric Generating Sets And Rotary Converters in Western Africa

In 2020, the West African market for electric generating sets and rotary converters decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. In general, consumption recorded a deep slump. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. from 2012 to 2020, the growth of the market remained at a lower figure.

Production of Electric Generating Sets And Rotary Converters in Western Africa

In value terms, production of electric generating sets and rotary converters skyrocketed to $X in 2020 estimated in export prices. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% y-o-y. As a result, production reached the peak level of $X. from 2016 to 2020, production growth remained at a somewhat lower figure.

Production By Country in Western Africa

Cote d'Ivoire (X units) remains the largest electric generating set and rotary converter producing country in Western Africa, comprising approx. X% of total volume.

In Cote d'Ivoire, production of electric generating sets and rotary converters plunged by an average annual rate of -X% over the period from 2007-2020.

Exports of Electric Generating Sets And Rotary Converters

Exports in Western Africa

In 2020, the amount of electric generating sets and rotary converters exported in Western Africa surged to X units, growing by X% on the previous year. Overall, exports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at X units in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

In value terms, exports of electric generating sets and rotary converters skyrocketed to $X in 2020. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. The level of export peaked at $X in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

Exports by Country

Ghana (X units), Cote d'Ivoire (X units), Senegal (X units) and Nigeria (X units) represented roughly X% of total exports of electric generating sets and rotary converters in 2020. It was distantly followed by Mali (X units), Niger (X units) and Benin (X units), together generating an X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Mali, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest electric generating set and rotary converter supplying countries in Western Africa were Senegal ($X), Nigeria ($X) and Mali ($X), together comprising X% of total exports. These countries were followed by Benin, Cote d'Ivoire, Ghana and Niger, which together accounted for a further X terms of the main exporting countries, Benin saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price for electric generating sets and rotary converters in Western Africa stood at $X per unit in 2020, picking up by X% against the previous year. Overall, the export price showed modest growth. The most prominent rate of growth was recorded in 2009 an increase of X% against the previous year. As a result, export price attained the peak level of $X per unit. from 2010 to 2020, the growth in terms of the export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Benin ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Niger, while the other leaders experienced more modest paces of growth.

Imports of Electric Generating Sets And Rotary Converters

Imports in Western Africa

In 2020, overseas purchases of electric generating sets and rotary converters decreased by -X% to X units, falling for the sixth consecutive year after two years of growth. Overall, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. As a result, imports reached the peak of X units. from 2012 to 2020, the growth of imports failed to regain the momentum.

In value terms, imports of electric generating sets and rotary converters shrank notably to $X in 2020. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then contracted notably in the following year.

Imports by Country

Nigeria prevails in imports of electric generating sets and rotary converters structure, finishing at X units, which was near X% of total imports in 2020. Guinea (X units) ranks second in terms of the total imports with a X% share, followed by Liberia (X%). The following importers - Ghana (X units), Senegal (X units) and Cote d'Ivoire (X units) - each reached an X% share of total imports.

From 2007 to 2020, average annual rates of growth with regard to electric generating set and rotary converter imports into Nigeria stood at -X%. At the same time, Guinea (+X%), Cote d'Ivoire (+X%) and Senegal (+X%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +X% from 2007-2020. By contrast, Liberia (-X%) and Ghana (-X%) illustrated a downward trend over the same period. Guinea (+X p.p.), Liberia (+X p.p.), Senegal (+X p.p.) and Cote d'Ivoire (+X p.p.) significantly strengthened its position in terms of the total imports, while Nigeria saw its share reduced by -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported electric generating sets and rotary converters in Western Africa, comprising X% of total imports. The second position in the ranking was occupied by Guinea ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

In Nigeria, imports of electric generating sets and rotary converters remained relatively stable over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Guinea (+X% per year) and Cote d'Ivoire (+X% per year).

Import Prices by Country

In 2020, the import price for electric generating sets and rotary converters in Western Africa amounted to $X per unit, remaining constant against the previous year. Overall, the import price showed a strong increase. The pace of growth appeared the most rapid in 2019 an increase of X% year-to-year. Over the period under review, import prices hit record highs in 2020 and is expected to retain growth in the immediate term.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Nigeria, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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